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But a person who worked closely with Ramaswamy said, "He thinks people are put on this earth to serve him." Roivant attracted investors including Masayoshi Son's SoftBank Vision Fund, Peter Thiel's Founders Fund, and the hedge fund Viking Global Investors. Former Roivant employees said Ramaswamy worked hard and expected the same of others. McLaughlin called the employee's recollection "inaccurate," adding that Ramaswamy "has never once raised his voice or used bad language with employees." At Roivant, Ramaswamy kept his politics largely to himself, former employees said.

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☆ Beyond Big Tech: Alternative ways to invest in A.I., according to two ETF experts
▼ + stars: | 2023-08-05 | by ( Lina Hassen | ) www.cnbc.com time to read: +2 min

For those who want to ride the AI rally while still diversifying their portfolio beyond the tech sector, there are other fields benefiting indirectly from the AI craze, two ETF experts say. Baird's head of ETF trading, Rich Lee, and VettaFi's head of research, Todd Rosenbluth, both said there is a wider choice of industries seeing AI gains than investors may initially think. "We're seeing trends towards health care, we're seeing eCommerce companies," Rosenbluth told CNBC's Bob Pisani on "ETF Edge" on Monday. "It's going to help advisors do their jobs better, it's going to help investors sort through information better, it's going to help processing." "So, we're going to see AI creep into other sectors and industries we may not traditionally associate with tech or AI," Lee said.

Persons: Rich Lee, Todd Rosenbluth, Rosenbluth, CNBC's Bob Pisani, we've, BOTZ, Lee Organizations: Microsoft, Tesla, Big Tech, Global Robotics, Automation, Global, Robotics, Intelligence

☆ Analysis: US institutional investors could face restrictions on Chinese stock ownership
▼ + stars: | 2023-08-04 | by ( Ross Kerber | ) www.reuters.com time to read: +5 min

Chinese companies including Tencent (0700.HK) and Alibaba (9988.HK) accounted for 31% of the MSCI Emerging Markets index (.MSCIEF) in July. RED-FLAGGED COMPANIESMSCI and rivals removed seven Chinese companies from global indexes in 2020 because of U.S. ownership restrictions. The committee's letters this week cited contractors to China's People's Liberation Army it identified in BlackRock funds or MSCI indexes. Some of the companies have been flagged such as appearing on the U.S. Treasury's "Chinese Military-Industrial Complex" companies list. For companies on it, U.S. persons and asset managers face purchase and sale restrictions but not divestment requirements.

Persons: Tingshu Wang, Biden, Jo Ritcey, Donohue, there’ll, BlackRock, MSCI, RUSH, Mike Gallagher, Gallagher, Todd Rosenbluth, Rosenbluth, Russell, Ross Kerber, Karin Strohecker, Michael Martina, Patricia Zengerle, Selena Li, Megan Davies, Cynthia Osterman Organizations: Waterdrop Inc, New York Stock Exchange, REUTERS, U.S, BlackRock, Washington, Chinese Communist Party, HK, Vanguard FTSE, Vanguard, FTSE Russell, People's, Ritcey, Department of, Thomson Locations: U.S, New, Beijing, China, BlackRock, Washington, Taiwan, Ukraine, MSCI, Boston, London, Hong Kong

☆ Beating the benchmark? How AI-driven ETFs stack up
▼ + stars: | 2023-08-02 | by ( Kevin Schmidt | ) www.cnbc.com time to read: +2 min

Rosenbluth explained that VettaFi is seeing increased interest in actively managed ETFs that are driven by AI. The QRAFT AI-Enhanced U.S. Large Cap Momentum ETF (AMOM), for example, uses an artificial intelligence system to select large-cap stocks for its portfolio. "AMOM is significantly outperforming the iShares momentum ETF (MTUM) ," he said. The AI-driven AMOM rebalances at the end of every month and is up more than 21% this year, while the benchmark MTUM has remained relatively flat in 2023. "'[Momentum ETFs] should benefit from the information that's continually being updated in the marketplace," Rosenbluth said.

