Morningstar Moments: What You Should Know About COP26 and Bitcoin ETFs
Have you seen Snap's stock lately?
1) Check on Your Portfolio, Climate Change Is Calling
The United Nations Climate Change Conference, aka COP26, begins Oct. 31 to figure out how to uphold net-zero pledges, protect the planet’s natural habitats, and more. Investors have a role to play in the fight against climate change, and it all starts with their portfolios. Jumping into sustainable investing can seem complicated, especially because of corporate greenwashing, but Morningstar has the tips and resources you need to make the right impact.
2) Think Before You Invest: Bitcoin ETFs
ProShares Bitcoin Strategy ETF made news as the first bitcoin-tracking exchange-traded fund ... but that doesn’t necessarily mean it is the best. With these funds, it is important to read the fine print: They invest in bitcoin futures contracts, not the bitcoin itself. Plus, the bigger these funds get, the more likely returns are to lag. Although there may be room for everyone, think before you jump onto the bitcoin ETF bandwagon.
3) The Big Picture: Snap's Third Quarter
Long story short, Snap did not have a great quarter. Advertiser hesitance, issues with Apple, and overall supply and labor shortages stole the focus from the company's better-than-expected user growth. Ultimately, we lowered the firm’s fair value estimate.
Carole Hodorowicz does not own (actual or beneficial) shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.