My favorite ETF reads over the past week, along with my ETF tweet and chart of the week!
“This year’s awards will take with a new shape and feel.”
“Issuers across the $5.9 trillion U.S. ETF industry are racing to win approval for the first Bitcoin fund.”
“While some investors think of ESG ETFs solely based on the Environmentally friendly pillar and presume there is little to no energy exposure, the most popular U.S. ESG ETFs look a lot like the broader equity market from the top-down.”
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“We believe a well-structured ETF can lessen these costs and risks of investors seeking to gaining exposure to an asset like bitcoin.”
“Although active ETFs represent just 3.5% of the $5.9 trillion U.S. listed ETF market, they were the most popular choice among the Schwab ETF investor survey respondents.”
ETF Tweet of the Week: Two weeks ago, Barstool Sports’ Dave Portnoy put his social media influence behind the VanEck Vectors Social Sentiment ETF (BUZZ), which has since eclipsed $500 million in assets. This week, one of the Pompliano brothers put their marketing support behind the Roundhill MVP ETF ($MVP). New trend of influencers partnering with ETFs??
🚨 Announcement 🚨
— NY Knicks & Rangers
— Manchester United
— Formula One
— World Wrestling Entertainment
— Joe Pompliano (@JoePompliano) March 17, 2021
ETF Chart of the Week: ESG ETFs were in the spotlight this week after the former Chief Investment Officer of Sustainable Investing at BlackRock made some, um, interesting comments on CNBC. The below chart shows the top 20 biggest stock exclusions from the largest ESG ETFs. The point? There’s still much debate as to what constitutes “ESG”, even among data and index providers.
Source: Bloomberg’s Eric Balchunas