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What Tesla s entry into the S&P 500 means for portfolios

The move marks the single largest addition in the history of the index December 18, 2020 3 MINS The historic addition on Friday of electric vehicle maker Tesla (TSLA) to the S&P 500 Index can and will be analyzed in several ways, but for anyone currently invested in any fund tracking the popular benchmark it effectively amounts to buying high. Beyond the unprecedented significance of the index reconstitution that represents the single largest addition in the history of the S&P 500, and among the largest equity trades in the history of the stock market, there is the reality that the barely profitable technology company is trading at a price-to-earnings ratio of 1,273 after a 2020 stock price gain of nearly 700%.

ETFs Drive U S Fund Flows in November

Editor s note: This is adapted from the Morningstar Direct U.S. Asset Flows Commentary for November 2020. Download the full report. During an eventful November that included the closely contested U.S. elections, progress on coronavirus vaccines, and the Dow Jones Industrial Average closing above 30,000 for the first time, investors plowed $112 billion into long-term mutual funds and exchange-traded funds. That was the second-largest monthly tally behind January 2013 s $117 billion and the most in the eight consecutive months of inflows since the markets sharp sell-off in March 2020. On the other side, money market funds had their sixth consecutive month of outflows. Digging deeper into November s long-term fund flows, the clear winner between the two investment types (open-end funds and ETFs) was ETFs. Their record $97 billion of inflows for the month easily topped the previous record of $62 billion. Investors primarily use ETFs for equity market exposure: About three fourths of

Vanguard achieves world s first trillion-dollar fund

Investment Week is hosting its Global Emerging Markets Briefing at a pivotal time for investors as they start to position for the recovery from the Covid-19 pandemic, although risks remain. During this interactive briefing, we will hear from a number of global emerging market managers about their response to the extraordinary events of the past year and their outlook for the rest of the year and beyond. The managers will identify where they are seeing the biggest opportunities and risks at the moment in emerging markets and explain the role their strategies could play in client portfolios. Attendees will also get the chance to network with peers, quiz our speakers, as well as benefit from CPD points

Активы индексного фонда впервые в истории превысили $1 трлн

Активы индексного фонда впервые в истории превысили $1 трлн
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