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The ETF Report

An exchange-traded fund (ETF) is a type of pooled investment security that operates much like a mutual fund. Typically, ETFs will track a particular index, sector, commodity, or other asset, but unlike mutual funds, ETFs can be purchased or sold on a stock exchange the same way that a regular stock can. An ETF can be structured to track anything from the price of an individual commodity to a large and diverse collection of securities. ETFs can even be structured to track specific investment strategies.

BlackRock pulling $2 trillion of assets out of State Street

BlackRock Inc. BLK -0.10% is pulling some $2 trillion of assets out of State Street Corp.’s STT -2.29% safekeeping, a move that will reduce the investing firm’s reliance on a small number of parties and lower the fees it pays for back-office work.

The new reality of the metaverse

Axios Media Trends reporter Sara Fischer and Defiance ETF CIO Sylvia Jablonski discuss which stocks will power the virtual world on 'Making Money.'