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Nocturnal enigma targeted by ETF launches

Financial Times LogoFinancial Times1 mo ago

Nocturnal enigma targeted by ETF launches

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Its first two ETFs, the NightShares 500 ETF (NSPY) and the NightShares 2000 ETF (NIWM), will target the night performance of portfolios of 500 US large-caps and 2,000 US small-caps respectively, analogous to the S&P 500 and Russell 2000 indices.

Lavine said the income generated from this approach would offset the “great majority” of ETFs’ trading costs.

The first exchange traded funds aiming to cash in on the puzzle of the “night effect” launched in the US on Tuesday.


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Article Details

Author / Journalist: Steve Johnson

Category: MarketsFinanceInvesting

Topics: Nightshares Market Hours Trading Been Cent Night Research Funds

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2022-06-29, 04:00:59

News Timezone: GMT -5:00

News Source URL: ft.com

Language: English

Reading Time: 6 minutes read

Article Length: 976 words

Coverage Area: United States

Availability: Desktop Web, Mobile Web

News ID: 19627

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About Financial Times

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Main Topics: MarketsFinanceInvesting

Official Website: ft.com

Update Frequency: 15 posts per day

Year Established: 1888

Headquarters: United States

News Last Updated: 13h ago

Coverage Areas: United States

Ownership: Independent Company

Publication Timezone: GMT -5:00

News Language: English

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Publisher ID: #3

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