Loading…
Loading…
NIWM (NightShares 2000 ETF) is no longer actively trading.
This usually means the fund has been liquidated, merged into another product, or its ticker has been retired. Every price, valuation, dividend, and analyst figure on this page is frozen at the last available trading session and reads as historical reference — not a current-day signal.
As we head toward summer's end, ETF launches remain muted if this week is anything to go by, with only nine new funds debuting, a slight uptick from the week ended July 28. Perhaps most notably, JPMorgan rolled out another two actively managed ETFs on Monday that were converted from mutual funds.
The week ending Friday, July 21, has been busy for the ETF industry, though launches were muted. A total of seven funds rolled out, which suggests the market could be entering some kind of summer slump.
It's important that advisors using the night effect in portfolios can explain the phenomenon to clients. Advisors can leverage the night effect to enhance risk-adjusted returns for clients.
Many advisors misunderstand the night effect and how NightShares ETFs can enhance portfolios. The night effect is a powerful, persistent pattern seen in markets.
The overnight session's positive performance in May helped offset losses during the day in large- and small-cap stocks. The overnight trading session contributed all of large and small caps positive performance last month.
NightShares offers three ETFs designed to efficiently capture the night effect for investors. The night effect is a market anomaly whereby overnight markets have historically outperformed the daytime trading session on a risk-adjusted basis.
Investors can add the NightShares 2000 ETF (NIWM) to their small-cap allocation to smooth out volatility and enhance risk-adjusted returns. NIWM provides exposure to the night performance of 2000 small-cap U.S. companies (comparable to the night session of the Russell 2000).
Large- and small-cap stocks in May have seen a stable upward drift during the overnight trading session, only for the day session to claw back returns. The night effect is a persistent phenomenon whereby overnight markets have historically outperformed the daytime trading session on a risk-adjusted basis.