That demand hasn t gone away, Armando Senra, BlackRock s head of iShares Americas, told CNBC s ETF Edge in an interview Monday. You may have a little bit of a pullback in performance, but we continue to see the flows into offerings such as the iShares U.S. Infrastructure ETF (IFRA) and the iShares Self-Driving EV and Tech ETF (IDRV), he said. We re not just chasing one-year themes. We re looking for 10-year themes, Senra said, calling thematic investing a long-term growth story for us and for the industry.
While high-growth tech trades may take a back seat to value-based investments as the economic reopening gets underway, themes do have staying power, Salvatore Bruno, chief investment officer of IndexIQ, said in the same ETF Edge interview.
DBusiness Daily Update: Wilson Foundation Grants $500K to Detroit Riverfront Conservatory, Edmunds Projects Rise in Q1 New Vehicle Sales, and More
dbusiness.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from dbusiness.com Daily Mail and Mail on Sunday newspapers.
What we can learn from black-owned cooperatives: A force for change in critical moments
cuinsight.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from cuinsight.com Daily Mail and Mail on Sunday newspapers.