Ron Day

New York, New Jersey

Managing Editor at etf.com

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Articles

Vanguard Dividing Fund Lineups Between Two Teams

1 week ago | etf.com | Ron Day

The Vanguard Group is dividing its multi-trillion dollar lineup of ETFs and mutual funds—which includes the world’s largest ETF, the Vanguard S&P 500 ETF (VOO)—between a pair of investment advisor teams for the first time, as asset managers encounter an investing landscape reshaped by technology and the demand for fresh products.
ETF Spotlight: Assets Flee Wood's ARKK as Price Jumps

1 week ago | etf.com | Ron Day

Cathie Wood’s $6.2 billion ARK Innovation ETF (ARKK) has been the poster child for the superstar-run fund that’s been trying to regain its footing after a stunning tumble. The technology fund known for its bets on Tesla Inc. (TSLA) rose tenfold between February 2016 and February 2021, then lost nearly three-quarters of its value in the following two years as some of its high-risk investments failed to deliver.
ETF Fee War Winds Down as Active Funds Gain Market Share

1 week ago | etf.com | Ron Day

The rise of actively managed ETFs is bringing to an end the race to offer funds with the lowest fees. Actively managed funds now make up more than half of all exchange-traded funds, the total more than doubling over the past five years, Bloomberg recently reported. For years, much of the competition in ETFs revolved around offering products with the lowest fees. In some cases, no fees were charged on new funds to undercut rivals and quickly grab market share.
Stock ETFs Up, Oil Down as Israel-Iran Fight Looks Contained

1 week ago | etf.com | Ron Day

Broad equity ETFs like the Vanguard S&P 500 ETF (VOO) rose amid signs that missile fire between Israel and Iran, which hammered markets last week, won’t expand into a wider regional conflict as feared. Oil funds dropped after last week’s jump. VOO and the SPDR Dow Jones Industrial Average ETF Trust (DIA) added 1.1% around noon. Both dropped Friday following Israel’s bombardment aimed at crippling Iran’s nuclear-enrichment capabilities.
Israel-Iran Conflict Pushes Shipping, Defense ETFs Higher

2 weeks ago | etf.com | Ron Day

Shipping ETFs jumped and Israeli funds slipped after Israel’s attack on Iran’s nuclear-enrichment facilities and other sites sparked concerns about the region’s stability and ocean transit costs surged. The Breakwave Tanker Shipping ETF (BWET), which tracks futures contracts in the crude-oil-shipping market, jumped 11%. The Breakwave Dry Bulk Shipping ETF (BDRY), which provides exposure to ocean transit of dry-bulk transport for products like iron ore, coal and grain, jumped 1.2%.
VanEck, 21Shares Ask SEC to Reinstate First-to-File Approval

2 weeks ago | etf.com | Ron Day

The Securities and Exchange Commision should return to a practice that has permitted smaller fund issuers to compete on a level playing field with the industry’s biggest firms, according to a letter VanEck and a pair of other ETF issuers sent to the agency.
IBIT Hits $70B in Assets. What’s Next for the Crypto Beast?

2 weeks ago | etf.com | Ron Day

The iShares Bitcoin Trust (IBIT) just hit $70 billion in assets, faster than any ETF. It shows no sign of slowing. While it’s not BlackRock Inc.’s biggest exchange-traded fund—that would be the $591.6 billion iShares Core S&P 500 ETF (IVV)—it’s moving up the charts with a bullet. Launched in January 2024 among the initial pack of 11 spot Bitcoin funds, IBIT is now the 26th largest exchange-traded fund.
Ether ETF Inflows Surge, Adding Assets to BlackRock’s ETHA

2 weeks ago | etf.com | Ron Day

Spot Ether ETFs pulled in millions last week as recent developments, including favorable regulator comments, are building the case that the No. 2 cryptocurrency is becoming a more mainstream asset. The eight spot Ether exchange-traded funds, which began trading last July, pulled in net inflows of $326 million last week, according to FactSet data on etf.com. For the year, they’ve grabbed $1.7 billion, according to London-based CoinShares.
Interval Funds Having Big Year on Private Credit Demand

3 weeks ago | etf.com | Ron Day

Interval funds, a niche rival to ETFs and mutual funds, are having a big year as investors increasingly utilize the vehicle to gain access to private markets. Asset managers including TCW have launched new interval funds, while Blackstone Inc., Wellington Management and Vanguard Group issued a joint fund this year. Asset managers have launched 25 so far this year, bringing the market total to 139, according to Morningstar Direct.
JPMorgan Said to Allow IBIT as Collateral, Boosting Crypto

3 weeks ago | etf.com | Ron Day

JPMorgan Chase will begin accepting cryptocurrency investments, including BlackRock’s iShares Bitcoin Trust (IBIT), as collateral for some loans, according to a published report, further legitimizing the biggest cryptocurrency as a mainstream store of wealth. JPMorgan, the biggest U.S. bank, will permit trading and wealth-management clients to put up crypto-linked assets to back some loans, according to unnamed sources cited in a Bloomberg News story.