This week in fund news: Cannabis ETFs become more attractive as legalization possibilities expand, a Democratic Party trifecta could be great for markets and some fundsters pull their political dollars in the wake of the violence at the U.S. Capitol.
After a torrent of inflows in 2020, the once-niche firm now oversees about $41.5 billion in ETF products, compared with $39.7 billion for WisdomTree.
The top 20 ETFs to debut in 2020 by total fund assets include only three products from BlackRock Inc. and none from Vanguard Group or State Street Corp., according to data compiled by Bloomberg.