Markets & the Economy: September to Remember or Forget?
This content does not reflect any recommendations of Baird.
Another wobble to start a new month.
In August, the initial stumble tested a level from a couple weeks prior and created the low for the month. Maybe a bit too much to ask that it repeats so neatly in September but can’t rule it out.
Baird in the News: Active ETFs
Rich Lee, Head of Program Trading and Execution Strategy at Baird, discusses the continued growth of Active ETFs.
Active ETFs to Continue to Grow - Markets Media
Add it to the ETF Line Up
New Launches: (week ending 9/5) a few highlights…
- AGIQ~ SoFi Agentic AI ETF
- LLYZ~ Defiance Daily Target 2x Short LLY ETF
- TOT~ LionShares US Equity Total Return ETF; large cap active but the fee is only 7bps~ cheapest active ETF ever launched?
Recent launches to note… (debuted 8/21)
VanEck launched TruSector ETFs to deliver the exposure Sector Funds miss…actively managed to reflect the full economic composition of each market segment
- TRUD~ VanEck Consumer Discretionary TruSector ETF
- TRUT~ VanEck Technology TruSector ETF
New Filings: Themes
New hot sauce flavor dropped…2x Capped Accelerated single stock ETFs for HOOD and a bunch of crypto stocks from the team at Themes
ETF Check Up: Crypto, Flow Show
Crypto ETF Flows…
Crypto ETF Monsoon…30% increase in products as issuers flood the zone in Oct-Dec after getting SEC approvals on alt/meme coins
Cumulative flows for Gold ETFs vs Bitcoins…
- Gold led early then bitcoin roared back in the summer, took the lead for a ‘hot minute’ then gold regained control
- Both doing good at $25b and $19b respectively
ETF Buzz….
