My favorite ETF reads over the past week, along with my ETF tweet and chart of the week!
“There’s little demand for benchmark-aware large-cap stock picking at a cost of over 0.2%.”
“You might be surprised to see JD.com among the top 10 holdings. JD in China has a logistics company that is one of the most sophisticated logistics companies using drones especially to help with supply chain management.”
“My view has been that we’re overdue on approving one of these things. I also think we’ve dug ourselves into a bit of a difficult hole by setting standards for approval that are difficult to figure out how to satisfy.”
“The growing U.S. ETF industry marked another milestone Monday when the first ETFs converted from mutual funds started trading.”
ETF Tweet of the Week: The ARK Space Exploration and Innovation ETF (ARKX) launched on Tuesday and immediately hit the stratosphere, taking in over $280 million on its first day. The ETF was not without controversy, however, as some investors questioned the inclusion of companies such as Netflix, JD, and…. John Deere, who had some fun with the unexpected attention.
— John Deere (@JohnDeere) March 30, 2021
ETF Chart of the Week: The value stock rotation is alive, as evidenced by accelerating flows into value ETFs. The below chart depicts trailing 12-month flows into ETFs defined as belonging to Morningstar’s Value strategic-beta group. These ETFs have gathered $26.7 billion in net new flows for the year-to-date through March 28.
Source: Morningstar’s Ben Johnson