Some Star Stock-Pickers Are Still Shying Away From ETFs
If you’re looking to future-proof your business, why not launch an exchange-traded fund?
Fireworks during the Macy's Fourth of July celebration in New York, U.S., on Sunday, July 4, 2021.
Photographer: Jeenah Moon/BloombergWelcome to ETF IQ, a weekly newsletter dedicated to the $12 trillion global ETF industry. I'm Bloomberg News reporter and anchor Katie Greifeld.
Ron Baron is a legendary stock picker, and one of his favorite people to invest in is Elon Musk. In recent months, Baron Capital Management formed a pair of funds to invest solely in Musk’s xAI. Baron’s firm also started a private partnership to buy more shares of Space Exploration Technologies.