Gen Connectivity
the New York Stock Exchange
FIVG
ETF
BlackRock
Business Insider
IHS
CFRA
Morningstar
Wall Street Insider
Verizon
AT&T
Direxion
Vanguard
Paul Dellaquila
Todd Rosenbluth
Ben Johnson
Defiance
Matt Bielski
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Defiance
New York
US
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On Tuesday, the New York-based company launched the Defiance Next Gen Connectivity ETF, which trades on the New York Stock Exchange as FIVG, the first ETF to invest specifically in 5G. "For some investors, thematic ETFs have taken the place of stocks that offer long-term growth potential," Todd Rosenbluth, the head of ETF and mutual fund research for CFRA, told Business Insider. For asset managers, these long-term strategies can charge a premium price rather than face the same pressure to charge minimal fees in a race to the bottom for asset allocation products." Despite their popularity, Ben Johnson, Morningstar's director of fund research, cautioned that thematic funds sometimes "flame out in a catastrophic fashion." Many fund sponsors pick a theme relating to headlines - cybersecurity when major companies get hacked, for example - and launch funds that fail to gather significant money.
As said here by Meghan Morris