Markets & the Economy: America’s Back?
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S&P500 back in black for the year (as of 5/13/25)…Is it a sustainable trend or just a trading bounce?
Add it to the ETF Line Up
New Launches: (week ending 5/16) a few highlights…
- MPLY~ Monopoly ETF; Co’s that demonstrate monopolistic attributes
- NODE~ VanEck Onchain Economy ETF
- VNIE~ Vontobel International Equity Active ETF; Swiss manager debuted in the US ETF marketplace
New Filings: Donoghue, Tuttle, Schwab
An active ETF that tracks an index; what do you call this, pactive?
- DFTT~ DF Tactical 30 ETF; this should provide the ETF with investment flexibility in not being beholden to the index constituents or to tracking error
Tuttle filed for a 2x BYD ETF
Schwab the latest firm to memory hole the term ESG
- Schwab Ariel Opportunities ETF (formerly, Schwab Ariel ESG ETF)
ETF Check Up: Flow Show, ETF Launches, Vanguard
ETF Buzz…
ETF launches were up 132% in April YOY (despite the world ending chatter…)
- Setting a record for the month as they did in March & February
- Now 50% ahead of last year’s record pace, could reach 1000 (also 88% of them are active and 68% use derivatives)
Vanguard is AUM leader in nearly every major category (mutual funds, passive, equities, bonds, global, real estate) except 2: ETFs & Active.
- It is 2nd in ETFs but could overtake BlackRock in 12-18mo?
- That leaves Active, where it’s a respectable 3rd but much bigger hill to climb
Historical market share of active fund assets by fund Co.~ Vanguard 3rd but losing share…
- They refuse to launch low-cost active equity ETFs like the other 3 issuers are doing
