Main International ETF

During 2023 the trend for mutual funds converting into exchange traded funds grew, and this is expected to continue in 2024 as the popularity and ease of investment in ETFs drives the market forward. Darol Ryan, managing partner at Main Management, said ETFs have taken over the mantle from mutual funds. “ETFs are easier for both institutional investors and private investors to access. They are also more transparent and more tax efficient,” he said in an interview with Benzinga. Main Management has four major investment offerings, all of which are ETFs-of-ETFs — where all holdings are composed of other exchange traded funds. “We’re not focused on buying individual stocks,” said Ryan, “We’re buying geographical locations we like and sectors we like.” Tracking The S&P 500 Main’s most popular, and most liquid ETF, with total assets worth nearly $1.6 billion, is its Main Sector Rotation ETF (NYSE:SECT), which is its core U.S. strategy ETF, finding the best sectors in which to be invested. While it doesn’t aim to ...Full story available on Benzinga.com

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The sublime performances of Nvidia (NASDAQ:NVDA) and Meta Platforms (NASDAQ:META) stood out on the S&P 500 index as the best two equity gains of 2023. The comeback of Big Tech was celebrated with a new name for the top stocks: The Magnificent Seven. These so-called Mag7 stocks are: Nvidia, which gained nearly 240% in 2023 Meta, up nearly 200% Tesla (NASDAQ:TSLA), with gains of 112% Intel (NASDAQ:INTL), which added 90% Amazon (NASDAQ:AMZN), which gained 83% Alphabet (NASDAQ:GOOGL) up 60% and Microsoft (NASDAQ:MSFT), which climbed 56%. Mag7 gains in 2023 were responsible for a third of the total performance on the S&P 500 index, and on the SPDR S&P 500 ETF (NYSE:SPY), the exchange-traded fund that tracks the index. Both entities gained 25% during 2023. But too much has already been written about these undoubted champions and, as the year closes, we’d like to celebrate some of the performances that outshone even Nvidia’s. But we’ll have to move outside the large caps ...Full story available on Benzinga.com

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