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☆ Why ARK Invest thinks it’s an 'amazing time' to invest in cutting-edge tech
▼ + stars: | 2024-04-25 | by ( Emily Glass | ) www.cnbc.com time to read: +1 min

ARK Invest is betting big on private tech companies. "It's an amazing time to invest in innovation," the firm's chief futurist, Brett Winton, told CNBC's "ETF Edge" this week. Winton worked with the ARK Invest team to create the ARK Venture Fund (ARKVX), a closed end interval fund, in September 2022. Closed-end interval funds allow investors to invest in private companies at their net asset value at any time, regardless of market volatility. As of Thursday's close, the ARK Venture Fund was up 29% since its inception date.

Persons: Brett Winton, CNBC's, Winton, ARK, … Organizations: Invest, ARK Invest, ARK Venture, Games, SpaceX

☆ New ETF looks to profit from municipal bonds
▼ + stars: | 2024-04-06 | by ( Emily Glass | ) www.cnbc.com time to read: +1 min

A new ETF is trying to capture profits in the municipal funds space. BondBloxx's Joanna Gallegos is behind the IR+M Tax-Aware Short Duration ETF (TAXX) — which launched less than a month ago. "When you think about municipal bond portfolios, you really want people to think beyond them and look for the relative value of after-tax income," the firm's co-founder and COO told CNBC's "ETF Edge" on Monday. Gallegos sees actively managed municipal bond exchange-traded funds as an income-generating opportunity in a high rate environment. FactSet describes the fund as "tax efficient" — balancing strong after-tax income opportunities with capital preserved through both municipal and taxable short-duration fixed income securities.

Persons: BondBloxx's Joanna Gallegos, CNBC's, Gallegos, FactSet, It's, TAXX Organizations: Federal Reserve, muni Locations: Illinois, Pennsylvania, New Jersey , New York, Alabama

☆ ‘One of the most important innovations in investing’: TMX CEO jumps deeper into ETFs
▼ + stars: | 2024-03-02 | by ( Emily Glass | ) www.cnbc.com time to read: +1 min

The Toronto Stock Exchange's parent company has already completed a major deal this year: its acquisition of ETF education company VettaFi. According to TMX Group CEO John McKenzie, the deal helps expand its exchange-traded fund business globally. McKenzie plans to utilize the VettaFi acquisition to facilitate more ETF creation. "ETF providers can create new products and great solutions so that they can reach a broader investing audience," McKenzie said. TMX's ETF Screener lists 1,264 ETFs and ETF-related funds on the Toronto Stock Exchange as of Friday.

Persons: John McKenzie, McKenzie, CNBC's Organizations: Toronto Stock, TMX, Toronto Stock Exchange Locations: U.S, Canada

☆ Why spot ETFs may be a game changer for bitcoin
▼ + stars: | 2024-01-13 | by ( Emily Glass | ) www.cnbc.com time to read: +1 min

The Securities and Exchange Commission's approval of 11 spot bitcoin ETFs this week could be a turning point for cryptocurrency investing. Her firm partnered with 21Shares to launch the ARK 21Shares Bitcoin ETF. "We really believe this is an important moment for us to help with the democratization of bitcoin access, giving more people access," Wood told "ETF Edge" on Monday. The first-ever batch of spot ETFs began trading Thursday. "It's also very much part of a new wave of disruptive technology," the firm's president and co-founder told "ETF Edge."

Persons: Cathie Wood, 21Shares, Wood, Ophelia Snyder's, Snyder, bitcoin Organizations: Securities, Exchange, Ark Invest Locations: bitcoin

☆ This ETF offering could become next year's hot product
▼ + stars: | 2023-12-16 | by ( Emily Glass | ) www.cnbc.com time to read: 1 min

BNY Mellon's global head of ETFs suggests exchange-traded funds using options overlays could become next year's hot product. "We are absolutely going to see more of these options-based products come to market," Ben Slavin told CNBC's "ETF Edge" on Monday. "We see it in our own book." Options overlays are a way for investors to hedge against downside. "Ultimately, there's going to be more issuers that are continuing to chase this trend that we're seeing," Slavin said.

Persons: Ben Slavin, CNBC's, there's, Slavin

☆ 'The Psychology of Money' author Morgan Housel gives advice to investors afraid of market downturns
▼ + stars: | 2023-12-03 | by ( Emily Glass | ) www.cnbc.com time to read: +1 min

The author behind the best-selling book "The Psychology of Money" is trying to relieve investor anxiety over market downturns. "Realizing how inevitable it is makes it more palatable to deal with when you go through it," author and behavioral finance expert Morgan Housel told CNBC's "ETF Edge" recently. He also advises investors to always have a plan for surprise events because they can catch the market off guard. Housel added these surprise events, such as natural disasters and pandemics, tend to be all that matter in market shakeups. But just as the market eventually stabilizes, even times of calm can also "plant the seeds for crazy."

Persons: Morgan Housel, CNBC's, Housel Organizations: Collaborative Fund Locations: Housel

☆ Legendary value investor's firm launches new fund targeting 'quality' stocks
▼ + stars: | 2023-11-18 | by ( Emily Glass | ) www.cnbc.com time to read: +1 min

Legendary value investor Jeremy Grantham is betting on a special caliber of stocks with his firm's first active ETF: the GMO U.S. Quality ETF. "There's a lot more interest in active ETFs than there was even a few years ago," Hancock told CNBC's "ETF Edge" this week. According to GMO's website, as of November 17th, the ETF's top holdings include Microsoft , UnitedHealth and Johnson & Johnson . "These are battleship companies that are going to remain relevant and important going forward." Shares of UnitedHealth are virtually flat while Johnson & Johnson is down more than 15%.

Persons: Jeremy Grantham, Tom Hancock, Hancock, CNBC's, Johnson Organizations: Quality, Microsoft, Johnson

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