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☆ 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.

☆ Rick Scott doesn't rule out run for majority leader if GOP takes Senate
▼ + stars: | 2022-11-06 | by ( Summer Concepcion | Summer Concepcion Is A Politics Reporter For Nbc News. | ) www.nbcnews.com time to read: +2 min

Sen. Rick Scott, R-Fla., chair of the National Republican Senatorial Committee, on Sunday declined to say whether he would run for majority leader if Republicans gain control of the Senate in the midterm elections. Senate Minority Leader Mitch McConnell, R-Ky., has faced intraparty backlash after declining to support former President Trump’s false claims of a stolen 2020 election. Scott appeared to take aim at McConnell in an op-ed published in the conservative news site Washington Examiner in September. In the final weekend before the midterm elections, senators from both sides of the aisle appeared on Sunday programs to express confidence in their party's prospects of winning control of the chamber. Republicans can “absolutely” get to at least 52 Senate seats, Scott said.

☆ Doctor who performed abortion on 10-year-old rape victim sues Indiana AG over bids to access records
▼ + stars: | 2022-11-03 | by ( The Associated Press | ) www.nbcnews.com time to read: +4 min

INDIANAPOLIS — An Indianapolis doctor who performed an abortion on a 10-year-old rape victim from Ohio is suing Indiana’s attorney general, seeking to block him from using allegedly “frivolous” consumer complaints to issue subpoenas seeking patients’ confidential medical records. The lawsuit targeting Attorney General Todd Rokita was filed Thursday in Marion County on behalf of Dr. Caitlin Bernard, an Indianapolis obstetrician-gynecologist, her medical partner, Dr. Amy Caldwell, and their patients. After the news of the 10-year-old’s abortion broke, Rokita told Fox News he would investigate whether Bernard violated child abuse notification or abortion reporting laws. He also said his office would look into whether anything Bernard said to The Indianapolis Star about the girl’s case violated federal medical privacy laws. Bernard’s attorney, Kathleen DeLaney, signaled in a July court filing that she planned to sue Rokita.

Nov 3 (Reuters) - An Indiana doctor who performed an abortion on a 10-year-old Ohio rape victim sued Indiana's attorney general on Thursday, demanding an end to investigations seeking medical records about patients and their abortions. An Ohio man has been indicted for raping the girl and is due to go on trial early next year. The girl was referred to Bernard because the Supreme Court ruling triggered a strict Ohio law barring her from an in-state abortion. "The Attorney General and the Director will continue to initiate sham investigations of Plaintiffs unless enjoined by the Court," said the lawsuit filed in Marion Superior Court. Besides the case involving the 10-year-old girl, subpoenas were issued in a separate complaint involving Caldwell, Bernard's medical partner.

☆ Sen. Amy Klobuchar said she does not trust Elon Musk running Twitter, lambastes social-media companies for 'making money off' violence
▼ + stars: | 2022-10-30 | by ( Katie Balevic | ) www.businessinsider.com time to read: +4 min

Sen. Amy Klobuchar said she does not trust Elon Musk as the new owner of Twitter. "No, I do not," Klobuchar replied before rebuking social-media companies for "making money" off of amplifying "stuff that's a bunch of lies." I just don't think people should be making money off of passing on this stuff that's a bunch of lies," Klobuchar said on Sunday. They are making money off of this violence," Klobuchar said. Klobuchar added that social-media companies bear some responsibility in staving off political violence, referencing the attack on Paul Pelosi on Friday.

☆ Managed futures funds stand out as a rare bright spot in a tough market. Here's how they work
▼ + stars: | 2022-10-14 | by ( Yun Li | ) www.cnbc.com time to read: +2 min

The winning strategy relies on managed futures. Unlike traditional stock-picking funds, managed futures is momentum- or trend-following based, with traders relying on systematic models to execute bets. There are five exchange-traded funds based on managed futures strategy on the market today. "Managed futures ETFs like DBMF are built to provide exposure to alternative investments [rather] than going long traditional stocks and bonds," said Todd Rosenbluth, head of research at VettaFi. "You're diversifying among a variety of different asset classes" The First Trust Managed Futures Strategy Fund (FMF) is up about 15% this year.

