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Inflows are on track to hit the $1 trillion milestone by year-end, as the election acts as a new catalyst, the firm found. ETFs have seen inflows of more than $58 billion since Election Day, according to State Street Global Advisors. State Street's popular SPDR S & P 500 ETF Trust (SPY) has seen more than $12 billion of new money, since the Nov. 5 election. ETF flavors garnering notable flows The ETFs that track indexes have seen the biggest dollar inflows. State Street said its SPDR Galaxy Digital Asset Ecosystem ETF (DECO) has seen inflows increase by 26% since Election Day.
Persons: Todd Rosenbluth, Donald Trump's, Ryan McCormack, McCormack, Anna Paglia, Rosenbluth Organizations: Street Global Advisors, Trust, Trump, Mining
A California doctor is expected to plead guilty Wednesday in a deal with federal prosecutors over the fatal overdose of “Friends” star Matthew Perry last year. According to an 18-count indictment filed in August, Chavez is one of five individuals charged in connection with Perry's accidental overdose. The other individuals charged in connection with Perry’s death include the actor’s live-in personal assistant Kenneth Iwamasa, 60, and Erik Fleming, 54, a friend of Perry’s who authorities described as a “street dealer.” Both have pleaded guilty and await sentencing. Also charged is Jasveen Sangha, 41, an alleged drug dealer known as the “ketamine queen” who has pleaded not guilty. “We allege each of the defendants played a key role in his death by falsely prescribing, selling or injecting the ketamine that caused Matthew Perry’s tragic death,” Drug Enforcement Administration chief Anne Milgram said when the charges were announced.
Persons: Matthew Perry, Mark Chavez, Jean Rosenbluth, Perry, Chavez, Salvador Plasencia, Plasencia, , , Chavez’s, Matthew Binninger, Kenneth Iwamasa, Erik Fleming, Perry’s, Matthew Perry’s, Anne Milgram Organizations: Drug, Administration Locations: California, Los Angeles, Santa Monica
For years, some conservatives have framed the declining fertility rate of the United States as an example of eroding family values, a moral catastrophe in slow motion. JD Vance, the Republican vice-presidential nominee, recently came under fire for saying in 2021 that the nation was run by “childless cat ladies” who “hate normal Americans for choosing family over these ridiculous D.C. and New York status games.”Last year, Ashley St. Clair, a Fox News commentator, described childless Americans this way: “They just want to pursue pleasure and drinking all night and going to Beyoncé concerts. It’s this pursuit of self-pleasure in replace of fulfillment and having a family.”Researchers who study trends in reproductive health see a more nuanced picture. The decision to forgo having children is most likely not a sign that Americans are becoming more hedonistic, they say. For one thing, fertility rates are declining throughout the developed world.
Persons: JD Vance, , Ashley St, Organizations: Republican, , Fox Locations: United States, York, Clair
At his rehabilitation medicine practice in Illinois, Dr. Azlan Tariq typically spent seven hours a week fighting with insurance companies reluctant to pay for his patients’ treatments. He often lost. There was the 45-year-old man who spent five months in a wheelchair while his insurer denied appeal after appeal for a prosthetic leg. Or the stroke survivor who was rehospitalized following a fall after his insurer determined his rehab “could be done at home.”Over the course of Dr. Tariq’s 12-year career, these stories had become more common: The list of treatments that needed pre-approval from insurers seemed ever broadening, and the denials seemed ever rising. So in an effort to spare his patients what he deemed subpar care, and himself mountains of paperwork, Dr. Tariq recently turned to an unlikely tool: generative A.I.
Persons: Azlan Tariq, Tariq’s, Tariq Locations: Illinois
A bullish move may be ahead for both value and growth in the year's second half. The iShares Russell 1000 Growth ETF is up 20% so far this year, while the iShares Russell 1000 Value ETF is up almost 6%. FTSE Russell CEO Fiona Bassett said on "ETF Edge" the indices are built to reflect the nature of the market. As of May 31, FactSet reports the Russell 1000 Growth ETF's top three holdings are Microsoft , Apple and Nvidia . Meanwhile, the Russell 1000 Value ETF's top holdings are Berkshire Hathaway , JPMorgan Chase and Exxon Mobil .
Persons: VettaFi's Todd Rosenbluth, Russell, FTSE Russell, Fiona Bassett, Berkshire Hathaway, JPMorgan Organizations: FTSE, Russell, Microsoft, Apple, Nvidia, JPMorgan Chase, Exxon Mobil Locations: Berkshire
The Biden administration said this week that it opposed gender-affirming surgery for minors, the most explicit statement to date on the subject from a president who has been a staunch supporter of transgender rights. The draft guidelines would have lowered the age minimums to 14 for hormonal treatments, 15 for mastectomies, 16 for breast augmentation or facial surgeries, and 17 for genital surgeries or hysterectomies. The final guidelines, released in 2022, removed the age-based recommendations altogether. Levine shared her view with her staff that publishing the proposed lower ages for gender transition surgeries was not supported by science or research, and could lead to an onslaught of attacks on the transgender community,” an H.H.S. spokesman said in a statement on Friday evening.
