Hints and tips:
...“This is clearly a faulty product, which reflects very poorly on Leverage Shares and further highlights the increased risks associated with using leveraged ETPs,” said Kenneth Lamont, senior fund analyst...
...“The big story is AI,” said Kenneth Lamont, senior fund analyst for passive strategies at Morningstar....
...“They are not active managers, traditional stockpickers, moving into the active ETF space per se,” Lamont said....
...“The gold rush for active ETFs in the US is skewing the stats,” Lamont said....
...However, Lamont said that “in many cases the outcome for investors would be similar” between synthetic and physical funds....
...“There is no reason why an individual investor should be buying these,” said Kenneth Lamont, senior fund analyst for passive strategies at Morningstar. “They are very high risk....
...“They service a market need, but most investors should not really be looking at them,” Lamont said. “They offer fringe exposures. They have always been a bit Wild West. Are they dead? No....
...Now it’s also available to smaller institutions and other intermediaries who know what they are doing,” Lamont added....
...Any untrammelled virgin soil has long since been exploited and any profit margins driven down,” Lamont said....
...Lamont said thematic funds were known for exhibiting “whipsaw” like returns, though....
...Vanguard only offers core products, iShares offers core plus,” Lamont said....
...Lamont, however, was more circumspect. “There is no doubt [the metaverse concept] has been enthusiastically received, but I think we should be sceptical.”...
...Lamont emphasised that these markets remained small, and in the case of Chile most of inflows were sucked up by just one fund, Singular Global Corporates, which invests in dollar-denominated debt issued...
...“A lot of these vehicles [crypto ETPs in general] have been created entirely to legitimise cryptocurrencies and bring them into the mainstream financial system,” said Kenneth Lamont, senior fund analyst...
...As a result, products are “being launched in anticipation of the next crypto bull run,” Lamont says....
...Asset values “took a real hit as they are tech heavy, but their flows have been very flat,” said Lamont....
...“There are clearly those with a bullish sentiment out there,” said Kenneth Lamont, senior fund analyst for passive strategies at Morningstar....
...Kenneth Lamont, senior fund analyst for passive strategies at Morningstar, believed the crypto sector could be another to bounce back....
...Lamont said the buying was geographically broad, with European-domiciled global emerging market bond funds seeing their biggest monthly inflow since 2013....
...These launches go one step further and allow investors to gain targeted exposure to different parts of the yield curve,” Lamont said....
...within the financial industry that certain portions of the retail investor community make bankably poor investment decisions, ie they buy at the top of the market and sell at the bottom,” said Kenneth Lamont...
...Kenneth Lamont, senior fund analyst for passive strategies at Morningstar, was less convinced, though....
...However, Kenneth Lamont, senior fund analyst for passive strategies at Morningstar, sounded a note of caution about the ETFs’ potential to generate alpha, or outperform the wider market....
...“[Active ETFs] are another space,” said Kenneth Lamont, senior fund analyst for passive strategies at Morningstar. “Active management has been squeezed. It’s trying to find new ways to invent itself....
...“These ETFs are by design high beta, outperforming the market in bull markets and underperforming in bear markets, and [are] long the momentum factor,” Lamont added....
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