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2020 was the most lucrative year yet for the exchange-traded fund industry, with record inflows of $507 billion.
The ETF Store s Nate Geraci shares five predictions for the industry in 2021 with the stock market now sitting near all-time highs.
2020 was the most lucrative year yet for the exchange-traded fund industry, with inflows hitting a record $507 billion as investors funneled money into the products especially those run by the team at ARK Invest.
But with the market now sitting near all-time highs, what s in store for the ETF industry in 2021?
Genomics could be the next big thing in the biotechnology space. Similarly, the
Global X Genomics & Biotechnology ETF (GNOM) could be the next big fund, and is already up 10% to start the new year.
GNOM seeks to provide investment results that correspond generally to the price and yield performance of the Solactive Genomics Index that is designed to provide exposure to exchange-listed companies that are positioned to benefit from further advances in the field of genomic science and biotechnology, as well as applications thereof (collectively, “Genomics & Biotechnology Companies”), as defined by Solactive AG, the provider of the underlying index.
GNOM gives investors:
Here’s a quick primer on how the three ETFs might fit into your bond portfolio:
TIP: seeks to track the investment results of Bloomberg Barclays U.S. Treasury Inflation Protected Securities (TIPS) Index (Series-L) which composed of inflation-protected U.S. Treasury bonds. While the Federal Reserve appears unflinching when it comes to its stance to keep interest rates low, what will it do if inflation starts to rise? With the increased flows into TIPS to start 2021, investors and traders alike might be sensing that a healing economy will translate into higher inflation in the new year.
IGSB: With its low 0.06% expense ratio, IGSB seeks to track the investment results of the ICE BofA 1-5 Year US Corporate Index. The fund generally invests at least 90% of its assets in securities of the underlying index. The underlying index measures the performance of investment-grade corporate bonds of both U.S. and non-U.S. issuers that are U.S. dollar-denominated and publicly issued in the U.S.
Wealth One Bank of Canada announces a strategic partnership with Smart Money Invest to provide online investment advice to its clients
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TORONTO, Jan. 11, 2021 /CNW/ - Wealth One Bank of Canada, a Schedule 1 Bank, today announced a strategic partnership with Smart Money Capital Management Inc. (Smart Money Invest) to provide online investment advice to its clients. We are excited about our new partnership with the team at Smart Money Invest. We were drawn to their industry-leading technology and investment management capability when we began looking for a partner who could offer a superior online investing experience for our clients , said Paul Leonard, CEO of WealthONE Bank. Their commitment to delivering outstanding personalized service confirmed that we had found a partner who helps us expand our line-up of investment products and one who shares our mission of helping our clients choose safe, sound, investment solutio