Persons: Todd Rosenbluth, CNBC's Bob Pisani, Rosenbluth Organizations: Momentum, Nvidia, Walmart, Home Depot, O'Reilly, Agriculture, Metals, AI, Equity, IBM Locations: U.S

☆ Some investors are shunning Wall Street’s tech frenzy
▼ + stars: | 2023-07-07 | by ( Krystal Hur | ) edition.cnn.com time to read: +5 min

CNN —While many on Wall Street have chased the monster rally in mega-cap tech stocks this year, exchange-traded fund (ETF) investors seem to be bucking the “all-in on tech stocks” trend and opting for a more diversified strategy. The Nasdaq Composite index has climbed about 31% for the year, powered by a handful of tech stocks that have soared on hype surrounding artificial intelligence. The Vanguard Information Technology Index Fund saw $955 million of net outflows in the first half of 2023 compared to $291 million net inflows in the first half of last year. Investors had piled into tech-focused ETFs last year when the sector had fallen out of favor, betting that tech stocks would recover, buoyed by an economy that remains resilient despite the Federal Reserve’s punishing pace of interest rate hikes. Now, investors are exiting these ETFs and reallocating their cash to quality stocks with strong balance sheets that can withstand a potential economic downturn, says Todd Rosenbluth, head of research at VettaFi.

Persons: Todd Rosenbluth, ”, Shelby McFaddin, Larry Fink, Bitcoin, ” Fink, Antoni Trenchev, Charles Schwab, Clare Duffy, paring, Elon Musk, it’s, Read Organizations: CNN Business, Bell, CNN, Vanguard Information Technology, Investors, “, Wealth, BlackRock, Fox Business, Federal Reserve, Fidelity Digital Assets, Citadel Securities, Facebook, Twitter, Meta

☆ Tesla returns to S&P 500 ESG index with more environmental disclosures
▼ + stars: | 2023-06-21 | by ( Ross Kerber | ) www.reuters.com time to read: +2 min

REUTERS/Mike BlakeJune 21 (Reuters) - Tesla Inc (TSLA.O) has returned to the S&P 500 ESG index, the sustainable investing-focused market index, after the electric car maker added environmental disclosures. The re-inclusion of Tesla is largely symbolic because only about $8 billion in assets track the S&P 500 ESG index, a tiny fraction of the $15.6 trillion in assets that track the S&P 500 index, according to its provider, part of S&P Global (SPGI.N). Tesla was among 39 companies added to the S&P 500 ESG index effective May 1 as part of an annual rebalancing. Other companies added included Chevron (CVX.N) and Fox (FOXA.O), while 23 companies were removed including Exxon (XOM.N) and Oracle (ORCL.N). S&P said it has a review underway that "relates to racial discrimination in Tesla factories," which could impact future scores.

Persons: Mike Blake, Tesla, Elon Musk, Todd Rosenbluth, Ross Kerber, Lisa Shumaker Organizations: Tesla, REUTERS, Tesla Inc, P, Chevron, Fox, Exxon, Oracle, Thomson Locations: Long Beach , California, U.S

☆ Retail investors slow to buy into ARK Innovation Fund's blistering rally
▼ + stars: | 2023-06-21 | by ( David Randall | ) www.reuters.com time to read: +3 min

NEW YORK, June 21(Reuters) - Individual investors have given a cold shoulder to Cathie Wood’s ARK Innovation Fund during their searing run this year, but some market watchers believe that may change if risk appetite keeps improving. The $8 billion fund, which outperformed all U.S. equity funds during the pandemic rally of 2020 but suffered a steep fall last year, is up nearly 37% year-to-date, outpacing broader markets. ARK Invest, the fund's parent company, did not respond to a request for comment. Domestic equity funds and ETFs posted a total of $151.3 billion in outflows year to date through June 7th, according to data from trade group the Investment Company Institute. Optimism among individual investors vaulted to a 19-month high in the latest American Association of Individual Investors (AAII) Sentiment Survey.

Persons: Todd Rosenbluth, Rosenbluth, Virag Shah, Van, Morgan Stanley, Shah, David Randall, Ira Iosebashvili, David Gregorio Our Organizations: YORK, Innovation Fund, Invest, Investment Company Institute, Van Leeuwen & Company, American, of, Tesla, Roku Inc, Sciences, Thomson Locations: Van Leeuwen

☆ Cathie Wood's Ark Invest misses out on Nvidia's powerful rally — dumped stock too early, citing high valuation
▼ + stars: | 2023-05-30 | by ( Yun Li | ) www.cnbc.com time to read: +2 min

Ark Invest's Cathie Wood, known for her investments in next-generation technologies, missed out on the jaw-dropping rally in Nvidia — the biggest winner in artificial intelligence this year. Her flagship Ark Innovation ETF (ARKK) exited Nvidia entirely in early January, before the chipmaker went on to enjoy a powerful rally that propelled it to a $1 trillion market capitalization. She even trimmed Nvidia holdings in her smaller funds on Thursday when the stock spiked 26% on a huge forecast beat driven by AI chip demand. & Robotics ETF (ARKQ) now has 4.4% in Nvidia, while its biggest holding is Tesla with a 14% weighting. In its base case, Ark believes Exact Sciences could compound at an average annual rate of 25%, reaching $140 by 2027.

