The two companies say they’re in wait-and-see mode with active, non-transparent funds.
Over the past seven trading days, $4.6 billion has exited from a group of four ETFs.
The company is delisting nine securities worth nearly $3 billion, reducing the ETN industry’s size by more than a quarter.
ETFs thrived while the outbreak and recession disrupted much of the financial industry.
The Federal Reserve’s fingerprints are all over the bond exchange-traded fund market.
Portnoy has touted stocks like InspireMD and Smith & Wesson Brands, while dissing the acumen of Warren Buffett.
Fidelity is launching three ETFs that will partially conceal their holdings.
Fisher Investments suffered almost $4 billion in withdrawals last year after its founder made lewd comments at a conference.
Legg Mason is starting a value-focused ETF that will conceal its holdings.
Bond ETFs mostly did what advisors expected them to do during the pandemic volatility.
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