Wondering how to dive into the world of ETFs? Our newsletter ETF Wrap is for you. In this edition: Banks, bonds, and a 98% return for one stock picker -- plus, a new ETF to consider for the 'alternatives' section of your portfolio.
What just happened? It’s The Trump Show and we’re just living in it. From the shocking news that the president tested positive for coronavirus and was checked into the Walter Reed National Military Medical Center for three nights, to his proclamation that there would be no fiscal stimulus, to his next-day reversal, President Donald Trump dominated the talk in markets over the past week.
Among ETFs that picked up the most incoming money last month, there was only one actively managed fund in the top 20: ARK Invest’s flagship fund, the Innovation ETF ARKK, -1.01%. For all the recent excitement about “semitransparent” ETFs and “active non-transparent” ETFs, ARK’s founder, Cathie Wood, an unabashed and active stock picker, just happens to prefer the transparency that good old-fashioned ETFs provide.
“The ARK lineup, and ARKK in particular, take thematic investing, which has been gaining traction, and do stock picking with a very patient approach,” said Todd Rosenbluth, CFRA head of ETF research. “She’s been right a lot. It’s just impressive. It’s a strategy that combines a few different innovative themes. It’s also a swing for the fences strategy, and she’s been connecting and hitting home runs. It’s a home run year.
SPACs – Special Purpose Acquisition Companies – are sometimes called “blank-check companies.” They raise capital, then identify a company already in operation as an acquisition target. As part of the merger process, the new entity goes public – and shares in the SPAC convert to equity in the new company.
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