Despite her flagship fund, the ARK Innovation ETF (ARKK), down 45% year-over-year, ARK Invest CEO Cathie Wood’s conviction of the strategy has only increased. “Our expectation has tripled over the last year for where AI-related market cap will be in 2030,” Wood said in an interview with Bob Pisani, senior markets correspondent for CNBC, at [...] Read more at ETFtrends.com.
Approximately 40% of Americans have experienced a heart-related issue since the onset of the COVID-19 pandemic, according to a study from the Cleveland Clinic. Lifestyle changes, stress, increased drinking, and issues gaining access to healthcare have all contributed to the spike in heart issues, alongside the general risk of heart disease itself. Heart disease includes [...] Read more at ETFtrends.com.
The digital story in Latin America is still in very early stages relative to both the U.S. and China and has potential to grow considerably, according to the latest monthly report from the Next Frontier Internet & Ecommerce ETF (FMQQ). As more countries, including Argentina, Brazil, Colombia, Mexico, and Uruguay, reach “internet critical mass” of around [...] Read more at ETFtrends.com.
Semiconductor sector-related exchange traded funds are attracting an influx of new money as investors bet on a resolution for supply chain problems and a global chip shortage. Semiconductor ETFs have attracted about $6.8 billion in net inflows since the start of the year, outpacing the $5.2 billion in inflows for the sector across all of [...] Read more at ETFtrends.com.
Thematic exchange traded funds are gaining wider acceptance as investors take on more focused plays to weave in and out of the global markets. Thematic funds have seen their share of the global investment market triple to 2.7% for all equity funds in the past decade, the Financial Times reports. Global equity-based thematic funds now [...] Read more at ETFtrends.com.
The Consumer Price Index came in higher than anticipated at 8.5% for March, and while stock markets in the U.S. initially rallied in the hopes that it might be the peak, many economists believe that inflation could remain substantial through the end of the year. The increases to consumer prices have happened at a rate [...] Read more at ETFtrends.com.
Inflation came in hot yet again in another record, rising to 8.5%, the fastest gain in 40 years, and while stocks initially rallied, they have since fallen as investors now await the Fed’s response in May via interest rate increases. Core inflation hit 6.5%, gaining 0.3% month over month, a decrease from February’s 0.5% gain, [...] Read more at ETFtrends.com.
Steel sector-related exchange traded funds are strengthening as the Russia-Ukraine war contributes to a shortage in pig iron used by U.S. steel companies. Over the past three months, the VanEck Vectors Steel ETF (NYSEArca: SLX), the lone steel sector-specific ETF, increased 22.3%. Pig iron, the main raw metal used in the production of steel, dwindled [...] Read more at ETFtrends.com.
Energy-related exchange traded funds led the advance on Tuesday, with crude oil prices bouncing back above $100, as the Organization of Petroleum Exporting Countries said that it would not be able to replace the hole left by Russian exports and China began to ease COVID-19 restrictions. Among the best-performing non-leveraged ETFs on Tuesday, the SPDR [...] Read more at ETFtrends.com.
Growth stocks and related exchange traded funds rallied on Tuesday after the latest inflation data revealed that consumer prices were largely in line with expectations. Growth stocks rebounded after taking a beating in the previous session in response to a spike in Treasury yields on expectations of an aggressive U.S. Federal Reserve monetary policy outlook [...] Read more at ETFtrends.com.
In trading on Tuesday, shares of the ProShares Short S&P500 ETF (Symbol: SH) crossed above their 200 day moving average of $14.52, changing hands as high as $14.56 per share. ProShares Short S&P500 shares are currently trading up about 0.6% on the day. The chart below
In trading on Tuesday, shares of the BBJP ETF (Symbol: BBJP) entered into oversold territory, changing hands as low as $47.455 per share. We define oversold territory using the Relative Strength Index, or RSI, which is a technical analysis indicator used to measure momentum on
In trading on Tuesday, shares of the NFRA ETF (Symbol: NFRA) crossed below their 200 day moving average of $57.10, changing hands as low as $57.04 per share. NFRA shares are currently trading down about 0.4% on the day. The chart below shows the one year performance of NFRA s
In a period of sky-high inflation, investors are looking for what real assets can offer: the potential for income and diversification. The Bureau of Labor Statistics’ Consumer Price Index (CPI) increased by 8.5% in March compared to one year prior, marking the fastest annual jump since 1981, eclipsing the previous 40-year record high rate of [...] Read more at ETFtrends.com.
In trading on Tuesday, shares of the iShares 10+ Year Investment Grade Corporate Bond ETF (Symbol: IGLB) entered into oversold territory, changing hands as low as $57.7501 per share. We define oversold territory using the Relative Strength Index, or RSI, which is a technical a
The Invesco S&P SmallCap Low Volatility ETF is seeing unusually high volume in afternoon trading Tuesday, with over 4.9 million shares traded versus three month average volume of about 113,000. Shares of XSLV were up about 0.1% on the day.
Investors are bombarded with headlines and tweets on interest rates, the economy, and other key issues, emphasizing the importance of advisors learning how to help clients stay focused on their long-term financial plans. Rather than reacting to every short-term movement and economic indicator, investors can benefit from tuning out the noise of short-term volatility and [...] Read more at ETFtrends.com.
The latest consumer price index report from the U.S. Department of Labor shows that inflation is still at a record high and continuing to climb. Inflation rose 8.5% in March over the last 12 months, the department announced on Tuesday. This is up from the 7.9% annual rate in February and the largest 12-month increase [...] Read more at ETFtrends.com.
The regulatory spotlight is on companies and their environmental, social, and governance claims. It would not be surprising to see this trend reverberate in the bond market, indicating that investors who want to embrace ESG fixed income strategies need to be selective. An idea to consider is the SPDR Bloomberg SASB Corporate Bond ESG Select [...] Read more at ETFtrends.com.
Inflation came in at another record high, this time reaching 8.5% for March in its fastest gain since 1981. The last seven days have seen cryptocurrencies falling as investors braced for the CPI announcement, with bitcoin’s correlation to risk assets remaining high, according to a report from Arcane Research. Bitcoin tends to be highly correlated [...] Read more at ETFtrends.com.