Investors are increasingly drawn to exchange-traded funds (ETFs) for passive income and capital growth, with demand surging recently. By June, European ETFs surpassed $2 trillion in assets under management, with a notable 88% year-on-year increase in funds raised.

Two notable ETFs for passive income are the iShares Euro Dividend UCITS ETF, which offers a 6% yield, and the L&G Quality Equity Dividends ESG Exclusions UK UCITS ETF, with a 4.6% yield. Both funds provide solid dividend income and diversification, though they have their own risks, including economic downturns in their respective regions.

ETFs offer significant advantages, such as risk management through diversification across various assets, including stocks, bonds, and commodities. While individual stocks might yield higher returns, ETFs can still be highly profitable over time.

Finsum: Now might be an important time to diversify to the UK with elections and interest rate volatility shocking U.S. and Asian markets. 

In 2023, pickleball’s popularity surged, with 13.6 million Americans taking part, almost matching baseball's 16.7 million players. This represents a significant increase from the previous year, continuing the sport's rapid growth. The rise in core participants, those playing frequently, grew by 111%, highlighting a dedicated player base.

Other sports also saw increases, with off-course golf, ice skating, and bowling all experiencing growth. Overall, 78.8% of Americans engaged in sports or physical activities, marking a steady increase over recent years, particularly among those aged 65 and older.

While team sports faced a decline in core participation between 2019 and 2022, 2023 showed a rebound, with notable increases in indoor soccer and team swimming. 

Finsum: In many ways recreational facilities are becoming total social experiences offering the necessities for an ongoing communal experience. 

The Supreme Court's recent decision to overturn the "Chevron deference" doctrine is expected to significantly impact the financial industry, creating greater regulatory uncertainty. This doctrine, based on a 1984 precedent, previously allowed government agencies to interpret the laws they administer with substantial autonomy. 

Experts like Prof. Richard Lazarus from Harvard Law School anticipate that the ruling will disrupt the legal system, as much of lawmaking over the past 40 years relied on Chevron deference. Regulatory agencies such as the SEC, Federal Reserve, OCC, CFPB, and CFTC will now need to draft rules more carefully to align with specific statutory language. 

Despite the potential for less regulation, large banks and industry groups have largely remained silent on the decision, though the American Bankers Association has expressed that the ruling underscores the necessity for federal agencies to operate within their statutory limits. 

Finsum: We’ll see how tightly regulation becomes as an issue leading into falls major election.