Few ETFs debut to as much fanfare as did the recently launched
The fund tracks the BUZZ NextGen AI US Sentiment Leaders Index. It employs leading-edge analytics to harness the collective conviction of millions of investors. The Index tracks the performance of the 75 large cap U.S. stocks that exhibit the highest degree of positive investor sentiment and bullish perception based on content aggregated from online sources, including social media, news articles, blog posts, and other alternative datasets.
Using social sentiment to glean insight about potential movements by individual stocks has been around almost as long as social media itself. Investors that are new to social sentiment and its applications may be surprised to learn that many of the early adopters of social sentiment in the financial markets were high-level, sophisticated market participants, including hedge funds and institutional investors.
Axis Mutual Fund on Wednesday launched an exchange-traded fund focused on technology stocks. The new fund, Axis Technology ETF, opens on Thursday and closes on March 23. It will track the Nifty IT index, and offers investors an opportunity to invest in the biggest IT companies, the fund house said. It said globally, passive funds have been the fastest growing investment segment over the past several years as investors have warmed up to their simplicity and low cost-efficient structures. Passive investing has been gaining ground over the last few years in the domestic market as well, primarily due to wider participation of retirement trusts and greater investor awareness and maturity.
After Rapid Growth, VanEck Slashing Fees on Its Bitcoin ETN
There’s still not a Bitcoin exchange traded fund in the U.S., but the
VanEck Vectors Bitcoin ETN (VBTC), which trades on Deutsche Börse Xetra, is proving so successful that the issuer is lowering the annual fee on the product.
“The VanEck Vectors Bitcoin ETN is a fully-collateralized exchange traded note that invests in bitcoin. The note seeks to replicate the value and yield performance of the MVIS CryptoCompare Bitcoin VWAP Close Index (MVBTCV Index),” according to the issuer.
VBTC is just a few months old and is already generating enough of a following that VanEck is cutting its fee in half.
With Dividends Solidifying Abroad, Consider the EDOG ETF
Emerging markets offer investors more income than many realize. Investors can tap into that theme with the
EDOG tracks the performance of the S-Network Emerging Sector Dividend Dogs Index. The index is comprised of the highest paying stocks, or ‘Dividend Dogs’, from the S-Network Emerging Markets Index, which holds large cap, emerging market stocks. The Dividend Dogs include the five stocks in each of the ten Global Industry Classification Standard sectors that make up the S-Network Emerging Markets.
While dividends are a popular investment style and have been for decades, there’s still substantial criticism around payouts. However, today’s low interest rates and anemic bond returns remind investors that some exposure to dividend payers is advantageous. EDOG was able to skirt much of last year’s dividend strife.
KARS follows the Solactive Electric Vehicles and Future Mobility Index, which is “designed to track the performance of companies engaged in the production of electric vehicles and/or their components, or engaged in other initiatives that may change the future of mobility. The Index includes issuers engaged in the electric vehicle production, autonomous driving, shared mobility, lithium and/or copper production, lithium-ion/lead acid batteries, hydrogen fuel cell manufacturing and/or electric infrastructure businesses,” according to KraneShares.
KARS offers global exposure. Chinese electric vehicle sales more than tripled for the month of January year-over-year, according to the China Association of Automobile Manufacturers. In Europe, sales of alternatively powered cars, which include batteries, hybrids, and biofuels, surpassed those of diesel-engined vehicles for the first time in the third quarter of 2020, and now make up a third of new passenger cars, according to the Europea