New for subscribers: Thematic ETFs are booming because of the 'societal sea change,' with 90% of funds beating the market Check out CNBCPro today.
Attendees inspect LG Electronics Inc. CLOi robots during a press preview day at the IFA consumer electronics show in Berlin, Germany, on Thursday, Aug. 30, 2018.The so-called thematic exchange-traded funds, one of the quirkiest corners of the ETF industry, have now gone mainstream with massive inflows and market-trouncing returns, thanks to the coronavirus pandemic.
From cloud computing to advanced medicine and e-commerce, thematic ETFs focus on various niche segments of an industry. Coincidentally, this year's unprecedented move to digital and ongoing stay-at-home trend accelerated many social and industrial transformations that a lot of those funds bet on. Here's how to ride this Wall Street boom.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Here's what one of the best performing funds of the last decade is buyingE-commerce company Shopify, Taiwan Semiconductor Manufacturing, Sea and Slack are now top holdings in the fund, according to T. Rowe Price.
Read more »
House debates Postal Service changes, funds ahead of vote in rare Saturday sessionSpeaker of the House Nancy Pelosi said Saturday that 'we will pass the bill and it will be in a bipartisan way today and then we will send it to the Senate.'
Read more »
Trump set to block controversial Alaska gold mineThe about-face by the administration likely signals more about issues with this specific mine than a sea change in Trump’s overall support for big development projects.
Read more »
Hedge funds are sticking with tech, but also buying JPMorgan and these other stocksRBC Capital Markets dug through 13f filings of 337 hedge funds and found that eBay, JPMorgan and T-Mobile are new names that the Wall Street pros are throwing money into.
Read more »
SAP BrandVoice: Social Justice Entrepreneur Touts Enduring Impact Of Mission-Driven BusinessSocial justice entrepreneur Shiza Shahid, shares three ways that people and business can stave off the worst effects of the COVID-19 pandemic and a host of societal inequities.
Read more »
House passes bill to reverse Postal Service changes, infuse $25B in emergency fundsBREAKING: House passes bill to reverse recent changes at U.S. Postal Service and infuse $25B in emergency funding. The legislation, which passed by a vote of 257-150 is expected to face significant opposition in the Republican-led Senate.
Read more »