☆ 'The story is all about gold.' ETF experts on commodity-based strategies
▼ + stars: | 2023-05-24 | by ( Kevin Schmidt | ) www.cnbc.com time to read: +2 min

Rosenbluth said that engagement for precious metal commodity ETFs spiked earlier in May compared with the month prior, according to VettaFi data. "The story is all about gold," Will Rhind, founder and CEO of GraniteShares, said Monday in the same segment. The ongoing banking crisis still looms, higher inflation and a declining dollar are also tail winds for the precious metal, he said. Flows into the SPDR Gold Shares have exceeded $1.14 billion the past month, according to FactSet. The iShares Gold Trust (IAU) and the SPDR Gold MiniShares Trust (GLDM) saw net inflows of $182 million and $222 million, respectfully, in the same period of time.

Persons: Todd Rosenbluth, CNBC's Seema Mody, Rosenbluth, Will Rhind, Rhind, We're, Neuberger Berman Organizations: Trust, MiniShares, Strategy

☆ Bank turmoil is boosting appetite for specific sector ETFs. Here’s why
▼ + stars: | 2023-03-25 | by ( Sean Conlon | ) www.cnbc.com time to read: +1 min

It appears specific sector ETFs are gaining popularity as a way to cushion bank-turmoil fallout. According to VettaFi's Todd Rosenbluth, the trend applies to ETFs holding only a few large companies in particular industries. "We're seeing this year that active management and actively managed ETFs in particular have been relatively popular in complement to an existing core strategy." Rosenbluth asserts the narrow focus of big-cap sector ETFs can boost potential gains. Yet, last week on "ETF Edge," Astoria Advisors' John Davi suggested bank upheaval could expose problems lurking in ETFs tied to specific sectors.

☆ If you like big banks, there's an ETF for that.
▼ + stars: | 2023-03-22 | by ( Kevin Schmidt | ) www.cnbc.com time to read: +3 min

Roundhill Investments launched its new Big Bank ETF (BIGB) on Tuesday in response to the banking crisis. The fund includes no regional banks but holds equally weighted positions in six institutions: Bank of America , Citigroup , Goldman Sachs , JPMorgan Chase , Morgan Stanley and Wells Fargo . Comparably, the SPDR S&P Bank ETF (KBE) holds a 0.35% ratio. The launch of the ETF comes as larger banks are increasingly being seen as relative safe havens in the sector, while regional bank stocks remain volatile this week. "With these sector ETFs in general, and more concentrated ETFs, you really want to make sure you want to overweight them."

☆ Morgan Stanley, BlackRock funds among those exposed to regional bank failures
▼ + stars: | 2023-03-13 | by ( David Randall | ) www.reuters.com time to read: +3 min

REUTERS/Lucas JacksonNEW YORK, March 13 (Reuters) - Mutual funds managed by Morgan Stanley (MS.N), Fidelity, and BlackRock (BLK.N) appear to be among the most exposed to the collapse of Silicon Valley Bank and Signature Bank, Morningstar data showed, as a market selloff has erased more than $100 billion of U.S. banks' value. Few funds held positions that alone appeared large enough to badly damage them, though further selloffs in regional bank shares could increase the pressure, said Todd Rosenbluth, head of research at data analysts firm VettaFi. Regulators closed Signature Bank on Sunday, marking the third-largest bank failure in U.S. history, after Silicon Valley Bank on Friday became the country's second-largest bank to collapse. The $3.9 million BlackRock Future Financial and Tech ETF , meanwhile, held 3% of its assets in Signature and 1.7% in Silicon Valley Bank as of the end of December. Prior to the fall of Silicon Valley Bank, financial shares had drawn some U.S. investors, who expected rising interest rates to lift bank margins.

