MarketWatch and ETF Wrap will, of course, continue to track all developments with the spending package and keep you up to date on the best ideas on how to play it all (here’s a roundup of ETF tips from Wednesday).
Generation X for the win! 20thCentFox / Courtesy Everett Collection
“For me, this is the ETF 2.0 target date,” said Nandakumar. “I love how he talks about the current challenges we face: the need for our portfolios to generate current income while at the same time seeking capital appreciation, the likelihood of inflation in the near term, and the very real challenge Gen X faces in carry the burden of supporting both boomers and millennials in their lives. Well done! “The real gimmick (ahem, the symbol) of Jennifer Fitzpatrick’s winning submission is also best described in the author’s own words:” Unfortunately, GENX is already bought by some pharmaceutical company. I’d call this one JENX. ” . Fitzpatrick is a 47-year-old retired (yes, retired) former litigator and self-taught investor with a passion for personal finance. He uses ETFs, which he prefers to individual stocks, to express investment convictions. On the day he spoke to ETF Wrap, he was considering investing in an IAU gold ETF, + 1.29%, and pointed out the attractive entry points and the fact that “this market doesn’t seem to know what it wants to do with itself. “Fitzpatrick is not a sandwich girl; her parents are still in good health, she said, and she has no children. But she observed a colleague who had the same workload as her, in addition to the care tasks, and does A few years ago, on a business trip with time to kill at the airport, “I started doing a strange experiment, [thinking about] Where would you put your money? That’s where the idea came to me. “” My husband says it’s my hobby, “she said,” but I do it as a thought experiment most of the time. It took 8 to 9 years of systematic and disciplined shopping “to to be able to retire so young, he noted. As stellar as JENX was, the ETF chosen as runner-up also spoke with Nandakumar. Its creator, La Juana (LJ) Chambers Lawson, is also an amateur investor who loves learning about the process. Professionally, is the founder and CEO of Tacit Growth Strategies and the best-selling author of “Master Grant Writing: A Project Manager’s Guide.” “My ETF idea is ready to go because it is an investment in freedom, localized control and justice,” wrote Lawson in its entry. “It is an idea rooted in human rights that is for the type of ESG investment that helps minority communities by empowering them to create, own and sustain for generations.” The ETF would seek to fund minority LLCs Ethnic s and women based in the US, with a primary interest in Black and Indigenous business owners lacking known family ties to nations outside the US, Knowledge-based and / or professional service US SBA Certified Minority Business Company. His ticker, appropriately, would be MBE. Nandakumar applauded the setting in the background. It would employ “ESG practices that appear to be more specific and stringent than what appears to be currently available in the form of ETFs, such as board diversity targets, equal pay reporting and supplier diversity programs,” he said. “It would also offer exposure to a select group of minority- and women-owned business enterprises. [official MBEs] that have already been vetted and are receiving support from the fund sponsors separately. While it could be argued that this represents two separate fund ideas, exposure to established companies could help reduce the volatility of exposure to smaller companies, so you could see that this could work in just one fund. ” Explore what digital tokens and bitcoin mean to your wallet at a two-day event, Investing in Crypto, on April 7 and 14 at 1 p.m. ET. MarketWatch and Barron’s reporters will bring together top experts, including Michael Novogratz of Galaxy Digital; Securities and Exchange Commissioner Hester Peirce; Sheila Warren, Deputy Director of C4IR at the World Economic Forum; and more. Register now! Innovator Capital Management, pioneers of the “defined result” ETF strategy, announced a new class of funds that were launched on April 1. Innovator Accelerated ETFs seek a higher return multiple of a benchmark asset, up to a cap, with exposure to the downside. For example, the Innovator US Equity Accelerated – April ETF will seek to double the upward performance of SPY SPY, + 0.77%, to a cap, with a single exposure to the downside, over a one-year period. Alternative investment managers XS Investments announced Wednesday the hiring of ETF pioneer Ben Fulton as Managing Director for Global Business Development. Fulton has been in the industry for over 35 years and is known for his time at PowerShares, during which he oversaw product development and then led the global ETF business for Invesco. Is there an ETF for that? By now, you’re probably familiar with the idea of multi-source investing strategies – you’d have to be living under a rock, or perhaps in a custom basket, to have missed the eye-catching display of one of the new entrants to that space. But it’s not a new idea, and a fund advisor that has used the strategy quite successfully over the past two years would like you to know what makes it different. The SoFi 50 SFYF ETF, + 0.93% tracks an index of the 50 stocks most frequently held, and with the highest dollar weight, on SoFi brokerage accounts. It’s a “smarter” way to collectively invest than simply relying on social media conversations, said David Dziekanski, portfolio manager at Toroso, an advisor to SFYF. “What we say to the world and what we do can be two very different things.” Those two displays, which Dziekanski describes as a selection for both breadth and conviction, produce a diverse list of investments, what he calls “a unique yin and yang.” Tesla Inc. TSLA, + 1.52% has long been “a stalwart”, but there are also growing names like Amazon.com Inc. AMZN, + 1.24% and NVIDIA Corp. NVDA, + 2.76% , as well as cyclicals such as Ford Motor Co. F, -1.47% and Southwest Airlines LUV, + 0.25%. The index rebalances on a monthly basis, which means that “it’s not always rotating towards the craziest names that are at the top of the news cycle,” Dziekanski said. Waiting a bit until the hottest fashions have proven their staying power adds momentum to breadth and conviction, he notes. So far this year, the fund has risen 8.1%, better than the SPX of the S&P 500, + 0.89% 5.8%, and in the last 12 months it has had a return of 99.5% . The year-to-date performance may be somewhat influenced by the presence of some of the favorite meme stocks of the Reddit crowd, such as GameStop Corp. GME, -0.07% and BlackBerry Ltd. BB, + 4.16%. The fund charges a fee of 29 basis points and has $ 16.2 million in assets, according to FactSet data. Visual of the week
Weekly Rap Top 5 Winners of the Last Week First Trust Nasdaq Retail ETF FTXD, -0.17% 9.3% VanEck vectors Rare Earth / Strategic Metals ETF REMX, + 1.78% 9.1% Invesco S&P SmallCap Consumer Discretionary PSCD ETF, -0.15% 9.1% Invesco S&P SmallCap Value with Momentum ETF XSVM, -0.11% 8.1% VanEck vectors Steel ETF SLX, -1.69% 7.7% Source: FactSet, up to Wednesday March 31st, excluding ETNs and leveraged products Top 5 losers from last week AdvisorShares Pure US Cannabis ETF MSOS, + 4.09% -9.7% iShares Evolved US Media and Entertainment ETF IEME, + 0.55% -5.8 % Roundhill Streaming Services & Technology ETF SUBZ, + 1.51% -5.8% Global X Education ETF EDUT, + 2.91% -4.9% Sprott Junior Gold Miners ETF SGDJ, + 1.60% -4.7% Source: FactSet, until close of business on Wednesday March 31st, excluding ETNs and leveraged products MarketWatch has launched ETF Wrap, a weekly newsletter that gives you everything you need to know about e The Listed Sector: New Fund Debuts, How to Use ETFs to Express an Investment Idea, Industry Changes and Regulations, Inputs and Performance, and More. Sign up at this link to have it delivered directly to your inbox every Thursday.