GXC

The longevity of one of the world’s largest exchange-traded funds no longer depends on a group of millennials.

The S&P 500 is up more than 5% since July 31, and that higher market would normally signal President Trump will remain in the White House.

The central banks have increased their assets by 38.5% in the last twelve months, which has had a profound effect on both the bond and equity markets globally.They have pushed down interest rates for their nations, in an attempt to control the debt of their respective governments, as all of the governments borrowed more and more money to support their economies during the pandemic.The ECB and the BOJ have pushed their yields below the once-unthinkable line of zero. The Fed may also be motivated into negative interest rates if the Democrats win the upcoming US elections.

Retail sales jumped to 3.3% YoY in September from 0.5% YoY in August. This big jump shows that consumption has further stabilised.Property investment grew 5.6% YoY YTD in September after 4.6% YoY YTD in August.Headline industrial production was 6.9% YoY in September, a moderate improvement from 5.6% YoY in the previous month.We are revising our China GDP forecast to 1.7% from 0.7% for the whole of 2020, and 5.5% YoY from 4.0% YoY for 4Q20.

Many of the biggest quant strategies in the stock market these days are plagued by doubt and debate. In fixed income, they just got a $25 trillion endorsement.

In the vast universe of ETFs, over the past year, ARK Invest runs 5 of of top 10 best performing ones.The ARKW: Next Generation Internet Fund is the second best performing ARK ETF so far this year (just behind the Genomics ETF).Today, I'll look at the ARK philosophy and what makes such a high-performing ETF like ARKW "tick".