By Eric Fine, Portfolio Manager, VanEck China cash squeeze continues. Chinese authorities remain focused on risks around speculation, and are continuing their liquidity crunch. Overnight interbank borrowing rose 29bp to 3.34% today, a level last seen in March 2016. This rate was 0.6% at the beginning of January, and it is now higher than the yield of [...] Read more at ETFtrends.com.
President Biden wants to cancel student debt! That means every American’s college loans are about to be wiped clean, right? Well, not so fast… After all, we’re talking about a $1.7 trillion tab. But Biden does have a plan which will help with some of the damage… Specifically, he wants to cancel $10,000 of student debt, per [...] Read more at ETFtrends.com.
By Jeremy Schwartz, CFA, Global Head of Research; Kara Marciscano, CFA, Senior Research Analyst Our world was already becoming increasingly dependent on digital infrastructure, and then the COVID-19 pandemic catapulted digital transformation to the top of the priority list. Security and privacy are at the epicenter of this complex and interconnected network of systems and devices. [...] Read more at ETFtrends.com.
Real GDP rose by an annualized 4.0 percent in the fourth quarter, in line with expectations, as capex and residential investment both remained in outsized recoveries. Consumption was higher by 2.5 percent, although this likely overstates the trend into the end of the year given the sharp declines in control retail sales in November and [...] Read more at ETFtrends.com.
Biotechnology stocks and sector-related exchange traded funds stood out Friday after regulators breathed new life into Biogen (NasdaqGS: BIIB) and its partner Eisai Co. (ESALY) on a new Alzheimer’s drug candidate. Among the top performing non-leveraged ETFs of Friday, the VanEck Vectors Biotech ETF (BBH) rose 2.1% and iShares Nasdaq Biotechnology ETF (IBB) gained 0.6%. [...] Read more at ETFtrends.com.
After declining steadily since last April and undergoing a quiet consolidation since November, market volatility, as measured by the VIX, posted its biggest jump in two years this week after market participants saw one of the sharpest sell-offs in the S&P 500 since October. The Cboe Volatility Index, also known as the VIX, or ‘fear [...] Read more at ETFtrends.com.
A number of fund strategies have come out to capitalize on the growing popularity of socially responsible investments that track factors like environmental, social, and governance principles, but the final investment products may not always adhere to strict ESG criteria. The European Securities and Markets Authority (ESMA) has urged the bloc’s executive European Commission to [...] Read more at ETFtrends.com.
The rally in GameStop (NYSE: GME) has helped propel a retail sector-specific exchange traded fund, but investors have been dumping the fund in droves. The SPDR S&P Retail ETF (XRT), which includes a 12.4% position in GME, increased 29.0% year-to-date. Yet XRT has suffered about $700 million in net outflows this week alone and now [...] Read more at ETFtrends.com.
Novavax NVAX is a formidable name on the list of companies, which are working on a vaccine. Shares of the company have gained a whopping 1,769% in the past year. It recently announced very encouraging updates on its protein-based COVID-19 vaccine candidate NVX-CoV2373. Per manage
U.S. markets and stock exchange traded funds retreated Friday after Johnson & Johnson’s inefficient Covid-19 vaccine dinged sentiment. The ongoing fight between institutional investors and retail traders added to fears of a bubble. On Friday, the Invesco QQQ Trust (NASDAQ: QQQ) fell 1.8%, SPDR Dow Jones Industrial Average ETF (NYSEArca: DIA) was down 1.9%, and iShares [...] Read more at ETFtrends.com.
One of the first things on President Biden’s agenda was to rejoin the Paris Climate Accord. Just yesterday, he announced executive actions to address climate change, emphasizing the importance of job creation in “green” industries and establishing goals to achieve a carbon pollution-free power sector by 2035. His efforts to re-involve the U.S. on the [...] Read more at ETFtrends.com.
Forget about the Covid-19 pandemic; it seems the major mover of markets these days has more to do with investor forums like Reddit. Silver could be the next target, which could give funds like the Invesco DB Silver Fund (DBS) a boost. “Silver futures prices and shares of silver miners climbed Thursday after a user in [...] Read more at ETFtrends.com.
The latest existing home sales data has pleased investors. Notably, the pandemic-hit 2020 saw existing home sales reach the highest level since before the Great Recession. This was highlighted in the National Association of Realtors’ (NAR) report, which also showed a 0.7% month
In modest allocations, emerging markets assets are functional in retirement portfolios and that’s particularly true on the fixed income side. Enter the VanEck Vectors Emerging Markets Local Currency Bond ETF (NYSEArca: EMLC). EMLC seeks to replicate the price and yield performance of the J.P. Morgan GBI-EM Global Core Index. The index is comprised of bonds issued [...] Read more at ETFtrends.com.
After a respite on Thursday, stocks and index ETFs tumbled once again on Friday after a trial result from Johnson & Johnson’s coronavirus vaccine disappointed some investors. Fears about a retail trading battle between smaller and larger investing players continued. The Dow Jones Industrial Average, S&P 500, and Nasdaq Composite have all lost more than [...] Read more at ETFtrends.com.
A double dose of gold and Russia are the ETF themes that have been seeing heavy average daily volume in VanEck’s suite of ETFs. Check out the three ETFs below. VanEck Vectors Gold Miners ETF (GDX): GDX seeks to replicate as closely as possible, before fees and expenses, the price and yield performance of the [...] Read more at ETFtrends.com.
As the capital markets continue to swarm with activity over a renewed risk-on from investors and Reddit forums, there’s no shortage of volume occurring in the iShares ETF brand. Here are five funds that have been seeing the highest average daily volume as of late. SPDR S&P 500 ETF (SPY): one of the largest and [...] Read more at ETFtrends.com.
Social distancing is helping to push the needle toward more telemedicine, which bodes well for ETFs like the Global X Telemedicine and Digital Health ETF (EDOC). The fund is up 9% to start 2021. “Once considered to be merely a novel way to connect doctors with patients, telemedicine now is recognized as an essential tool [...] Read more at ETFtrends.com.
Silver price soared more than 6% on the Jan 28 trading session driven by growing rumors of a “short squeeze” in the precious metal. After GameStop GME and AMC Entertainment AMC, the Reddit’s “Wall Street Bets” forum is now eyeing to “short squeeze” the silver market
The Invesco S&P SmallCap 600 Revenue ETF is seeing unusually high volume in afternoon trading Friday, with over 162,000 shares traded versus three month average volume of about 29,000. Shares of RWJ were up about 5.1% on the day.