☆ Are ESG ETFs a gimmick? The debate surrounding the transparency and social agendas of sustainable investing
▼ + stars: | 2022-10-08 | by ( Noah Sheidlower | ) www.cnbc.com time to read: +6 min

"What ESG investing is, is very simply put, an incorporation of publicly available data into investment processes," Noack said. Small but controversialSome investors like Noack have pointed out that debates surrounding ESG investing may be getting more attention than they deserve. However, grouping all ESG funds into one classification is too wide-ranging, Todd Rosenbluth, head of research at VettaFi, said in the same segment. The SPDR S&P 500 ESG ETF (EFIV) tracks an index designed to select S&P 500 companies meeting ESG criteria, while the Xtrackers MSCI USA ESG Leaders Equity ETF (USSG) corresponds to the performance of its underlying index. The Xtrackers S&P 500 ESG ETF (SNPE) , for instance, doesn't target the 25% worst S&P 500 companies from an ESG perspective of each industry group.

☆ Lawmaker complaint forces Tennessee pride festival indoors
▼ + stars: | 2022-10-07 | by ( Jo Yurcaba | Jo Yurcaba Is A Reporter For Nbc Out. | ) www.nbcnews.com time to read: +7 min

The drag show at a Tennessee pride festival will go on Saturday — but not in the way organizers had planned it. Darin Hollingsworth, a Jackson Pride Committee member, said organizers were “horribly disappointed,” because they know local LGBTQ youths would have felt supported at the drag performance. “But we will be in contempt if we even allow parents to bring in their child, so we won’t.”Hollingsworth said the pride event had been in the works for a year, and Jackson Pride had advertised it repeatedly. The event began to face backlash after a Sept. 17 Facebook post from Republican state Rep. Chris Todd. As a result, the Jackson Pride Committee decided to move the festival, including the drag show, into the Civic Center and to increase security measures by, among other things, having a metal detector.

☆ Profits over politics: the case for anti-ESG ETFs
▼ + stars: | 2022-10-05 | by ( Kevin Schmidt | ) www.cnbc.com time to read: +3 min

Proponents of environmental, social and governance (ESG) products say investors are pushing corporations to pay more attention to broader social issues. Others, such as Strive Asset Management, say companies should stick solely to earning profits. Strive has launched two ETFs to push back against "woke capitalism" in the industry. The U.S. Energy ETF (DRLL ) tracks the XLE energy ETF, with Exxon Mobil (XOM ), Chevron (CVX ) and Conoco Phillips (COP ) comprising the top holdings. "We've already engaged with 10 publicly traded energy companies," Ramaswamy said.

☆ Rep. Nancy Mace, who voted against impeaching Trump, says there's 'a lot of pressure' on Republicans to impeach Biden: 'I think that is something that some folks are considering'
▼ + stars: | 2022-09-26 | by ( Isabella Zavarise | ) www.businessinsider.com time to read: +2 min

Rep. Nancy Mace says there's "a lot of pressure" on Republicans to impeach President Biden. On NBC's Meet The Press, Mace said impeachment is being considered by some in the GOP. She told host Chuck Todd that if the party chooses to hold a vote, she believes it will be divisive. The South Carolina congresswoman answered, "there's a lot of pressure on Republicans to have that vote, to put that legislation forward. Kinzinger was referring to Georgia Rep. Marjorie Taylor Greene, who has made impeaching Biden part of her official platform.

Register now for FREE unlimited access to Reuters.com RegisterA sign is pictured at the entrance to a Planned Parenthood building in New York August 31, 2015. REUTERS/Lucas Jackson/File PhotoSept 22 (Reuters) - An Indiana judge on Thursday blocked the state from enforcing its new ban on most abortions while Planned Parenthood and other healthcare providers challenge it in court. Owen County Judge Kelsey Hanlon ruled that Planned Parenthood and the other providers had shown a "reasonable likelihood" that the ban's "significant restriction of personal autonomy" violates the Indiana constitution. Spokespeople for Planned Parenthood and for Indiana Attorney General Todd Rokita did not immediately comment. read moreThe law prohibits all abortions after conception, with limited exceptions for rape, incest, lethal fetal abnormalities or a serious health risk to the mother.

☆ We think we will see another good year of ETF adoption in 2022, says CFRA's Rosenbluth
▼ + stars: | 2021-12-30 | 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 EmailWe think we will see another good year of ETF adoption in 2022, says CFRA's RosenbluthAlex Shepard, ETF Action and Todd Rosenbluth, CFRA Research join 'Fast Money' to discuss the state of ETFs.

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