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Thematic ETFs investing in everything from meme stocks to space travel have boomed - but they're expensive and don't beat the market, JPMorgan says

4 monthes ago   |   By Business Insider

Catherine Wood, chief executive officer and chief investment officer, Ark Invest. Patrick T. Fallon/Getty Images The allure of investing in next-generation themes like robots and space travel doesn't lead to outperformance for investors, according to JPMorgan. The bank analyzed the performance of various thematic ETFs and found they're expensive and often pay high prices for "hot" stocks. "High expenses and negative long-term alpha suggest the universe of thematic funds does not belong in one's strategic asset allocation," JPMorgan said. Sign up here for our daily newsletter, 10 Things...
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