Markets & the Economy: AI vs Geopolitics…
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When Big Tech spends $650B in a quarter and the Strait of Hormuz stays closed, which story is the market pricing…
Add it to the ETF Line Up
New Launches: (week ending 5/8/26) a few highlights…
- AMKL~ Defiance Daily Target 2x Long AMKR ETF
- XOVL~ Defiance Daily Target 2x Long XOVR ETF
- RSIT~ Return Stacked International Stock & Managed Futures ETF
- WDIG~ WisdomTree Efficient Rare Earth Plus Strategic Metals ETF
- TCAN~ 21Shares Canton Network ETF; 1st Canton ETF in the US
- BUYB~ Pro Shares SP500 Buyback Aristocrats ETF
Congrats to Corgi Funds for making history with an unprecedented 34 ETF launches (6 Structured Buffers + 28 Thematic Equity)~ debuted on 5/6
New Filings
Roundhill filing for a Magnificent Seven Plus ETF~ MAGP which will hold the Mag 7 plus any Co. based on the ‘company’s contribution to technological innovation’ which include private co’s~ smart sequel to MAGS which has $5b…
ETF Check Up
There’s now over 400 single stock ETFs, but the category ‘only’ has $40b in aum; that’s $100m/ETF (avg is $3b/ETF)
- ESG was $400m/ETF at the height of ESG hype, followed by a slew of liquidations-Probably same here?
ETF Buzz...
A record 23% of the flows are now going to young ETFs less than 3yrs old- a relatively new phenomenon
- It used to take longer but investors seem trusting of ETFs and willing to use new ones (plus many are legacy active brands)
- And not mention about HALF of all ETFs are under 3yrs old so there’s just so many young products