Overheard: A YouTube financial influencer who touted FTX puts your money where his mouth is
Fund management is a tough business and many ETFs fail to gain traction even when markets are frothy, which they aren’t at the moment. Luckily for Mr. Paffrath, being telegenic sometimes trumps actually enriching investors. A case in point is one-time star manager Cathie Wood, whose actively managed ETFs have badly lagged behind the market since early last year but continue to attract inflows. Ms.
will enter a deep recession and that, despite that, her fundMr. Paffrath, who couldn’t be reached for comment, will charge a slightly higher expense ratio than Ms. Wood does for her main fund—a bold move in a bear market for stocks and punditry. Perhaps that makes it a good time, though. As he hopefully said in a recent video: “We get to be a part of the rebound.”More than a fifth of the Meet Kevin Pricing Power Exchange Traded Fund is in shares of Tesla Inc., according to a securities filing.
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