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
Wall Street has been rallying since the fourth quarter of 2020 on vaccine optimism.Moreover, hopes of fatter fiscal stimulus in the United States have been driving the broader market.
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
There are three broad reasons why our outlook for U.S. economic growth and the equity market continues to brighten. First, the U.S. Federal Reserve’s (the Fed) massive monetary support keeps increasing liquidity in the financial system. As exhibit 1 shows, M1 (currency, checking accounts, etc.) is growing quickly. While the Fed’s initial massive intervention was [...] Read more at ETFtrends.com.
The coronavirus crisis has dealt a huge blow to the telecom sector, with firms facing higher costs associated with bad debt, production shutdowns and expenses related to retail store closures, leading to lower equipment sales and advertising revenues.
Environmental, social, and governance activities may help drive better financial performance and improve risk management. NYU Stern Center for Sustainable Business, partnering with Rockefeller Asset Management, conducted a meta-study examining the relationship between ESG activities at organizations and their financial performance in more than 1,000 research papers over the last five years, Environment + Energy [...] Read more at ETFtrends.com.
ETF Trends CEO Tom Lydon discussed the WisdomTree China ex-State-Owned Enterprises Fund (CXSE) on this week’s “ETF of the Week” podcast with Chuck Jaffe on the MoneyLife Show. CXSE seeks to track the WisdomTree China ex-State-Owned Enterprises Index’s price and yield performance, which is a modified float-adjusted market cap-weighted index that consists of common stocks in [...] Read more at ETFtrends.com.
Copper exchange traded funds led the charge on Thursday as Chinese investors returned from a week-long Lunar New Year holiday and fanned the flames under the ongoing rally in the industrial metal. On Thursday, the United States Copper Index Fund (NYSEARCA: CPER) was up 2.5% and iPath Series B Bloomberg Copper Subindex Total Return ETN [...] Read more at ETFtrends.com.
U.S. markets and stock exchange traded funds tried to pare early morning losses toward the end of Thursday’s session. On Thursday, the Invesco QQQ Trust (NASDAQ: QQQ) was down 0.3%, SPDR Dow Jones Industrial Average ETF (NYSEArca: DIA) fell 0.2%, and iShares Core S&P 500 ETF (NYSEArca: IVV) was 0.3% lower. The equity markets have taken [...] Read more at ETFtrends.com.
In trading on Thursday, shares of the iShares TIPS Bond ETF (Symbol: TIP) entered into oversold territory, changing hands as low as $126.48 per share. We define oversold territory using the Relative Strength Index, or RSI, which is a technical analysis indicator used to measur
In trading on Thursday, shares of the SCHP ETF (Symbol: SCHP) entered into oversold territory, changing hands as low as $61.54 per share. We define oversold territory using the Relative Strength Index, or RSI, which is a technical analysis indicator used to measure momentum on
By Rebecca Felton Earnings Visibility Improving Last year during first quarter 2020 earnings season – the first period impacted by the novel coronavirus – we advised investors to pay attention to the words and tone used by management teams discussing current business conditions. Words mattered more than the numbers as Wall Street analysts were forced [...] Read more at ETFtrends.com.
As the environmental, social, and governance (ESG) investing space expands on a yearly basis, companies looking to create their own ESG programs have more and more access to sustainability best practices. A Forbes article recently highlighted the five keys to building a successful ESG program. Knowing Your Audience: “While the primary audiences for these efforts are [...] Read more at ETFtrends.com.
First Trust Advisors L.P., a leading exchange-traded fund provider and asset manager, announced on Thursday that it has launched a new actively managed ETF, the First Trust TCW Emerging Market Debt ETF (NYSE Arca: EFIX). The fund seeks to provide a high total return from current income and capital appreciation by investing in emerging market [...] Read more at ETFtrends.com.
A Brookings Institute article recently highlighted how the U.S. can take cues from China in order to advance their technological competitiveness. In the meantime, a pair of powerful China ETFs to consider are the VanEck Vectors China Growth Leaders ETF (GLCN) and the VanEck Vectors ChinaAMC SME-ChiNext ETF (CNXT). The article explained how China’s success can be [...] Read more at ETFtrends.com.
Megatrends like robotics and artificial intelligence have proliferated during the pandemic. ETF investors looking to get exposure to this disruptive technology can look to funds like the Global X Robotics & Artificial Intelligence Thematic ETF (BOTZ). BOTZ seeks to invest in companies that stand to benefit from increased adoption and utilization of robotics and artificial [...] Read more at ETFtrends.com.
After flexing its muscle for two years back to back on safe-haven demand, gold is likely to log a positive year in 2021 also. Gold bullion ETF SPDR Gold Shares GLD was up 17.6% in 2019 and 24.4% in 2020. So far this year, the bullion ETF has lost 4.3% against 4.8% gains in the
On Thursday, Wilshire Phoenix, a leader of innovation in the financial services industry, announced the Wilshire wShares Enhanced Gold Trust (NYSE Arca: WGLD). WGLD tracks the Wilshire Gold Index, which seeks to outperform a stand-alone investment in gold and reduce its volatility without the use of any futures, leverage, or derivatives. The launch of WGLD marks [...] Read more at ETFtrends.com.
As cryptocurrency investing continues to reach epic proportions, Canada is already rolling out its second crypto ETF. The Ontario Securities Commission (OSC) approved the second Bitcoin ETF from Evolve Funds, just days after the debut of the Purpose Bitcoin ETF. Per a Business Insider article, the fund “seeks to provide investors with exposure to the daily [...] Read more at ETFtrends.com.