The Defiance Next Gen Altered Experience ETF begins trading under the ticker PSY, offering exposure to firms involved in “the next generation of medicine, including psychedelics, cannabis and other psychedelic-derived treatments.”
In this week's fund news, Keebeck Wealth Management brings Halo's structured products to clients; Putnam's first active ETFs go live; and CoinShares takes a stake in fund company launching first U.S. ESG crypto mining ETF.
These funds took in the most money over the past 30 days.
Regulators have yet to approve a U.S. ETF, in part because of concerns on how a fund would be able to handle the token’s infamous volatility. But if Canada’s ETF is anything to go by, the concern might be misplaced.
The AI Powered Equity exchange-traded fund (AIEQ) has lagged its benchmark, the S&P 500 Total Return Index, by 9 percentage points since the end of March.
Ark Investment Management no longer holds a stake bigger than 20% in any stock, down from three companies in February.
The rebalancing of MTUM's quant strategy will push the weighting of financial stocks to a third from less than 2% currently. The technology sector will slide to 17% from 40%.
SEC Commissioner Hester Peirce’s open mind on digital tokens has earned her the nickname “Crypto Mom” among enthusiasts.
The frenzy for raw materials now accounts for more than half of the 20 best-performing exchange-traded products this year.