Results for: ETF

The Nationwide Nasdaq-100® Risk-Managed Income ETF (NUSI) seeks to generate high current income through a combination of dividends and options premiums. It uses an options collar to reduce volatility and provide downside protection. Despite its relatively low expense ratio, NUSI has underperformed its peers in terms of total return and risk-adjusted performance. QYLG is a better choice for investors seeking high yield and volatility, while QQQ offers the best risk-adjusted returns. NUSI’s income distributions are not reliable, making it unsuitable for investors seeking predictable income. Overall, NUSI has not demonstrated a compelling long-term strategy and is outperformed by other Nasdaq 100-Index funds.

The iShares Cohen & Steers REIT ETF (ICF) has underperformed its actively managed peer, the Cohen & Steers Total Return Realty Fund (RFI), over the past five years, highlighting the benefits of active management in the REIT sector. Despite the challenges faced by REITs in 2024 due to higher interest rates, ICF is nearing decade-low levels, offering potential value for long-term investors. However, new capital may be better allocated to actively managed REIT funds like RFI in the current market environment.

Zetrix Foundation, MY E.G. Services Berhad (MYEG), and MaiCapital, a licensed virtual asset manager in Hong Kong, have joined forces to launch a virtual asset fund or Hong Kong virtual assets exchange-traded fund (ETF) products. This collaboration aims to issue a Securities and Futures Commission of Hong Kong (SFC) approved ETF, consisting of a basket of cryptocurrencies, including Bitcoin and Zetrix, and potentially other suitable cryptocurrencies. The partnership aligns with MYEG’s strategic alliance with Web3Labs Hong Kong and Summer Capital, driving Hong Kong’s Web3 aspirations and positioning Zetrix as the preferred blockchain infrastructure for applications aligned with the Hong Kong government’s objectives. This timely collaboration comes as the SFC has begun granting approvals for spot bitcoin and ethereum ETFs to several asset managers.

Ark Invest, led by tech investor Cathie Wood, has experienced a dramatic 80% decline in assets under management over the past three years, falling from a peak of $59 billion to just $11.1 billion. This downturn is largely attributed to high interest rates and disillusioned investors withdrawing a substantial $2.24 billion from Wood’s actively managed funds in the third week of April 2024 alone. Ark’s flagship fund, the ARK Innovation ETF (ARKK) has witnessed outflows exceeding $1.3 billion this year, surpassing the $578 million outflow seen in 2023.

The Invesco S&P 500 GARP ETF (SPGP) is a well-positioned ETF for today’s economy, offering a combination of growth, value, quality, and safety. With its focus on the 150 fastest-growing companies in the S&P 500, stringent quality criteria, and a weight based on growth rate, SPGP has outperformed value stocks and the S&P 500 over the past five years. Despite being more volatile than the S&P, SPGP’s historical returns and forward cash-adjusted PE of 8.6 compared to the S&P’s 14 make it an attractive investment for long-term investors.

Cidara Therapeutics Inc.’s (CDTX) stock price has fallen by 24.4% to $0.52 on Monday after the company announced a 1-for-20 reverse stock split. This decision was approved by stockholders at a special meeting on April 4. The reverse split aims to consolidate the company’s shares and is expected to take effect soon.

In an attempt to prevent further losses, Grayscale has announced the launch of a new spinoff fund, Grayscale’s Bitcoin Mini Trust (BTC), with a reduced fee of 0.15%. This fee is expected to be the lowest among all available spot bitcoin ETFs. Grayscale hopes to regain popularity among investors with the introduction of BTC, as the company’s flagship Grayscale Bitcoin Trust (GBTC) has seen outflows over the past month. Other Bitcoin ETFs, such as BlackRock’s iShares Bitcoin Trust and Fidelity’s FBTC, have experienced significant inflows during this time.