My favorite ETF reads over the past week, along with my ETF chart of the week!
“For marijuana ETFs, the last 24 months have been a total bummer, with nothing but stems and seeds to show for returns.”
Why Investors Are Pulling Money From Vanguard’s Index Funds by Leslie P. Norton
“Roughly 17% of Vanguard’s ETF flows so far this year, or $22.8 billion, came from people moving money out of a mutual fund and into the ETF version.”
“A number of top ETF providers are offering low-cost clones of popular ETFs.”
“Of the more than 12,500 CLO tranches rated by S&P Global, only 40 have ever defaulted – and none of them were AAA-rated, where the two new ETFs primarily invest.”
ETF Chart of the Week: While debate continues raging over the merits of ESG (Environmental, Social, and Governance) investing, one thing is certain: ETF fees are falling across the space. Investors can now build a fully diversified, all-ETF, ESG-focused portfolio for less than 16 basis points annually. Furthermore, 90% of the portfolio is completely fossil fuel-free. The argument against ESG investing “because of high fees” is dwindling.
Source: ETF.com’s Lara Crigger