As Canada cemented its lead in the emerging cryptocurrency space by approving three Ethereum ETFs last week, major assets managers are looking ahead by filing, or in some cases refiling, for Bitcoin-based exchange traded funds. Delaware-based investment advisory firm Kryptoin recently became the latest asset management firm to make such a move, last week refiling [...] Read more at ETFtrends.com.
Bitcoin has almost doubled this year and is up about 700% over the past year. After surging to more than $64,000 ahead of Coinbase’s (COIN) public listing last week, the digital currency plunged over the weekend. Turkish central bank’s ban on its use for payment, power outage
By Doug Sandler, CFA Summary We believe economic data clearly show that 2021 is going to be a banner year for the US economy. This will likely lead to greater optimism among consumers who now have the highest saving rate in more than 45 years, in our view. Be aware that the strong returns over [...] Read more at ETFtrends.com.
In a move toward the legalization of marijuana at the federal level, on Apr 19, the U.S. House of Representatives okayed legislation that would allow banks to provide services to cannabis companies in states where it is legal. So far, 36 states have legalized medical cannabis whi
Utilities stocks aren’t the first assets that come to mind when considering impact investing, but with certain strategies like the Virtus Reaves Utilities ETF (NYSEArca: UTES), investors can find some pleasant impact surprises in the sector. UTES seeks to provide alpha via a combination of capital appreciation and income. The only actively managed fund in [...] Read more at ETFtrends.com.
The SPDR— SSGA Income Allocation ETF is seeing unusually high volume in afternoon trading Tuesday, with over 127,000 shares traded versus three month average volume of about 32,000. Shares of INKM were off about 0.4% on the day.
In trading on Tuesday, the iShares Cohen & Steers REIT ETF is outperforming other ETFs, up about 1.2% on the day. Components of that ETF showing particular strength include shares of Prologis, up about 2.7% and shares of SBA Communications, up about 2.4% on the day.
Stocks and index ETFs are dropping again on Tuesday as investors disregard strong corporate earnings and sell their equities. The Dow Jones Industrial Average has declined 1% so far on Tuesday, while the S&P 500 has lost 1.07%. Meanwhile, the Nasdaq Composite led the drive lower, falling over 1.5%. Major stock ETFs are falling on [...] Read more at ETFtrends.com.
The materials sector, which tends to be the most-sensitive to global economic growth expectations, has been performing remarkably well this year on optimism that rapid COVID-19 vaccines and more stimulus will lead to faster-than-expected economic recovery.As such, the popular ETF
The VanEck Vectors Fallen Angel High Yield Bond ETF (NASDAQ: ANGL) is a surprisingly credible option for investors looking to elevate retirement income streams. ANGL seeks to replicate as closely as possible the price and yield performance of the ICE BofAML US Fallen Angel High Yield Index. The index is comprised of below investment grade [...] Read more at ETFtrends.com.
Having accurate and comprehensive data is critical to tracking the evolving European ETF universe. CFRA’s ETF dataset has included reference data for all global ETFs for several years. Today, CFRA announced we were expanding our data set to include constituent holdings coverage for all Europe-based ETFs. With this expansion, CFRA now has holdings and classifications data [...] Read more at ETFtrends.com.
The Invesco DWA Emerging Markets Momentum ETF (PIE) provides investors with a compelling alternative to the usual cap-weighted exchange traded funds that are so common in the emerging markets realm. PIE invests in public equity markets of the global emerging region. It invests in stocks of companies operating across diversified sectors. The fund invests in momentum [...] Read more at ETFtrends.com.
Environmental, social, and governance (ESG) funds, such as the FlexShares STOXX US ESG Impact Index Fund (CBOE: ESG) and the FlexShares STOXX Global ESG Impact Index Fund (CBOE: ESGG), have increasingly captive, large audiences. That bodes well for long-term adoption. The FlexShares ESG ETF seeks investment results that correspond generally to the price and yield [...] Read more at ETFtrends.com.
Wall Street has been enjoying continued ascent with the S&P 500 and Dow Jones hitting a series of record highs. The rally strengthened last week on a strong start to the Q1 earnings season and rounds of upbeat economic data, pointing to a rebound in consumer spending, sentime
China is rolling out a digital yuan, making the world’s second-largest economy the first major country to create its own digital currency. That move could have implications for an array of assets, fintech and otherwise. The digital yuan could disrupt the digital payments industry (which itself is a disruptive industry when compared with traditional payments [...] Read more at ETFtrends.com.
Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the First Trust Mid Cap Core AlphaDEX Fund (Symbol: FNX) where we have detected an approximate $285.3 million dollar outflow -- that's a 22.5% decrease
Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the First Trust Large Cap Core AlphaDEX Fund (Symbol: FEX) where we have detected an approximate $274.3 million dollar outflow -- that's a 19.3% decreas
The pandemic certainly put a re-emphasis on keeping healthy in terms of mind, body, and soul. ETF provider Amplify saw an opportunity and ran with it with the introduction of a new ETF that caters to clean living. Amplify is the same provider that launched other popular ETFs, such as Amplify Seymour Cannabis ETF (CNBS) [...] Read more at ETFtrends.com.
Looking at the underlying holdings of the ETFs in our coverage universe at ETF Channel, we have compared the trading price of each holding against the average analyst 12-month forward target price, and computed the weighted average implied analyst target price for the ETF itsel
Looking at the underlying holdings of the ETFs in our coverage universe at ETF Channel, we have compared the trading price of each holding against the average analyst 12-month forward target price, and computed the weighted average implied analyst target price for the ETF itsel