How Vanguard stacks up against BlackRock in -2-

New ETFs

Direxion said May 15 that it launched a pair of thematic funds designed to give investors a way to make bullish or bear bets on companies in artificial intelligence and big data, the Direxion Daily AI and Big Data Bull 2X Shares AIBU and the Direxion Daily AI and Big Data Bear 2X Shares AIBD. Macquarie Asset Management announced on May 15 the listing of the actively managed Macquarie Focused Large Growth ETF LRGG.

Weekly ETF reads

How one popular bond ETF is navigating sticky inflation fears to outperform (MarketWatch)Michael Burry's Scion dumps Alphabet and Amazon, buys shares of gold ETF (MarketWatch)Traders Fleeing 'Micro Bubbles' Yank Billions From Thematic ETFs (Bloomberg)China and ESG ETF closures soar in face of political backlash (Financial Times)BlackRock closes in on crown of world's largest bitcoin fund (Financial Times)BlackRock bullish on India, seeks to grow government bond ETF share (Reuters)T+1 will not be a 'slam dunk' for ETFs, industry insiders warn (Financial times)

-Christine Idzelis

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05-16-24 1647ET

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