A phenomenon consistent with the belief stock markets only go up is the ‘hold forever’ passive funds. At the end of 2021 these passive funds accounted for 16 per cent of US stock market capitalization. This overtook the 14 per cent held by active funds, according to the Investment Company Institute, an industry body. Significantly the all-time high of the US markets was seen at the end of 2021 and since then we have seen sharp selloffs. What I we … Continue reading “At US Stock Market Top Passive Funds Overtook Active Funds Ownership for First Time”
ARK Invest launched it’s first ETF in two years on Tuesday. ARK Space Exploration, which will trade under $ARKX top two holdings are Trimble and another Ark fund called the 3D Printing ETF $PRNT with weights of 8.6% and 6%. Other large stakes include Kratos Defense and Security Solutions $KTOS, L3Harris Technologies $LHC and JD.com $JD.