Markets & the Economy: A World in Transition…
This content does not reflect any recommendations of Baird.
The investment landscape is shifting as geopolitics, supply chains, AI, energy, & monetary policy become increasingly interconnected.
The question has become ability- can everybody continue to spend despite what is going on in the real economy?
Add it to the ETF Line Up
New Launches: (week ending 6/18)
25 SpaceX filings by 14 different issuers…a few highlights
- SPCF~ ProShares Ultra SpaceX ETF
- SPCU~ Defiance Daily Target 2x Long SpaceX ETF
- SPCQ~ Defiance Daily Target 2x Short SpaceX ETF
- SPCH~ Leverage Shares 2x Long SPCX Daily ETF
- SSPC~ Leverage Shares 2x Short SPCX Daily ETF
- BITA~ iShares Bitcoin Premium Income ETF; the much anticipated follow up to IBIT the fastest growing ETF of all time- writes call options on IBIT
New Filings:
2 new Leverage Shares filings…Inverse OpenAI & Inverse Anthropic
- Leverage Shares 1x Short OpenAI Daily ETF
- Leverage Shares 1x Short Anthropic Daily ETF
New 2x leveraged inverse SK Hynix ETF filed by ProShares
Corgi filed for a MANGOS ETF; latest attempt at a cute acronym which stands for Meta, Anthropic, Nvidia, Google, OpenAI and SpaceX
ProShares also filed for a suite of MANGO ETFs (leveraged & non-leveraged ones)
River1 Asset Management filed for a new US Infrastructure fund
- BUIL~ Rebuild America ETF
New Chinese DRAM ETF filed…CRAM~ Defiance China Memory
ETF Check Up:
ETF Buzz…
A ton of ETFs bought SPCX on IPO day…there were 4 ETF holders on 6/12 morning but now there are 120…WILD!
- These are all active ETFs choosing to buy…not indexes (they are coming later)
FLOWMAGEDDON: ETF flows have touched $1T YTD and it’s just the end of June…looking pretty good that last years $1.5T record will be broken
The Jack Bogle Paradox: The more money that goes into cheap funds, the more hot sauce & derivative products we may see launched…
- Right now 60% of ETF assets are now invested in funds charging 10bps or less, yet those generate only 16% of industry revenue