☆ Cathie Wood's ARK Fund set for worst week since Sept as higher rates loom
▼ + stars: | 2023-03-10 | by ( David Randall | ) www.reuters.com time to read: +2 min

Tesla (TSLA.O), the fund's top holding, is down nearly 11% for the week to date, while online education company 2U Inc (TWOU.O) is down nearly 18% for the week. Overall, the fund is down approximately 10% for the week to date, its worst weekly performance since an 11.1% decline in the week ending Sept. 23, according to Refinitiv data. None of the 27 companies in the fund's portfolio are in positive territory for the week. Higher rates weigh heavily on technology stocks by increasing the cost of borrowing and decreasing the value of expected future profits. "(ARK) is a good barometer of sentiment toward higher risk, higher reward investments.

☆ Be skeptical of funds that invest like politicians: 'The smart money is not even in the same building'
▼ + stars: | 2023-02-24 | by ( Ryan Ermey | ) www.cnbc.com time to read: +3 min

Last year, a bipartisan bill seeking to ban members of Congress from trading stocks while in office fell short of a floor vote in the House. That's the conceit behind two recently unveiled exchange-traded funds from Subversive Capital and investment data firm Unusual Whales. One with the ticker symbol NANC invests in stocks purchased or sold by Democratic members of Congress and their spouses. The fund trading under the symbol KRUZ does the same for Republicans. "There are far cheaper ways to get that exposure than paying 75 basis points," says Todd Rosenbluth, head of research at investment research firm VettaFI.

☆ Time for a change? Shifting away from this popular ETF strategy may benefit investors
▼ + stars: | 2023-02-18 | by ( Sean Conlon | ) www.cnbc.com time to read: +1 min

With Wall Street jitters increasing over the number of interest rate hikes ahead, VettaFi's Todd Rosenbluth sees signs of a comeback in managed fixed-income exchange-traded funds and away from passive ETF products. "So, [investors] want to lean on the active managers to be able to do that." Rosenbluth said top ETF providers such as BlackRock's iShares and Vanguard, and newer players such as Morgan Stanley and Capital Group, are saturating the market with a wide array of fixed-income ETFs. "You've got two of the leading fixed-income ETF providers offering up some of the largest products. According to Rosenbluth, this versatility is attracting investors by offering more opportunities to take advantage of active ETFs for leverage.

☆ Bond ETFs are bouncing back this year. Here’s why
▼ + stars: | 2023-02-15 | by ( Kevin Schmidt | ) www.cnbc.com time to read: +4 min

After a dismal 2022 for fixed income funds, bonds are steadily regaining steam in the new year thanks in part to an inverted yield curve. "There's now income within the fixed income ETFs that are available," Todd Rosenbluth, head of research at VettaFi, told Mike Santoli on CNBC's "ETF Edge" on Monday. We've seen high-yield fixed income ETFs see inflows this year, as well as some of the safer products." Given the inverted shape of the yield curve, JPMorgan Ultra-Short Income ETF (JPST) offers a portfolio comprised of short-term, investment-grade bonds. "It's really too early to declare and wave a victory flag with regard to the soft landing," Schneider said in the same segment on Monday.

☆ ETF Edge: 'Active' ETFs are making a comeback
▼ + stars: | 2023-02-13 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailETF Edge: 'Active' ETFs are making a comebackJPMorgan's James McNerny and Vettafi's Todd Rosenbluth join the 'Halftime Report' to discuss 'active' ETFs.

☆ Cathie Wood's Innovation ETF notches best month ever as beaten-down tech stocks roar back
▼ + stars: | 2023-01-31 | by ( Yun Li | ) www.cnbc.com time to read: +2 min

Cathie Wood notched her best month ever as her beaten-down innovation darlings staged a big comeback in the new year. Wood's flagship Ark Innovation ETF (ARKK) jumped 3.7% on Tuesday, bringing its January return to 27.8%. The innovation investor has said that the macroeconomic trends should start to work in her favor. The muted flows marked a stark difference from the same month last year when it enjoyed $238 million in inflows. The widely followed fund manager has been buying the beaten-down Tesla for a few months during the sell-off.

It said 80% of its close to $8 trillion in assets are in its index funds, which primarily attract retail investors. Vanguard's biggest competitors, BlackRock Inc (BLK.N) and State Street Corp's (STT.N) asset-management arm, rely more on institutional investors including pension funds and foundations. Many retail investors are also interested in matters like climate change, but prioritize them less in building retirement portfolios, said Rosenbluth and other industry analysts. A FINRA Investor Education Foundation study of retail investors last March found only 9% of respondents held ESG investments. A big factor behind this gap is retail investors' lack of familiarity or knowledge about ESG products, the study found.

