Impeachment Jitters Seen In ETF Flows

Everyone wants to know what the impeachment inquiry against President Trump will mean to markets and investor portfolios. You could say it will lead to more uncertainty ahead—more volatility—but beyond that, it’s anyone’s guess. Financial market coverage Wednesday, the day after the U.S. House of Representatives kicked off the inquiry, grasped for clues from the two previous impeachment attempts in U.S. history. In times like this, historical precedence can offer some guidance to those trying to guess the market’s next turn, as it’s said that history has a tendency to…

SoFi Refunds Investors Hit By Capital Gains from Proprietary ETFs

Financial technology company SoFi is offering refunds to investors hit by capital gains taxes following the change of replacing Vanguard funds with their proprietary ETFs in certain portfolios managed by their robo-adviser. While SoFi maintains the moves were made with the clients’ best interests in mind, they will still offer the refunds to those investors affected by the changes, which were done earlier this year. “In keeping with our commitments to put your interests first and to help you get your money right, we decided to take this action in…

Gold ETFs Top Daily Inflows

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State Street Cuts ETF Fees, Adds To ‘Portfolio’

Today State Street Global Advisors announced it has rebranded seven of its existing funds to include them in their family of low-cost core ETFs, known as the “Portfolio” ETFs. Seven funds were given new names, tickers and, in some cases, expense ratios. This brings the total number of ETFs in the SPDR Portfolio family to 22. Changes take effect Monday, Sept. 23. The affected funds are shown in the below table:     The fee reductions range from 0 to 20 basis points in size, with the largest for the…

Look Which Precious Metal Is Beating Warren Buffett…

By Frank Holmes, CEO and Chief Investment Officer for US Global Investors I want to begin this week by extending my most heartfelt condolences to my longtime friend Bob Moriarty, founder and editor-in-chief of 321gold.com. This week Bob lost his wife Barbara to a heart attack after 29 wonderful years of marriage. According to Bob, she was “the genius of 321gold.” Having known Barbara for years, I can say that she was much more than that—charming, gregarious and very, very funny. She is survived by Bob, her daughters, and granddaughters. To my…