News Digest:

Many prominent thematic exchange traded funds (ETFs) of the recent bull market have suffered huge losses recently, amid wild price swings and short-term trading, even as combined assets of such trend-following investment vehicles have soared from $61bn at the end of 2019 to $237bn by the end of 2021.

Takeaway:

All ETFs tracking the four leading themes that received the highest inflows in 2020 and 2021 have registered a price decline of 25% or more over the past 12 months, as opposed to a double-digit positive return for the MSCI World Index.

End Notes

Source: https://www.ft.com/content/974efebb-64b8-4aa3-aea6-7ccaca6db8b9