U.S. Stock ETFs Try to Stabilize Themselves after Morning Losses February 18, 2021
U.S. markets and stock exchange traded funds tried to pare early morning losses toward the end of Thursday’s session.
On Thursday, the
The equity markets have taken a breather after hitting record highs. Market observers warn of increased risks at these levels due to lofty valuations across various segments and the slow pace of the economy’s recovery, the Wall Street Journal reports.
Jason Pride, chief investment officer for private wealth at Glenmede, warned that the months-long rally suggests stocks now have high valuations, Reuters reports.
ETF investors can capture technology upside in the world’s second largest economy with funds like the
CQQQ is based on the FTSE China Incl A 25% Technology Capped Index. The Fund will invest at least 80% of its total assets in securities that comprise the Index, as well as American depositary receipts and global depositary receipts based on the securities in the Index.
The Index includes constituents of the FTSE China Index and FTSE China A Stock Connect Index that are classified as information technology securities, including China A-shares and China B-shares. The fund can be used as a multifaceted market tool, whether investors are looking for a buy-and-hold fund or a short-term gain play.
Press release content from Business Wire. The AP news staff was not involved in its creation.
Putnam Investments to Launch Active ETF Strategies
February 18, 2021 GMT
BOSTON (BUSINESS WIRE) Feb 18, 2021
Putnam Investments today announced that the firm will bring four of its key U.S. equity strategies to market this year in the form of semi-transparent active exchange-traded funds (ETFs), with the first of the products expected to be available in the spring, upon completion of the registration process. These offerings will represent the first ETF products provided by the company, which currently makes available an array of retail mutual funds, separately managed accounts, collective investment trusts, private funds and non-U.S. funds.
Key Takeaways
Equity mutual funds broke an almost year-long streak of weekly outflows as investors added a rare $1.2 billion into these products in the week ended February 10.
There have been only 14 weeks since the beginning of 2018 when equity mutual fund managers collectively had fresh cash to work with instead of dealing with redemptions.
In the last three calendar years, investors pulled $1.3 trillion out of equity mutual funds, with $1.1 trillion flowing into ETFs. CFRA does not expect the momentum to end as more asset managers are offering investors a choice of structures run by the same managers.
Fundamental Context
After 44 consecutive weeks of outflows, equity mutual funds gathered net new money. Equity mutual funds gathered $1.24 billion of net inflows in the week ended February 10, according to data from Investment Company Institute (ICI), an industry group representing mutual funds, ETFs, and other investment companies. This rare occurrence was driven by demand fo