Another month, another all-time record for ETF (aka tokens with benefits) launches w/ 74.
Total launches this year are now 55% ahead of last year’s record pace and likely headed towards 1,000 or 4/day. Head spinning. Chart via @SirYappityyapp Source: Eric Balchunas, Bloomberg
On a 5-year basis Spanish Equity Index (in USD) is the best performing index among G20
Source: Winsmart
What a year for ETFs ‼️
ETFs crack $800b in YTD flows, that's a $5b/day pace. That puts them on pace to hit about $1.2T this year, a new record. Source: Bloomberg, www.zerohedge.com
‼️ For the first time ever
There are now more ETFs in the United States than total number of stocks, data compiled by Morningstar shows - Bloomberg. ~4,300 - Total number of ETFs. ~4,200 - Total number of stocks. Source: Bloomberg, ETF Tracker
Index investing vs active management
Source: Brian Feroldi
Gold ETFs Breach 92 Million-Ounce Threshold
Bloomberg's measure of total gold ETF holdings jumped to a two-year high. At 92.7 million ounces on Aug. 15, my graphic shows this metric surpassing the 92 million threshold first reached in 2020, but with a big difference - stock market volatility was rising then. Source: Mike McGlone, Bloomberg
It is often a very good sign when you see strong momentum & trend in a sector / segment of the market while fund flows are lagging.
This has been the case for gold miners (e.g VanEck Gold Miners ETF $GDX) - see chart below. We've seen the first significant inflow in the GDX in the last six months. Despite the great GDX performance of 45+% during this period, six-month net flows are still very negative at -$2.54B. 🪙👇 Source: Oliver Groß @minenergybiz
🔴 US President Trump says he is looking at reclassifying marijuana.
The weed stocks and AdvisorShares Pure Cannabis ETF ($YOLO) surged yesterday. ▶️ President Donald Trump said Monday his administration was “looking at reclassification” of marijuana and intends to make a decision in the upcoming weeks. ▶️ “It’s a very complicated subject base,” he said during a press briefing. “I’ve heard great things having to do with medical and bad things having to do with just about everything else.” ▶️ His comments come after a Friday Wall Street Journal report indicated Trump was considering reclassifying the drug as less dangerous. Source: Markets & Mayhem, Politico
