BlackRock Plans New ETFs to Ride - Or Dodge - Biggest Tech Firms

Bloomberg08-09

(Bloomberg) -- BlackRock Inc. plans to put out a trio of exchange-traded funds that would allow investors to either go all-in on the biggest tech firms driving markets — or avoid them altogether. The ...

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Or Dodge - Biggest Tech Firms\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-08-09 00:35 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/blackrock-plans-etfs-ride-dodge-163550197.html><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>(Bloomberg) -- BlackRock Inc. plans to put out a trio of exchange-traded funds that would allow investors to either go all-in on the biggest tech firms driving markets — or avoid them altogether.\nThe ...</p>\n\n<a href=\"https://finance.yahoo.com/news/blackrock-plans-etfs-ride-dodge-163550197.html\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"META","symbol_name":"Meta Platforms, Inc.","start_time":0,"source_url":"https://finance.yahoo.com/news/blackrock-plans-etfs-ride-dodge-163550197.html","article_id":"2458138344","we_media_id":null,"thumbnails":["https://s.yimg.com/uu/api/res/1.2/wCYh3kcMpcZyr8_BFDemCA--~B/aD0xMzM0O3c9MjAwMDthcHBpZD15dGFjaHlvbg--/https://media.zenfs.com/en/bloomberg_markets_842/4788a62e02b87971c48404faf18089b6"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2458138344","pubTimestamp":1723134950,"columns":[],"sourceInfo":{"source_id":"yahoofinance","name":"雅虎金融"},"weMediaInfo":null,"summary":" -- BlackRock Inc. plans to put out a trio of exchange-traded funds that would allow investors to either go all-in on the biggest tech firms driving markets — or avoid them altogether.The world’s largest asset manager on Wednesday filed for the iShares Nasdaq Top 30 Stocks ETF as well as the iShares Top 20 U.S. Stocks ETF, which, if launched, would offer exposure to the biggest stocks within the tech gauge and the S&P 500, respectively.BlackRock’s filings to the US Securities and Exchange Commission come at a time of intense debate over stock-market concentration risk, which has been brewing as just a handful of equities — dubbed the Magnificent Seven — led the charge higher in the first half of the year.The Direxion Daily Concentrated Qs Bull 2X Shares  and the Direxion Daily Concentrated QS Bear 1x Shares  offer leveraged and inverse performance of an index tracking the Magnificent Seven, while two exchange-trade","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"META":"Meta Platforms, Inc.","IE00B19Z9505.USD":"美盛-美国大盘成长股A Acc","SSO":"两倍做多标普500ETF","LU1988902786.USD":"FULLERTON LUX FUNDS GLOBAL ABSOLUTE ALPHA \"I\" (USD) ACC","QQQU":"Direxion Daily Concentrated Qs Bull 2X Shares","NVDA":"英伟达","AMZN":"亚马逊","SPXU":"三倍做空标普500ETF","BK4525":"远程办公概念","TSLA":"特斯拉","SPY":"标普500ETF","MSFT":"微软","BK4577":"网络游戏","BK4527":"明星科技股","BK4579":"人工智能","SDS":"两倍做空标普500ETF","IE00BDRTCR15.USD":"PINEBRIDGE GLOBAL DYNAMIC ASSET ALLOCATION \"ADC\" (USD) INC A","OEF":"标普100指数ETF-iShares","IE0005OL40V9.USD":"JANUS HENDERSON BALANCED \"A6M\" (USD) INC","AAPL":"苹果","BK4588":"碎股","IE000W1ABFV2.USD":"PIMCO BALANCED INCOME AND GROWTH \"R\" (USD) INC","IE00BK4W5L77.USD":"HSBC GLOBAL FUNDS ICAV US EQUITY INDEX \"HC\" (USD) ACC","BK4503":"景林资产持仓","IE00BK4W5M84.HKD":"HSBC GLOBAL FUNDS ICAV US EQUITY INDEX \"HC\" (HKD) ACC","QQQD":"Direxion Daily Concentrated Qs Bear 1X Shares","LU0130102774.USD":"Natixis Harris Associates US Equity RA USD","OEX":"标普100",".SPX":"S&P 500 Index","BLK":"贝莱德","IE00B1BXHZ80.USD":"Legg Mason ClearBridge - 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That fund would conceivably allow investors to capture the boom in relatively smaller tech firms while avoiding the big behemoths.\nBlackRock’s filings to the US Securities and Exchange Commission come at a time of intense debate over stock-market concentration risk, which has been brewing as just a handful of equities — dubbed the Magnificent Seven — led the charge higher in the first half of the year.\nThe seven companies — Tesla Inc., Apple Inc., Meta Platforms Inc., Nvidia Corp., Alphabet Inc., Amazon.com Inc. and Microsoft Corp. — accounted for the majority of gains in the S&P 500 and Nasdaq 100, which sparked fears among market-watchers that those same firms would also drag the market lower when they sell off, something that’s proven prescient in recent days.\n“It speaks to the concentration dichotomy in the market,” said Athanasios Psarofagis, ETF analyst at Bloomberg Intelligence. “You’re either all-in on a few names or avoiding them altogether.”\nTech stocks staged a speedy ascent in the first half of the year, with the Nasdaq 100 posting double-digit gains through the end of June thanks to surges in the likes of Nvidia and Microsoft, as well as other firms tied to artificial intelligence. Over the past month, however, they’ve experienced some of the biggest declines within a market-wide selloff that’s dragged down other asset classes as well.\nDuring the first-half rally, many strategies tied to the big-tech behemoths became popular with investors. For instance, the Roundhill Magnificent Seven ETF (ticker MAGS) posted healthy inflows, said Todd Sohn, an ETF strategist at Strategas. Assets in the fund, which gives exposure to the seven largest companies, have grown to around $600 million from $35 million at the start of the year.\n“It seems like issuers are either a) leaning into the concentration aspect or b) attempting to provide solutions away from it, and iShares, just being the leader in ETFs, is there to provide whatever solution investors want,” said Sohn, referring to BlackRock’s ETF unit.\nApart from MAGS, other exchange-traded products offer variations on big-tech exposure.\nThe Direxion Daily Concentrated Qs Bull 2X Shares (QQQU) and the Direxion Daily Concentrated QS Bear 1x Shares (QQQD) offer leveraged and inverse performance of an index tracking the Magnificent Seven, while two exchange-traded notes from REX Shares offer exposure to the NYSE FANG+ Index. Invesco, meanwhile, has a S&P 500 Top 50 ETF that’s gotten inflows of $1.3 billion this year.\nAlthough there are already products out there tapping into the big-tech theme, there’s still room for new iterations, said Dave Mazza, chief executive officer at Roundhill Investments, which runs MAGS.\n“Anytime you see the success of a product, other fund providers look to see how they can enter the space,” he said. “Being precise is beneficial, but there’s space for people looking for different measures of precision.”\n©2024 Bloomberg L.P.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.3","shortVersion":"4.29.3","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2458138344"}