NEW YORK, March 03, 2022 (GLOBE NEWSWIRE) — Following consultation with the Alerian S-Network Index Committee, Alerian S-Network Global Indexes will remove all Russian-linked index constituents from all Alerian S-Network Equity Indexes effective from the open on Monday, March 7, 2022. In accordance with the ‘Ongoing Maintenance’ standard of Alerian S-Network Global Indexes, all Russian-linked [...] Read more at ETFtrends.com.
By Natalia Gurushina Chief Economist, Emerging Markets Fixed Income Strategy Van Eck Associates Corporation Summary Russian assets are being expelled from global indices as the war continues. Global concerns about higher energy prices/inflation persist, but central banks in EMEA/LATAM and EM Asia are responding differently. Russian Sanctions The economic and market consequences of Russia’s military campaign in [...] Read more at ETFtrends.com.
In trading on Friday, shares of the SCHH ETF (Symbol: SCHH) crossed above their 200 day moving average of $48.03, changing hands as high as $48.10 per share. SCHH shares are currently trading up about 0.2% on the day. The chart below shows the one year performance of SCHH sha
Shake Shack, a popular burger chain known for its specialty shakes, has announced a current promotion that is rewarding customers with bitcoin who use the digital wallet Cash App from Block Inc., reports the Wall Street Journal. The promotion runs through mid-March and is giving customers 15% of their purchase back in bitcoin, as well [...] Read more at ETFtrends.com.
Russia’s invasion of Ukraine has led to the prospect of military spending going up, which in turn has led stocks in the aerospace and defense sector to rally. European countries have been building up their military capabilities and increasing their defense spending in response to the Russia-Ukraine war. Also fueling defense stocks are countries promising [...] Read more at ETFtrends.com.
Investors are turning to commodities exchange traded funds to ride the rally in raw materials as the Russia-Ukraine war and Western sanctions disrupt global supplies. For instance, the Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF (PDBC) has been a popular broad commodities play that provides exposure across a range of real assets, including [...] Read more at ETFtrends.com.
Natural gas-related exchange traded funds continue to burn bright as the Russia-Ukraine conflict fuels uncertainty in the energy markets. The United States Natural Gas Fund (NYSEArca: UNG) increased 4.8% on Friday. Meanwhile, Nymex natural gas futures surged 4.6% to $4.94 per million British thermal units. Since there were no real major day-to-day changes in weather or [...] Read more at ETFtrends.com.
A palladium exchange traded fund soared on Friday, with palladium prices briefly trading above $3,000 per ounce for the first time since May and nearing an all-time high, as supplies from top producer Russia came into question. The abrdn Standard Physical Palladium Shares ETF (NYSEArca: PALL) jumped 7.0% on Friday, with the palladium spot price [...] Read more at ETFtrends.com.
A nickel-related exchange traded fund is strengthening on Friday, with nickel prices breaking above $30,000 for the first time since 2008, as the intensifying conflict between Russia and Ukraine puts the industrial metal’s supply outlook at risk. The iPath Series B Bloomberg Nickel Subindex Total Return ETN (NYSEArca: JJN) jumped 6.5% on Friday. Meanwhile, nickel [...] Read more at ETFtrends.com.
The Russian invasion of Ukraine has seen sweeping sanctions enacted worldwide as countries target Russian institutions and individuals, looking to cut off Russia as much as possible financially. This has meant targeting the Russian central bank and removing Russia from the SWIFT messaging system that enables money to be sent and received globally. On top [...] Read more at ETFtrends.com.
War in Ukraine is having many broader, unanticipated effects in global markets, and one recent casualty has been the carbon markets, particularly within the EU. The EU Allowances (EUA) market has been particularly volatile, with some investors choosing to sit out any current price action on the sidelines, and technical levels being triggered and causing [...] Read more at ETFtrends.com.
The automotive industry has faced a supply chain crisis, a semiconductor chip shortage, and now war in Ukraine threatens to cause further disruption globally, reports the Wall Street Journal. Ukraine is a key producer of wiring harnesses that are used in cars to help connect components and the car’s wiring together. With suppliers and manufacturers [...] Read more at ETFtrends.com.
Disney’s (NYSE: DIS) announcement on Friday that it will introduce an ad-supported subscription option for its Disney+ streaming service at a lower cost than its ad-free subscription is bound to have an impact on such media-focused ETFs as the Invesco Dynamic Media ETF (PBS), the Invesco S&P 500 Equal Weight Communication Services ETF (EWCO), and the Invesco Dynamic [...] Read more at ETFtrends.com.
While the S&P 500 started the month on the front foot, up 1.6% at one point, risk appetite dramatically waned following Russia’s invasion of Ukraine and the subsequent sanctions by NATO allies, leading to the U.S. benchmark losing 3% in February, according to the February 2022 S&P 500 Factor Dashboard. One major highlight in February [...] Read more at ETFtrends.com.
Amid the Russian invasion of Ukraine, a sustained flight towards safety is ongoing as Treasury bonds continue to see interest from investors. “Every time there is any form of risk, like we see a dinosaur approaching the cave, we store our goods in the safest place that we have,” said Paolo Pasquariello, professor of finance [...] Read more at ETFtrends.com.
Amid first-quarter struggles for growth stocks, some members of this category are trading at discounts relative to their histories of often lofty valuations. Perhaps surprisingly, some names with the disruptive growth label are in the discounted growth stock conversation. That includes some members of the ARK Innovation ETF (ARKK). The actively managed ARKK is one [...] Read more at ETFtrends.com.
Political leaders in China are set to meet on Saturday to discuss the economy as well as current geopolitical issues. From that meeting is expected to come a new estimate for economic growth looking forward, and analysts are anticipating that this number will be lower for a variety of reasons. Last year, the gross domestic [...] Read more at ETFtrends.com.
The ALPS Sector Dividend Dogs ETF (SDOG) is a useful tool for achieving a diverse portfolio of large-cap U.S. stocks while also seeking to capture a meaningful dividend yield, generally maintaining a dividend yield much greater than that of the S&P 500, as well as exceeding many other dividend-focused ETFs. SDOG tracks the S-Network Sector [...] Read more at ETFtrends.com.
World leaders on Wednesday endorsed a resolution at the UN Environment Assembly in Nairobi to end plastic pollution and create an international legally binding agreement by 2024. The resolution, titled “End Plastic Pollution: Towards an internationally legally binding instrument,” was adopted at the conclusion of the three-day UNEA-5.2 meeting and addresses the full lifecycle of plastic, including its production, [...] Read more at ETFtrends.com.
As the Russia-Ukraine war further disrupts the global markets and further pushes up inflationary pressures, investors can turn to exchange traded fund strategies that could thrive in this type of environment. Federal Reserve Chairman Jerome Powell warned that Russia’s invasion of Ukraine will likely add to inflationary pressures due to the country’s role as a [...] Read more at ETFtrends.com.