ETF Of The Week: Quirky Steel Fund

Earlier this week, the U.S. quietly lifted its steel and aluminum tariffs on Mexico and Canada. The tariffs, which had levied a 25% tax on steel imports into the U.S. and a 10% tax on aluminum imports, have been in place for nearly a year, after trade talks between the U.S., Mexico and Canada had stalled. Easing these tariffs will likely smooth the process toward ratifying the USMCA trade deal, a three-nation pact designed to replace NAFTA. But it doesn’t seem to have done much good for the $59 million…

Why Marijuana Stocks Are Risky

Not everybody is bullish on marijuana. Ben Phillips, Chief investment officer of EventShares, warns investors to remain cautious on the burgeoning sector, because should cannabis ever be legalized in the U.S., “every incremental piece of demand will be met with oversupply.” Phillips is the portfolio manager for the $19 million EventShares U.S. Policy Alpha ETF (PLCY), a unique fund that tracks companies exposed to changes in U.S. government policy and regulation. The ETF takes long and short positions in companies exposed to several public policy themes, including innovation in health care, defense appropriations,…

ETF Of The Week: Cloud Computing Rises

In one of the better debuts for a thematic fund, the Global X Cloud Computing ETF (CLOU) is already up to $108 million in assets under management, after less than a month of trading. CLOU launched on April 12. Ever since, the ETF has steadily and organically attracted investor money (as opposed to a single day’s worth of seed capital pushing its net assets higher):   Source: ETF.com; date range: April 12-May 9. 2019   CLOU’s strong flows aren’t a simple matter of investors suddenly pouring cash into cloud computing funds. Over…

ETF Of The Week: Purest Play On IPOs

It’s a good time to go public. On the heels of big-name initial public offerings (IPOs) from Levi Strauss, Lyft, Beyond Meat and more, an additional nine companies are set to go public over the next week alone. Undoubtably, the highest-profile among these is the ride-hailing transportation company Uber, whose IPO is expected to raise $8.5 billion, in what could be one of the largest IPOs ever. (Use our stock finder tool to find an ETF’s allocation to a certain stock.) Furthermore, tech company Slack Technologies filed to go public sometime in…

ETF Of The Week: Big Bets On Long Treasuries

Someone is betting big on long-dated Treasury ETFs. Over the past week, there have been massive inflows into the iShares 20+ Year Treasury Bond ETF (TLT), which tracks U.S. government debt with maturities of 20 years or more. As of Thursday, April 25, investors had poured $2.1 billion in new net money into TLT in a single week, bringing the fund’s total assets under management to $12.6 billion. Year-to-date, TLT has had the third highest inflows of all ETFs, attracting more than $4 billion since Jan. 1:   Source: ETF.com; data…