The largest U.S.-listed exchange-traded fund tracking U.K. stocks dropped Wednesday over new concerns surrounding the Prime Minister Theresa May’s plans to exit the European Union.
The battle between passive and active fund managers is raging in most corners of the investing world. Now it’s coming to the $3.9 trillion municipal bond market with two new actively managed ETFs.
Brazilian economist Roberto Campos Neto will take the reins of the central bank under incoming President Jair Bolsonaro with the benchmark rate at a record low and inflation close to target.
Ark Investment Management, which runs the two best performing exchange-traded funds over the last three years, is planning a new thematic ETF focused on technology for finance firms.
One of the big takeaways from the 13Fs is that a boatload of funds had the premonition to pare or exit their positions in large-cap tech during the third quarter, or just before the market rout began in October.
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