Hot Reads: State Street Merging 2 Small Cap ETFs
Plus, retail investors have purchased nearly $14 billion in Tesla stock in 2023.
State Street to Merge $1.8B ETF Into Larger Fund (Financial Times)
Asset manager will also close three smaller ETFs that track Bloomberg sustainable accounting SASB indices.
Tesla Stock More Popular Than Ever With Individual Investors (The Wall Street Journal)
Net retail purchases of the shares total nearly $14 billion so far this year.
Corporate Culture ETFs Gain in 2023 (MarketWatch)
Plus, data indicates that actively managed ETFs continue to pull in outsized flows relative to their size.
Bond Yields Just Keep Rising (Bloomberg)
Markets are calmer than they were six months ago, but interest rates are still creeping higher.
Will the Labor Market Inoculate the US Against Recession? (The Capital Spectator)
The poster boy for growth and thinking positively is the labor market, which continues to post strong gains.
Deals in Healthcare Tech Are Disappearing (Institutional Investor)
The slowdown is rippling across start-ups that provide technology services to the healthcare sector.
European Active Managers Blew Another Big Chance in 2022 (The Evidence Based Investor)
They simply failed to capitalize on the favorable market environment for active stockpicking and saw heavy outflows as a result, especially in the UK.
Britain’s Stock Market Has Languished—Its Gilt Market May Be Next (The Economist)
Over the next few decades, demand is set to slowly leak away.
