The biggest topic for us over the past week has been China and their reneging of the “One Country, Two Systems” framework they signed with the British and Hong Kong back in the 1990’s.

Uncertainty in investing and the markets remains at the forefront for investors. The COVID-19 pandemic has seen market volatility spike to levels that rival history’s most extreme conditions. The descent from a record high in February to bear market territory in March was extraordinarily swift and acutely brutal.

After a decade of steadily increasing valuations, even a reasonable observer might have forgotten how hard it is to beat the market. Investors have, quite simply, enjoyed the longest running bull market on record. So, too, have mutual funds and exchange-traded funds designed to track the indexes. By all accounts, these passive approaches have provided just what they promised: Market-like returns with low fees.

Shelton Capital Management and ICON Advisers, Inc. today announced a planned restructuring of the ICON Funds into a Shelton Capital mutual fund trust. Under the proposed transaction, Shelton Capital Management will serve as the investment advisor to the ICON Funds and ICON Advisers will continue to handle daily investment management as a Sub-Adviser to a streamlined ICON domestic fund lineup.