Persons: Biden, Rachel Levine, “ Adm, Levine Organizations: The New York Times, Department of Health, Human Services
What the Russell rebalancing means for investors
  + stars: | 2024-06-25 | by ( Bob Pisani | ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWhat the Russell rebalancing means for investorsFiona Bassett is CEO of FTSE Russell, one of the largest indexing firms in the world and the owner of the small-cap benchmark Russell 2000 and large-cap Russell 1000. She joins Todd Rosenbluth, Vettafi head of research, and CNBC's Bob Pisani on 'ETF Edge' to discuss the Russell rebalancing this week and what it says about investor sentiment.
Persons: Russell, Fiona Bassett, Todd Rosenbluth, Bob Pisani Organizations: FTSE Russell
The small cap connection between big cap and growth
  + stars: | 2024-06-25 | by ( Bob Pisani | ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThe small cap connection between big cap and growthFiona Bassett is CEO of FTSE Russell, one of the largest indexing firms in the world and the owner of the small-cap benchmark Russell 2000 and large-cap Russell 1000. She joins Todd Rosenbluth, Vettafi head of research, and CNBC's Bob Pisani on 'ETF Edge' to discuss key trends in the Russell indexes and what it means for investors.
Persons: Fiona Bassett, Russell, Todd Rosenbluth, Bob Pisani Organizations: FTSE Russell
ETF Edge, June 24, 2024
  + stars: | 2024-06-25 | by ( Bob Pisani | ) 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, June 24, 2024Fiona Bassett is CEO of FTSE Russell, one of the largest indexing firms in the world and the owner of the small-cap benchmark Russell 2000 and large-cap Russell 1000. She joins Todd Rosenbluth, Vettafi head of research, and CNBC's Bob Pisani on 'ETF Edge' to discuss the Russell rebalancing this week, trends in the Russell indexes, what's driving investors now and more.
Persons: Fiona Bassett, Russell, Todd Rosenbluth, Bob Pisani Organizations: FTSE Russell
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
Long-term yields might be the best bond investment this year, according to one exchange-traded fund expert. "The iShares 20-year Treasury ETF (TLT ) will get the biggest bang for its buck [and] some of the intermediate-term products like the Vanguard Intermediate-Term Corp Bond (VCIT ) will get some bang for the buck," VettaFi's Todd Rosenbluth told CNBC's "ETF Edge" on Monday. Rosenbluth added that while the short-term products were very popular last year, they will "largely tread water or earn a little more than their overall income." The firm's head of research reasons that if the Federal Reserve cuts interest rates more than expected then investors should stay in longer-term products to benefit. "We saw a lot of money start to move out of the short end of the curve into intermediate duration," said Slavin, the company's global head of ETFs.
Persons: VettaFi's Todd Rosenbluth, CNBC's, Rosenbluth, BNY Mellon's Benjamin Slavin Organizations: Treasury, Corp, Federal Reserve
How to best position for rate cuts
  + stars: | 2024-01-29 | by ( Bob Pisani | ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailHow to best position for rate cutsBen Slavin, BNY Mellon's global head of ETFs, and Todd Rosenbluth, VettaFi's head of research, join CNBC's Bob Pisani on 'ETF Edge' to discuss how investors are investing amid rate cuts, bond flows and more.
Persons: Ben Slavin, Todd Rosenbluth, Bob Pisani
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailInvestors are looking to buy spot bitcoin ETFs in the next four to six months: VettaFi's head of researchBen Slavin, BNY Mellon's global head of ETFs, and Todd Rosenbluth, VettaFi's head of research, join CNBC's Bob Pisani on 'ETF Edge' to discuss investing in spot bitcoin ETFs.
Persons: Ben Slavin, Todd Rosenbluth, Bob Pisani
Investing opportunities beyond the Magnificent 7
  + stars: | 2024-01-29 | by ( Bob Pisani | ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailInvesting opportunities beyond the Magnificent 7Ben Slavin, BNY Mellon's global head of ETFs, and Todd Rosenbluth, VettaFi's head of research, join CNBC's Bob Pisani on 'ETF Edge' to discuss how investors are expanding beyond the Magnificent 7 stocks.
