Collective Growth Corporation Class A Common Stock

CGRO

Expense ratios for exchange-traded funds (ETFs)—the measure of how much an investor must pay annually in order to invest in the fund—have trended downward recently. Passively managed funds had an average expense ratio of roughly 0.15% as of 2023, driven down in part by a highly competitive space in which providers race to undercut one another to provide cheaper and cheaper access.

PDD Holdings (PDD) hit a new 3-year high today. Ben Harburg discusses this, as well as the expectations for Chinese equities.