On Wednesday, the De-SPAC ETF (NYSE: DSPC) and the Short De-SPAC ETF (NYSE: SOGU) began trading on the New York Stock Exchange. They are the first ETFs to offer pure-play exposure to a basket of de-SPAC’d stocks. De-SPACs are companies that come public due to a merger with a special purpose acquisition company (SPAC). High-profile de-SPACs include [...] Read more at ETFtrends.com.
As the equity markets reel, the CBOE Volatility Index and VIX-related exchange traded funds have jumped on the risk-off turbulence. On Wednesday, the iPath Series B S&P 500 VIX Short Term Futures ETN (NYSEArca: VXX) jumped 9.5% and the ProShares VIX Short-Term Futures ETF (NYSEArca: VIXY) advanced 9.1%, both breaking back above their short-term resistances [...] Read more at ETFtrends.com.
Dividends are working again. So are value stocks – they are one of this year’s best-performing investment factors. Advisors and investors can capitalize on that duo with the T. Rowe Price Equity Income ETF (TEQI). TEQI, a semi-transparent exchange traded fund, “invests at least 80% of its net assets in common stocks, with an emphasis [...] Read more at ETFtrends.com.
The SPDR— SSGA Multi-Asset Real Return ETF is seeing unusually high volume in afternoon trading Wednesday, with over 153,000 shares traded versus three month average volume of about 33,000. Shares of RLY were off about 1.7% on the day.
In trading on Wednesday, the Invesco Solar ETF is outperforming other ETFs, up about 2.8% on the day. Components of that ETF showing particular strength include shares of Daqo New Energy, up about 7% and shares of Enphase Energy, up about 5% on the day.
The complexion of the world’s energy mix is changing. Doors are opening for renewables, while many power providers are tiring of dirty sources like coal. An array of exchange traded funds, including the ALPS Clean Energy ETF (ACES), provide exposure to the new normal in the energy realm. Following the installation of 275 gigawatts (GW) of renewable energy around [...] Read more at ETFtrends.com.
With the FOMC Minutes coming Wednesday afternoon, stocks and ETFs tumbled overnight and into a third consecutive day session, as investors dumped cryptocurrencies, spurring additional selling in speculative areas of the market. After dropping 586 points at its low of the day, the Dow Jones Industrial Average rebounded somewhat, to trade off by 0.76%. With all [...] Read more at ETFtrends.com.
In times like these, investors can limit portfolio drawdowns by diversifying with fixed income exchange traded funds. While the equity markets pulled back, investors turned to safe havens, purchasing bonds and pulling yields on Treasuries down. Economic reports have reflected an economy that is recovering from the coronavirus pandemic, but traders have been betting on [...] Read more at ETFtrends.com.
Advisors are scrambling to locate and generate income for clients – a task being made more difficult by low U.S. government bond yields. Making matters all the more tricky is that the world is awash in low-yielding sovereign debt. Investment-grade corporate and municipal bonds aren’t setting the world ablaze in the yield department. Yet advisors [...] Read more at ETFtrends.com.
This morning saw mass chaos in the crypto markets, as Bitcoin fell 30%, leveling close to $30,000 at one point, and Ethereum losing more than 40% of its value, per the Financial Times. Traffic and sell-offs were so pronounced that Coinbase (COIN), Kraken, and Gemini, all main crypto exchanges, suffered outages or other technical difficulties. Major [...] Read more at ETFtrends.com.
Inflation is almost certainly the hottest topic in finance nearly five months into 2021. Currently, the Consumer Price Index (CPI) isn’t rising at an alarming rate, but the combination of rampant government stimulus, soaring commodities prices, and supply shortages, among other issues, has some market observers convinced material CPI increases are merely a matter of [...] Read more at ETFtrends.com.
Inflation is one of the biggest concerns for investors this year. According to Bank of America’s latest Global Fund Manager Survey, professional investors now see inflation and not Covid as the biggest ‘tail risk’ for markets.
By Kevin Nicholson, CFA, Global Fixed Income Co-CIO | Co-Head of Investment Committee Summary China may eventually have the world’s largest economy, but that alone will not make it the preeminent superpower. The US is nearly 6 times more productive per citizen than China. Despite China’s rise, the dollar remains the reserve currency of the [...] Read more at ETFtrends.com.
By Solomon G. Teller, CFA, Chief Investment Strategist, Green Harvest Asset Management Interest in tax beneficial investment strategies may increase dramatically if the proposed Biden tax plan becomes a reality. While federal tax rates have received much of the attention, state and local rates may be on the rise as well. The below map from the [...] Read more at ETFtrends.com.
By Solomon G. Teller, CFA, Chief Investment Strategist, Green Harvest Asset Management “To everything there is a season… A time to gain that which is to get, and a time to lose; a time to keep, and a time to cast away.” – Pete Seeger Yesterday, May 17th, was this year’s deadline for filing personal income [...] Read more at ETFtrends.com.
Wall Street has been on a tumultuous ride lately on rising inflation. This is especially true, as rising prices tend to squeeze margins and erode corporate profits for the growth companies, which usually have higher valuations.Notably, U.S. consumer prices climbed the most since
The financial services sector is one of the few groups that are positively correlated to rising Treasury yields. That group includes the Invesco S&P SmallCap Financials Portfolio (NYSEArca: PSCF). Small cap financials can pack are joining the large caps in the broader banking rally. PSCF is higher by 20% year-to-date, as of May 17. The [...] Read more at ETFtrends.com.
Nearly five months into 2021, it’s fair to say the once downtrodden energy sector is generating plenty of buzz. That’s lifting a slew of exchange traded funds, including the FlexShares Morningstar Global Upstream Natural Resource Index Fund (NYSEArca: GUNR). For investors previously burned by oil bear markets or those apprehensive about dedicated energy exposure, GUNR [...] Read more at ETFtrends.com.
In trading on Wednesday, shares of the BLOK ETF (Symbol: BLOK) entered into oversold territory, changing hands as low as $39.12 per share. We define oversold territory using the Relative Strength Index, or RSI, which is a technical analysis indicator used to measure momentum o
Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the SPDR— S&P 500— ETF Trust (Symbol: SPY) where we have detected an approximate $1.2 billion dollar inflow -- that's a 0.3% increase we