Persons: Ben Slavin, Todd Rosenbluth, Bob Pisani
Cryptocurrency investors spent much of 2023 waiting for good news. By the time news broke on Jan. 10 that 11 new bitcoin ETFs would begin trading, crypto investors were taking a victory lap, having bid the coin's price up by 155% in calendar year 2023. "They don't have the ability to put these bitcoin ETFs into client discretionary portfolios, yet," Sigel says. Expect more new crypto ETFs, too — and in different flavors. Experts say these might be as simple as portfolios that combine bitcoin exposure with mainstream investments, such as those in the S&P 500.
Persons: , Brian Vendig, That's, Matthew Sigel, Sigel, Todd Rosenbluth Organizations: SEC, stoke, MJP Wealth Locations: Westport , Connecticut
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailVettafi's Rosenbluth talks this year's greatest hits and misses for ETFsTodd Rosenbluth, Vettafi head of research, joins 'Fast Money' to talk the ETF landscape in 2023 and what's to come in 2024.
Persons: Todd Rosenbluth
ETFs offer 'the best of both worlds'Year over year, more money has gone into ETFs than mutual funds. ETFs also come with lower average expense ratios, fees investors pay for the management of a fund, Armour said. Mutual fund investors may owe either short- or long-term capital gains on those distributions, depending on how long they have been invested in the fund. Bryan Armour director of passive strategies research for North America at Morningstar"As a fund holder in a mutual fund, you're at the whims of other fund holders," Armour said. "They're much, much more tax-efficient than a mutual fund," Armour said.
Persons: Thomas Barwick, It's, Bryan Armour, That's, Armour, Todd Rosenbluth, Rosenbluth Organizations: DigitalVision, Getty, North America, Morningstar, Mutual, redemptions
Why these three money managers are betting big on AI ETFs
  + stars: | 2023-11-08 | by ( Natalie Zhang | ) www.cnbc.com   time to read: +2 min
The number of exchange-traded funds in the artificial intelligence space has exploded in the past year. Big Tech may have led the initial foray into AI, but money managers are now seeing other sectors jump into the space. Global X ETFs manages the Global X Artificial Intelligence and Technology ETF, which looks at the larger AI names in the space and is an option to play the space in a measured way, he said. Another ETF that can give investors exposure to AI beyond traditional tech is the Global X Robotics and Artificial Intelligence ETF , said Maier. One ETF that launched earlier this year aiming to lean into the generative AI theme is the Roundhill Generative AI and Technology ETF.
Persons: Jon Maier, CNBC's, Maier, VettaFi's Todd Rosenbluth, Rosenbluth, Dave Mazza Organizations: Big Tech, Companies, Global, Intelligence, Technology ETF, Robotics, Technology
Are dividend plays key for recession protection?
  + stars: | 2023-11-06 | 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 EmailAre dividend plays key for recession protection? CNBC’s Leslie Picker on ‘ETF Edge’ with Roundhill's Dave Mazza and VettaFi's Todd Rosenbluth discuss investing amid recessionary fears.
Persons: Leslie Picker, Dave Mazza, VettaFi's Todd Rosenbluth
Mutual fund trades, by contrast, are executed once a day and all investors get the same price. Investors pulled more than $900 billion from mutual funds in 2022 and funneled about $600 billion into ETFs, according to Morningstar. There were 419 U.S. ETF fund inceptions in 2022, versus 197 mutual funds, Morningstar found. 3 big reasons ETFs have gotten popularThere are three big reasons investors, in aggregate, have preferred ETFs over mutual funds, experts said. When asset managers buy and sell securities within mutual funds, those trades may trigger capital gains taxes for fund investors.
Persons: Kathrin Ziegler, Morningstar, Bryan Armour, Armour, Rosenbluth Organizations: Digitalvision, Getty, Mutual, North America, Morningstar, of Iowa Locations: U.S
Oct 27 (Reuters) - Bargain hunting drove investors to exchange-traded funds (ETFs) tracking technology companies after shares fell sharply on mixed earnings from heavyweights. The fund's price fell nearly 4% in the week, as mixed results from megacaps like Alphabet (GOOGL.O) weighed on the sector. Tech funds saw inflows of $2 billion in the week to Wednesday, their largest in eight weeks, according to BofA Global Research, which it attributed to investors "buying the dip". The $14 billion ProShares UltraPro QQQ (TQQQ.O) posted net weekly inflows of $68.15 million, even as the price of the fund fell 9.5%. The $46.5 billion Technology Select Sector SPDR Fund and the $9 billion VanEck Semiconductor ETF (SMH.O) posted net inflows of $205.7 million and $280.6 million, respectively, for the week.
