Looking to stay in the market but protect against losses that might be caused by a recession? ETFs that provide protection against downside risk were one of the big winners in 2022 and continue to attract investors in 2023. One particularly successful strategy has been "buffered" products which offer participation in stocks or bonds, while also providing some level of downside protection. Join us Monday on ETF Edge at 1:10 PM ET when our guest will be Bruce Bond, CEO and Co-founder at Innovator ETFs, which runs the successful "Buffer" product line and has just introduced the "Barrier" ETF product line that seeks to provide high income and a protective barrier against losses over a specific holdings periods. Also joining Bruce is Todd Sohn, ETF & Technical Strategist at Strategas Securities, a Baird company.
Speaking of buffer ETFs... The world's largest asset manager and largest ETF issuer is getting in the buffer ETF game. BlackRock just filed for two defined-outcome ETFs – similarly aiming to cushion the blow against downside in the broader markets while also capping potential gains. Both the Large Cap Moderate Buffer ETF and the Large Cap Deep Buffer ETF will track the returns of the iShares Core S&P 500 ETF (IVV) via options.
ESG backlash growing overseas. A growing chorus of concern over the use of the ESG label has put ESG-branded funds increasingly right in regulators' crosshairs – with scrutiny getting so intense that many experts are expecting it to slow ETF development across the pond. That could mean major ripple effects for the overall ETF industry. Just last year, ESG ETFs alone comprised 65% of all ETF inflows into European ETFs, according to Morningstar. And future changes to MSCI ESG ratings could result in hundreds of funds being stripped of their ESG rating.
Bill Miller gets in the ETF game. Legendary value investor Bill Miller is now the latest money manager to jump into the active ETF space – with his firm Miller Value Partners filing for two ETFs this week – the Miller Value Partners Appreciation ETF and the Miller Value Partners Leverage ETF (MVPL). The former will actively invest in 20-40 stocks the fund considers "undervalued" over a multi-year time period – while the latter will invest in not only individual stocks and ETFs but also leveraged ETFs. Miller IV will be the portfolio manager for both ETFs. The firm is one of many legacy active managers to embrace a more tax-efficient ETF wrapper in recent years. Fidelity launched an ETF version of its famed Magellan Fund in 2021.
Rise of the robotics industry. Expanding its lineup of thematic equity ETFs, Van Eck just launched the VanEck Robotics ETF (IBOT) – a brand-new robotics and automation offering exposure to global companies that are making strides in the realm of robotics, deriving at least 50% of their revenues from subsectors like manufacturing automation systems, 3D printing, machine learning, etc. Top holdings include Nvidia, Keyence, Siemens, Rockwell Automation and Autodesk.
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