Tagged: etfs

Fintech ETFs Record Significant Gains as Consumers Stay Home and Shop via Digital Commerce Platforms

As US residents continue to stay home, due to lockdowns following the COVID-19 outbreak, many consumers have been purchasing products and services from online merchants (instead of visiting physical store locations). A significant increase in e-commerce activity has led to the adoption of the latest… Read More

UP Fintech, a Digital Brokerage Firm Focused on Global Chinese Investors, to Enter Wealth Management Business

UP Fintech Holding Ltd, a major digital brokerage company focusing on global Chinese investors, has confirmed that it’s entering the wealth management and technology (Wealthtech) business. UP Fintech has introduced a product, called the “Fund Mall,” which offers a new wealth management feature that makes… Read More

Singapore-based Smartly, a Robo Advisory Platform, to Close Down Due to Increasing Competition in Wealth Management Sector

Singapore-based Smartly, a Robo-advisory platform, is reportedly planning to close down its business operations, due to intense competition in the wealth management and technology (Wealthtech) industry. Established in 2015 and acquired in 2019 VinaCapital, a Vietnamese investment management company, Smartly’s management has been struggling  to… Read More

Trillion Dollar Asset Manager Vanguard Now Offering Zero-Fee Online Stock and Options Trading

Pennsylvania-based Vanguard, a registered investment advisor with over $5.3 trillion in assets under management, announced on January 2 that it will be introducing zero-fee online stock and options trading to all Vanguard Brokerage clients. As mentioned in a release, this expands Vanguard Brokerage’s commission-free platform… Read More

Millennials are Increasingly Investing in Exchange Traded Funds and Cash Compared to All Other Generations, Charles Schwab’s Report Reveals

Millennials are allocating a relatively greater percentage of their investment portfolios to exchange-traded-funds (ETFs) and cash compared to other age groups, according to Charles Schwab’s SDBA indicators report. The report, which serves as a benchmark on retirement plan investments in self-directed brokerage accounts (SDBAs), tracked… Read More

SoFi Announces the Release of Two New Exchange-Traded Funds SoFi Gig Economy ETF (GIGE) and SoFi 50 ETF (SFYF)

Fintech unicorn SoFi announced on Tuesday the launch of its newest exchange-traded funds (ETFs), which are the SoFi Gig Economy ETF (NASDAQ: GIGE) and the SoFi 50 ETF (NYSE: SFYF). According to SoFi, the ETFs will further extend its approach of providing members access to… Read More

Here is the Letter Addressed to the SEC from the CBOE Encouraging the Commission to Move Forward with Cryptocurrency ETFs

CBOE Global Markets, operator of the Chicago Board Options Exchange – the largest U.S. options exchange, has sent a letter to the Securities and Exchange Commission (SEC) encouraging the regulator to move forward with cryptocurrency based Exchange Traded Funds (ETFs) or Exchange Traded Products (ETPs). CBOE… Read More

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