News 

In ETFs, the rich aren’t getting much richer

“As MarketWatch reported in August, the dividend yield for the S&P 500 briefly outstripped the yield on 30-year Treasury bonds” writes Andrea Riquier for marketwatch.com. The 20 biggest exchange-traded funds together hold $1.33 trillion in assets: 60% of a total category of $2.3 trillion.As markets keep churning, it’s picked up a whopping $9.6 billion so far this year, increasing its assets by 28%. Source: marketwatch.com

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Crypto News 

Bitwise Taps BNY Mellon As Transfer Agent for Its Bitcoin ETF

“Bitwise has tapped Bank of New York Mellon to serve as the administrator and transfer agent for its proposed bitcoin exchange-traded fund (ETF)” reports coindesk.com. The company filed an amendment to its Bitwise Bitcoin ETF S-1 form on Wednesday, listing BNY Mellon as the administrator and ETF custodian, Foreside Fund Services as the marketing agent and Cohen & Co. as an auditor.The company has not yet named a bitcoin custodian for the trust its ETF would be built on.In other words, the trust would be taxed similarly to the underlying…

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Futures News 

Gold prices sag, pull back from $1,300 level

“From Myra P. Saefong : Gold futures fell on Monday, pulling back after bullion failed to settle above the psychologically significant $1,300 mark despite a rally late last week” reports etfdailynews.com. Commodity strategists say gold may be retreating as investors shrink flows into gold exchange-traded funds, like the SPDR Gold Shares GLD, -0.56% which traded 0.6% lower Monday.Holdings in gold-backed ETFs and similar products fell in February, after four straight months inflows, the World Gold Council reported Thursday.April gold GCJ9, -0.46% shed $6.30, or 0.5%, at $1,293 an ounce, after bullion rose 1% on Friday and…

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News 

A 5G-themed ETF is the latest to try and tap into a hot trend, even as scores of thematic funds ‘flame out’

“Despite their popularity, Ben Johnson, Morningstar’s director of fund research, cautioned that thematic funds sometimes “flame out in a catastrophic fashion.”” writes Meghan Morris for businessinsider.com. Defiance’s 5G fund goes beyond the major telecommunications companies, such as Verizon and AT&T, to invest in 5G’s supply chain.Managers are launching more thematic ETFs, like FIVG, partly as a way to make up revenue from cheaper market funds that track broad parts of the market.”For some investors, thematic ETFs have taken the place of stocks that offer long-term growth potential,” Todd Rosenbluth, the…

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News 

Health care ETF’s ‘bearish engulfing’ chart pattern warns of an end to the recent uptrend

“The intraday U-turn in the SPDR Health Care Select Sector ETF ETF, +0.00% has produced a “bearish engulfing” reversal chart pattern, which many technicians would say warns that the 2-month uptrend in the sector has ended” writes Reporter Editor for marketwatch.com. Candlestick-chart followers believe this pattern suggests that after bears took the bulls’ best shot, they launched a successful counterattack that have left bulls retreating. Source: marketwatch.com

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Markets News 

Here are the 3 reasons big investing firms have been plowing an unprecedented amount of money into ETFs

“Applications for ETFs, according to institutional investors Greenwich Associates Greenwich Associates surveyed 181 investment managers, institutional funds, insurance companies, investment advisers and others” writes Marley Jay for businessinsider.com. Global assets in ETFs now top $5 trillion, or 6% of the worldwide stock market, according to Louis Odette of Citi Investment.Greenwich Associates Managing Director Andrew McCollum says the institutions may have been disappointed in returns from active managers during the market turmoil of late 2018.Financial data provider Greenwich Associates says that, on average, those big firms reported having 24.8% of their…

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News 

SoFi is launching free ETFs

“US-based fintech SoFi has completed a regulatory filing for a series of exchange-traded funds (ETFs), some of which will come at no charge for investors, according to Bloomberg” writes Lea Nonninger for businessinsider.com. We’ve seen a number of fintechs launching investment services for free for a certain period or until a specific investment threshold. Source: businessinsider.com

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News 

Three ways to play retail’s busy earnings week

“It’s pure online exposure in a world where online is still only 10 percent of essentially what retail spending is” writes Keris Lahiff for cnbc.com. The IBUY ETF, meanwhile, offers investors a chance to invest in smaller companies with exposure to the growing online retail space.The RTH ETF, for example, is market cap weighted and holds the 25 largest retailers, most notably Amazon. Source: cnbc.com

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Markets News 

7 investments to make with your tax refund

“The average federal tax refund is about $2,800, although some taxpayers may receive slightly less this year under the new tax law” writes Aol Staff for aol.com. Here are seven stocks or ETFs to invest your tax refund in for the long term.This fund’s top holdings include Microsoft Corp. (MSFT), Apple (AAPL), Amazon.com (AMZN) and Berkshire Hathaway Class B (BRK/B), to name a few.This fund’s top holdings include tech behemoths Apple and Microsoft as well as consumer discretionary companies like Amazon and Home Depot (HD). Source: aol.com

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News Stocks 

How trillion-dollar stock-market index funds are vulnerable to manipulation that ‘could harm American investors’

“A recent op-ed in the New York Times cautions that passive index funds may be vulnerable to bias and, possibly manipulation, as interest in those funds has ballooned over the past decade” writes Mark Decambre for marketwatch.com. Dangers may lurk in index funds, a popular area of the stock-market known for its recent and consistent record of outperformance against actively managed funds, according to experts. Nearly $6.7 trillion, or a third of those assets resided in passive funds at that time, the data provider said.Such passive ETFs track an index…

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