<p><span>ETFs are increasingly becoming the incumbent in the global passive investment industry. In June 2021, global assets under management in index-tracking ETFs hit their new record of USD 8.66tn, which is merely USD 132bn short of assets in passive mutual funds. Building on the success of ETFs, CI Global Asset Management, a subsidiary of Toronto-based CI Financial Corp. (TSX: CIX, NYSE: CIXX), has licensed four Solactive indices to provide its clients three plain vanilla benchmark ETFs, including a broad Canada ETF, and two ETFs tracking the largest 500 and 1000 US companies, respectively. Furthermore, to allow investors to participate in the performance of global healthcare companies, CI Global Asset Management released an ETF tracking the leaders in global healthcare innovation.</span></p>
ETFs are increasingly becoming the incumbent in the global passive investment industry. In June 2021, global assets under management in index-tracking ETFs hit their new record of USD 8.66tn, which is merelyUSD 132bn short of assets in passive mutual funds. Building on the success of ETFs, CI Global Asset Management, a subsidiary of Toronto-based CI Financial Corp. (TSX: CIX,
<p><span><span>The ongoing COVID-19 pandemic put a strain on the global healthcare system. Businesses were required to innovate on short notice, catalyzing business transformations in the entire global healthcare ecosystem. Furthermore, companies faced massive restructuring in their infrastructure, workforce, and supply chain management. Despite these obstacles, healthcare companies gained space to innovate, resulting in a performance increase, which is expected to continue due to the additional focus put on healthcare companies and the trend of personalizing medication to account for patients’ individual requirements. Leading South African financial service company Sygnia released an ETF, the Sygnia Itrix Solactive Healthcare 150 ETF, tracking the largest 150 companies from the Developed Markets’ Healthcare Industries. The Solactive Developed Markets Healthcare 150 Index serves as the underlying for the ETF.</span></span></p>
DGAP-News: AUTO1 Group SE: AUTO1 Group begrüßt Aufnahme in die DAX-Indexfamilie finanznachrichten.de - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from finanznachrichten.de Daily Mail and Mail on Sunday newspapers.