Hot Reads: Soros Bets on Wood’s ARKK

George Soros Bought Options to Buy ARK Innovation Shares 
Call options bought in 4Q relate to 500,000 shares, valued at $15.62 million at the time of the contract. 

SEC Targets Built-In Marketing Fees in Mutual Fund-to-ETF Conversions (Financial Times) 
One question is whether 12b-1 fees levied on mutual funds can be used to promote them as converted ETFs. 

US Stocks Are Beating Everyone Else Once Again (Bloomberg) 
The popular view that the rest of the world will outperform the U.S. this year has just been rocked.  

Just How Bad Was 2022 for Endowments? (Institutional Investor) 
In the worst year for performance since the financial crisis, small funds took the hardest hit. 

World Won’t Decarbonize Fast Enough Unless Renewables Make Real Money (The Economist) 
Governments must accept that green power is pricey. 

Can We Get a Bubble With Higher Interest Rates? (A Wealth of Common Sense) 
Low rates can make it easier for bubbles to occur, but that doesn’t mean they don’t happen when rates are high. 

Billions Pouring Into Bond ETFs Are Bright Spot for BlackRock (Financial Times) 
The world’s largest asset manager dominates inflows into products attracting professional investors. 

ETFs Are Increasingly ‘Mainstream for Fast Money’ (MarketWatch) 
Options activity around ETFs has jumped largely due to investors using short-term trading strategies. 

Fed’s Move to Boost Rates Makes Winners Out of These ETFs (Barron’s) 
Fears of more Fed rate hikes benefit ETFs that do better in a risk-off environment, focused on dividends, quality and low volatility.