Top related persons:
Top related locs:
Top related orgs:

Search resuls for: "BNY Mellon's Ben Slavin"


2 mentions found


Big Tech's market dominance may push more investors to equal-weight exchange-traded funds, according to VettaFi's Todd Rosenbluth. Rosenbluth lists the Invesco S&P 500 Equal Weight ETF and the Invesco S&P 500 Equal Weight Technology ETF as options for investors who want to reduce exposure to the "Magnificent Seven." "You own the same companies that you'd find within the S&P 500 or in the technology sector. But instead of being dominated by Apple and Microsoft and Nvidia, you spread that risk around to the other companies," Rosenbluth said. CNBC's Magnificent 7 Index, which is comprised of Apple, Alphabet, Meta , Microsoft , Amazon , Nvidia and Tesla , soared almost 6% Friday.
Persons: VettaFi's Todd Rosenbluth, Rosenbluth, BNY Mellon's Ben Slavin, CNBC's Organizations: Nasdaq, Apple, Microsoft, Nvidia, Big Tech, Tesla
According to BNY Mellon's Ben Slavin, it's a key time to sell losing investments in order to cut down on capital gains. "Mutual fund investors are in for quite a nasty surprise," the firm's global head of ETFs told CNBC's "ETF Edge" last week. State Street Global Advisors' Matt Bartolini also sees advantages for investors looking to offset tax losses and stay in the market. "You own a mutual fund that tracks the broad base of U.S. equities. Bartolini said investors can also sell broad-based ETFs and buy back into other ones covering a similar marketplace.
Total: 2