The Securities and Exchange Commission could put into place guidelines on the federal monitoring of environmental, social, and governance issues as a Biden administration places greater focus on the climate change agenda. Under the outgoing Trump administration, SEC Chairman Jay Clayton followed a more “principles-based approach” to climate disclosure, which has drawn criticism for inconsistent [...] Read more at ETFtrends.com.
U.S. markets and stock exchange traded funds struggled to hold on to gains Tuesday, as investors waited for the official start to the earnings season and closely watched Capitol Hill. On Tuesday, the Invesco QQQ Trust (NASDAQ: QQQ) dipped 0.1%, SPDR Dow Jones Industrial Average ETF (NYSEArca: DIA) was up 0.3%, and iShares Core S&P 500 [...] Read more at ETFtrends.com.
Corn and soybean futures rocketed higher on Tuesday amid a decline in crop yields, sending agricultural ETFs higher as well. Agricultural ETFs gained amid revisions from the U.S. Department of Agriculture’s January World Agricultural Supply and Demand Estimates, or WASDE, that hammered projected ending stocks for both commodities, reflecting limits to last year’s U.S. production [...] Read more at ETFtrends.com.
Financial advisors who are interested in dabbling in cryptocurrencies may find out what their peers think about the asset class as Bitwise and ETF Trends present the results of the 2020 Crypto-for-Advisors survey, exploring how wealth managers have included crypto assets as part of client portfolios. In the recent webcast, Crypto for Advisors: A Growing [...] Read more at ETFtrends.com.
For investors looking for momentum, Invesco Dynamic Semiconductors ETF PSI is probably a suitable pick. The fund just hit a 52-week high and is up 157.5% from its 52-week low price of $44.68/share.
Crude oil futures are gaining on Tuesday as crude pegged an 11-month high as tighter supply and projections for a decline in U.S. inventories offset fears over surging coronavirus cases. Crude oil climbed to above $53 a barrel on Tuesday, for a gain of 1.63%, as the commodity approached the early March highs of near [...] Read more at ETFtrends.com.
Shares of General Motors have surged nearly 6% to notch a record high in intraday trading Tuesday after the automaker revealed a fresh electric van and possible plans to build futuristic flying cars. The move puts auto ETFs in the spotlight as well. GM stock had rallied by as much as 8.8% to $48.95 a share [...] Read more at ETFtrends.com.
Horizon Kinetics LLC announced the launch of its first ETF, the Inflation Beneficiaries ETF (INFL), an actively managed fund, which began trading on the New York Stock Exchange (NYSE) on Tuesday. This active ETF will be managed using the same long-term, value-oriented, and proprietary research-driven philosophy that has guided the management of the Firm’s other [...] Read more at ETFtrends.com.
On Tuesday, Bitwise Asset Management, a leading provider of crypto index funds, and ETF Trends, a leading source of exchange-traded fund news, tips, webcasts, and investing ideas, released the findings of the Bitwise/ETF Trends 2021 Benchmark Survey Of Financial Advisor Attitudes Toward Cryptoassets. Nearly 1,000 financial advisors answered a series of questions on cryptoassets and [...] Read more at ETFtrends.com.
Getting international diversification can bring yield-starved investors better fixed income options compared to safe haven domestic bonds, but it’s also a good idea to hedge against currency risk when looking overseas. Enter the Xtrackers MSCI EAFE High Dividend Yield Equity ETF (HDEF). “Income investors and retirees love stocks that pay high dividends,” a Fool.com article [...] Read more at ETFtrends.com.
The pandemic has triggered a race to introduce vaccine and treatment, thereby opening up new investing opportunities in the biotech sector in the past year. Consequently, this hot space for investments had a good run on the bourses during this period. Notably, the S&P Biotech
Small cap strength is showing in the new year as the global economy continues the healing process. It’s feeding into strength for the Invesco S&P SmallCap Materials ETF (PSCM), which is already up 10% year-to-date. PSCM seeks to track the investment results of the S&P SmallCap 600® Capped Materials Index. The companies found within the [...] Read more at ETFtrends.com.
Financial technology could pay investors back in gains for the remainder of 2021. They may want to consider the Global X FinTech ETF (FINX) as the space continues to grow. “Coronavirus created quite a disruption to the global economy in 2020, and complications still linger,” a MarketWatch report said. “However, the pandemic proved once and for [...] Read more at ETFtrends.com.
Big banks will start releasing their quarterly numbers this week. Let’s delve into the earnings potential of the big six banking companies that could drive the performance of the sector ahead.
Stocks and index ETFs are dripping lower on Tuesday as traders contend with climbing interest rates. The Dow Jones Industrial Average had climbed 56 points, or 0.2% before trading down the same amount. The S&P 500 is 0.34% lower, while the Nasdaq Composite dropped 0.2%. Major stock ETFs are falling for the second consecutive day [...] Read more at ETFtrends.com.
The biotechnology industry isn’t backing down, with ETFs like the Direxion Daily S&P Biotech Bull 3x Shares (LABU) gaining over 15% to start the new year. More strength could be ahead as the global economy continues to battle with the Covid-19 pandemic. LABU seeks daily investment results of 300% of the daily performance of the S&P [...] Read more at ETFtrends.com.
The iShares Global Financials ETF is seeing unusually high volume in afternoon trading Tuesday, with over 188,000 shares traded versus three month average volume of about 33,000. Shares of IXG were up about 1.1% on the day.
Getting international diversification via ETFs can help give investors equities exposure to areas responding differently to the Covid recovery. Fortunately, VanEck has three single country funds that are outperforming to start 2021. From Epicenter to Growth Leader First up is the VanEck Vectors China Growth Leaders ETF (GLCN), which is up 6% in the early [...] Read more at ETFtrends.com.
In trading on Tuesday, the Oil Services ETF is outperforming other ETFs, up about 6% on the day. Components of that ETF showing particular strength include shares of Transocean, up about 16.5% and shares of RES, up about 13.8% on the day.
The heavier reliance on the internet amidst the pandemic fed into more strength for cybersecurity. Investors can continue to pad their portfolios with a cybersecurity play through the iShares Cybersecurity and Tech ETF (IHAK). “The evolution of the work from home economy, the boom on online commerce, the focus on election security and the looming [...] Read more at ETFtrends.com.