Persons: Todd Sohn, Todd Rosenbluth, Vanda Research's, Bansari Mayur, Shweta Agarwal Organizations: Technology ETF, Apple, Microsoft, Strategas Securities, VettaFi . Tech, Nasdaq, Tech, BofA Global Research, Fund, Semiconductor, Thomson Locations: VettaFi, Bengaluru
VanEck launches ETF tied to ether futures
  + stars: | 2023-10-02 | by ( ) www.reuters.com   time to read: +1 min
Oct 2 (Reuters) - VanEck on Monday launched VanEck Ethereum Strategy ETF , becoming one of the first U.S. investment managers to bring a futures-based exchange traded fund (ETF) tied to the world's second-largest cryptocurrency ether to the market. The newly launched fund will be investing in ether futures focused solely on those traded on the Chicago Mercantile Exchange, the fund manager said. "EFUT is positioned to gather assets from those investors wanting to tap into this slice of the crypto market." ProShares, Bitwise and Invesco have also filed to list a variety of ETFs tied to ether, that are expected to launch later in the day, according to traders and media reports. Reporting by Bansari Mayur Kamdar in Bengaluru; Editing by Shweta AgarwalOur Standards: The Thomson Reuters Trust Principles.
Persons: Todd Rosenbluth, Bansari Mayur, Shweta Agarwal Organizations: Chicago Mercantile Exchange, Thomson Locations: Bengaluru
REUTERS/Dado Ruvic/Illustration Acquire Licensing RightsSept 26 (Reuters) - Approvals on new exchange-traded funds, including bitcoin spot ETFs, could face delays if the U.S. government shuts down next month for the fourth time in a decade. "I'm not sure if ETFs that have been filed for approval can move forward with the government shutdown," said Todd Rosenbluth, head of research at VettaFi. "This would just delay yet another decision on the never ending spot Bitcoin decision," said Todd Sohn, ETF and technical strategist at Strategas Securities. "ETFs are just pass through vehicles ... impact on the underlying markets will obviously impact ETFs," said Hector McNeil, co-CEO and founder of HANetf. "People will also probably pause if they're about to launch (new ETFs) and wait for steady waters."
Persons: Dado Ruvic, Exchange Commission's, Gary Gensler, I'm, Todd Rosenbluth, Todd Sohn, Hector McNeil, Bansari Mayur, Ira Iosebashvili, Anil D'Silva Organizations: REUTERS, Securities, Exchange, SEC, Strategas Securities, Thomson Locations: U.S, Bengaluru
Some Hollywood studios have long-term leases in place at soundstages and can control what they film and when, but most producers book stages for specific productions. And until the strikes are resolved, it's difficult to plan ahead, so most productions are waiting to move forward. But several high-level studio execs, studio investors, and producers told Insider the gears are starting to turn, with some productions beginning scenario planning. Of course, no one's expecting spending on new entertainment to be what it once was once the strikes end. Some projects were ready to start production, with sets already built, or were in mid-production on a TV series.
Persons: that's, Elsa Ramo, Ramo, Hal Rosenbluth, he's, Atlanta's, Steve Greenberg, Christian Simonds, Reed Smith, they'll, Rosenbluth, it's, They're, Alison Brower Organizations: Hollywood, Guild of America, Alliance, Television Producers, SAG, Kaufman Astoria Studios, New York's, Netflix, Warner Bros, Wall Locations: soundstages, Hollywood, New
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.
Persons: Vivek Ramaswamy, Ramaswamy, He's, Donald Trump, Mike Pence, Nikki Haley, Ron DeSantis, Trump, George Soros, didn't, Taco Bell, he's, , Vivek, Tricia McLaughlin, he'd, McLaughlin, takeout, Forbes, Vivek doesn't, they've, Roivant, Masayoshi, Peter Thiel's, Thiel, JD Vance, Bill Ackman, who'd, . Ramaswamy, Erik Gordon, Vance, John Phillips, Joyce Rosely, Phillips, Anson Frericks, they'd, Rosely, Frericks, They're, they're, Eric Balchunas, Todd Rosenbluth, Rosenbluth, Christopher Lenzo, Brandon Bell, Vivek Ramaswamy's, Katherine Long, Jack Newsham, Meghan Morris Organizations: pharma, Army Rangers, Biotech, Republican, nab, GOP, of Education, FBI, Nuclear Regulatory Commission, Federal Reserve, Florida, Roivant Sciences, General Electric, Yale Law School, Army, Rangers, Harvard, Yale, Fund, Viking Global, Leerink Partners, GlaxoSmithKline, Forbes, Big Pharma, Japan's Sumitomo Pharma Co, ., University of Michigan, FDA, US, Yale Law, ESG, The, Texas, Indiana, BlackRock, Vanguard, Bloomberg Intelligence, Fair, SEC Locations: Mexico, FiveThirtyEight, Roivant, Patagonia, Iowa, New York, Ohio, The Lever
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