In this week’s fund news, how Dave Portnoy used the indexer loophole to promote BUZZ, Driehaus loses its founder, and Morningstar doubles analyst coverage for model portfolios.
The Simplify U.S. Equity PLUS Bitcoin ETF (SPBC) will invest up to 15% of its assets in cryptocurrencies, either “indirectly and solely” through the $34 billion Grayscale Bitcoin Trust (GBTC).
The ETF from the Collaborative Investment Series Trust intends to invest in “securities that reflect current or emerging trends.”
These funds saw the most action over the past 30 days.
Over the past year, high-risk funds were among the top performers while many low-volatility ETFs significantly trailed the S&P 500 Index.
Ark has been caught up in the broad tech selloff as rising bond yields make investors cautious about expensive parts of the stock market.
Until the industry adopts standard metrics for ESG investing, only customization and transparent communication and disclosures will help these strategies fulfill their promise to investors.
This week in fund news, VanEck's BUZZ goes live with Portnoy's backing; mutual fund-to-ETF conversions are coming; and Avantis hires more DFA execs.
DFA will turn four equity funds into ETFs “on or about” June 11.
Over the past 30 days, these funds gained the most money.