AN exchange-traded fund that is heavily weighted in Tesla saw a record inflow. Read more at The Business Times.
AN exchange-traded fund that is heavily weighted in Tesla saw a record inflow.
Investors added US$124 million to ARK Innovation ETF on Wednesday, according to data compiled by Bloomberg. So far this year, the"disruptive-innovation" fund has received almost US$3.1 billion, boosting its total assets to US$7.4 billion. ARKK has surged in popularity since the coronavirus pandemic rattled global markets, as traders seek to bet on companies developing groundbreaking technology.
The actively-managed fund led by Cathie Wood has a 77.4 per cent return year-to-date, placing it in the top five best performing equity ETFs, along with two of the firm's other products that focus on genomics and Internet technology.
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
There’s a New Dating App for Tesla-Owning ‘Elon Stans’If you own a Tesla, venerate Elon Musk like a religious icon and are looking for love, here’s some good news for you: there’s a new app in the works dedicated to fellow Tesla-owners and self-described Musk-lovers.The app, aptly dubbed Tesla Dating, will be an “exclusive community of like-minded Elon
Read more »
US existing home sales shoot to near 14-year high in JulyU.S. home sales rose at a record pace for a second straight month in July and home prices hit a record as historically low interest rates boosted ...
Read more »
There’s a New Dating App for Tesla-Owning ‘Elon Stans’If you own a Tesla, venerate Elon Musk like a religious icon and are looking for love, here’s some good news for you: there’s a new app in the works dedicated to fellow Tesla-owners and self-described Musk-lovers.The app, aptly dubbed Tesla Dating, will be an “exclusive community of like-minded Elon
Read more »
US House takes on Postal Service reforms seen as threat to mail-in ballotsWASHINGTON (REUTERS) - The Democratic-led US House of Representatives prepared to vote on Saturday (Aug 22) on providing the cash-strapped Postal Service with US$25 billion (S$34 billion) and block policy changes that have stirred concerns about mail-in balloting ahead of the Nov 3 election.. Read more at straitstimes.com.
Read more »
Toyota sees higher vehicle output in Japan in SeptemberToyota Motor Corp on Friday said its domestic vehicle production would be 1per cent higher than initially planned in September, as its plants ...
Read more »
Wall Street futures ease following Nasdaq's record close; business surveys on deckU.S. stock index futures ticked lower on Friday, a day after the tech-heavy Nasdaq closed at a record high, as investors awaited U.S. business ...
Read more »