☆ With big bets on Musk, these funds may have a Tesla problem in '23
▼ + stars: | 2023-01-04 | by ( David Randall | ) www.reuters.com time to read: +4 min

Those funds dropped by an average of 42.1% last year, more than double the average 17% decline among U.S. stock funds, according to Morningstar. The $6 billion Baron Partners Retail fund, which leads all US mutual funds with about 52% of its assets in Tesla shares, fell nearly 43% last year, while the $54 million Zevenbergen Genea Institutional fund, which has 13% of its assets in Tesla, fell nearly 59%. Tesla fell about 65% last year, with declines accelerating after Musk decided to buy social media network Twitter, which some investors see as a distraction to the chief executive. His net worth has fallen by more than $100 billion, according to Forbes, bumping him from the position of world's richest person. The fund fell 67% last year, putting it near the bottom of all U.S. equity funds.

☆ Analysis: Wood’s ARK slammed by higher interest rates in 2022 along with other growth funds
▼ + stars: | 2022-12-27 | by ( David Randall | ) www.reuters.com time to read: +4 min

The ARK Innovation Fund has lost around 67% year to date, more than tripling the decline of the S&P 500 index (.SPX). With the S&P 500 on pace for its biggest annual decline since the Great Financial Crisis, few funds are likely to escape 2022 unscathed. Wood's fund ranked 3,544 among all 3552 actively-managed U.S. equity mutual funds tracked by Morningstar. The worst performing fund of the year, by comparison, was the Voya Russia fund, which is down 92% for the year to date. CRASH LANDINGOther funds that soared in recent years on the backs of large bets on technology stocks fell on hard times in 2022.

☆ Holiday rush: Why investors may want to add retail ETFs to their cart
▼ + stars: | 2022-11-27 | by ( Noah Sheidlower | ) www.cnbc.com time to read: +1 min

Despite consumer headwinds tied to the economic slowdown, Amplify ETFs' Brian Giere sees opportunities in retail. Giere oversees the Amplify Online Retail ETF, which trades under the IBUY. VettaFi's Todd Rosenbluth, who's taking a wait and see approach on retail spending this holiday season, highlights the SPDR S&P Retail ETF as a "more targeted way of getting exposure" to traditional consumer discretionary companies such as Macy's and Gap . "[It] has become larger than some of the online retail peers that are out there." The SPDR S&P Retail ETF is down 26% so far this year.

☆ Expanding equity income strategies in a rising rate environment
▼ + stars: | 2022-11-23 | by ( Kevin Schmidt | ) www.cnbc.com time to read: +3 min

The Amplify Enhanced Dividend Income ETF (DIVO ) ranks in the top 5% of all ETFs in terms of inflows in 2022. As dividend ETFs continue to outperform the S&P 500 this year, Todd Rosenbluth of VettaFi said that advisers are consistently seeking alternatives to traditional fixed income — including dividend income strategies and covered call strategies. VettaFi recently surveyed advisers to canvas their views on dividend strategies and discovered a possible shift in how they approach the funds. "Instead of looking at it from an income component that they've historically done throughout 2022 in the rising rate environment, they're now looking for more growth from these strategies," Rosenbluth explained. As a result, VettaFi expects dividend growth products to garner more attention, like the WisdomTree US Quality Dividend Growth ETF (DGRW ) and Vanguard Dividend Appreciation Index ETF (VIG ).

☆ Amplify's Brian Giere and Vettafi's Todd Rosenbluth offer dividend growth ETF opportunities
▼ + stars: | 2022-11-21 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailAmplify's Brian Giere and Vettafi's Todd Rosenbluth offer dividend growth ETF opportunitiesCNBC's Seema Mody joins 'ETF Edge' with Brian Giere, Amplify ETFs, and Todd Rosenbluth, Vettafi, to discuss dividend growth and ETFs.

☆ Cathie Wood's Innovation ETF draws $1 billion despite a 60% loss. Here's why investors are standing by her
▼ + stars: | 2022-11-11 | by ( Yun Li | ) www.cnbc.com time to read: +5 min

Rather, Cathie Wood's loyal investors have been doubling down on her disruptive strategy this year. Wood's flagship Ark Innovation ETF (ARKK) has reeled in $1.3 billion in new money year to date despite a 60% loss, and that is among the top 3% of all exchange-traded funds in the U.S., according to FactSet. Because of the slight weighting, they could afford to be more loyal and patient despite the drastic drawdown. The Innovation fund is focused on advanced technology companies in areas such as genomics, robotics, internet and fintech. She has been buying the dip in her favorite growth names all year, and so have many of her investors.

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