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...Shares in DS Smith were down 1.7 per cent at 403p on Tuesday. Mondi declined to comment....
...How this translates to your own portfolio’s performance depends on the precise type of passive fund you have, but the dominance of the Mag 7 means they are making up a growing slice of global index tracking...
...But of those, the top 20 — eg, the Nasdaq, the Russell 2000, the MSCI Emerging Markets or the Bloomberg Aggregate family — account for $7.6tn of benchmarked and $12.2tn of indexed assets....
...Peter Sleep, senior portfolio manager at 7 Investment Management, concurred....
...demand, with the $6.8bn of net buying in April the second highest monthly reading since the start of 2023 — even as the Bank of Japan has ended its marathon 14-year ETF buying spree that has seen it pocket 7...
...These types of funds pulled in about 22 per cent of net ETF flows in March despite accounting for less than 7 per cent of the $8.9tn industry....
...said Peter Sleep, senior portfolio manager at 7 Investment Management....
...Active ETFs now account for 30.7 per cent of the $315bn Canadian ETF market, according to data from Morningstar Direct....
...Overall, active and passive ETFs pulled in nearly $195bn in the first quarter, with industry leaders BlackRock and Vanguard amounting for roughly half of those inflows....
...As a proxy for worldwide interest in the stocks, here’s a chart of Google searches for the “Magnificent 7 stocks”....
...“There was a huge outflow from ESGU and into QUAL as a result of BlackRock changing their weighting,” said Bryan Armour, director of passive strategies research for North America at Morningstar....
...“You can still buy some emblematic pieces for €5,000 or €7,000, and you’re starting to see the work in the decorating magazines now, and that shapes people’s taste.”...
...In contrast, US small-caps currently trade at a 13.7 per cent discount, while European large-caps are at a discount of 7.3 per cent and US large-caps a premium of 4.2 per cent, Cooper said....
...The company, founded in 1898 and based in Memphis, Tennessee, was worth about $18bn including debt in trading on Tuesday....
...Loewe wool Anagram sweater, £895, mytheresa.com Memphis Milano wood, laminate and painted-metal Hollywood side table, €5,100 The Elder Statesman cashmere Morph Striped pillow, £388, net-a-porter.com Louis...
...KRUZ has just a 3.8 per cent exposure to the Magnificent Seven tech stocks, compared with their 28.7 per cent weighting in the S&P 500 and 35.6 per cent share of NANC....
...Bryan Armour, director of passive strategies research, North America at Morningstar, broadly agreed with the findings....
...taken in $7.2bn, placing it 12th on the list....
...Global stock market concentration has risen to its highest level in decades, increasing risk for passive investors....
...We start the week with a scoop on the growing clamour for a 24/7 New York bourse....
...For the most part, Putin is a passive beneficiary of the fallout from the IDF’s Gaza operations. But his interests on this overlap with Netanyahu’s....
...Across all ETFs, regardless of whether they cut fees, 49.7 per cent increased annual net flows compared with the previous year, on average — only slightly lower than for ETFs that cut fees....
...Yet the $258bn Invesco QQQ Trust Series (QQQ), by far the largest and most liquid Nasdaq-tracking vehicle, attracted just $7.2bn last year, according to VettaFi data, far less than in 2020 or 2021....
...In 2023 active ETFs took 86.7 per cent of all net ETF flows in Korea, according to Morningstar....
...It calculates an investor switching £10,000 from the former to the latter would be £6,627 better off after 20 years, assuming a 7 per cent gross annual growth rate....
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