By Ben Leale-Green, Analyst, Research & Design, ESG Indices, S&P Dow Jones Indices In April 2020, we launched the S&P PACTTM Indices (S&P Paris-Aligned & Climate Transition Indices). The indices aim to align with the following: a 1.5oC climate scenario, the relevant aspects of the EU Low Carbon Benchmark regulation (BMR), and recommendations from the Task Force on [...] Read more at ETFtrends.com.
By William Sokol, Senior ETF Product Manager, VanEck Despite lack of federal support from current and previous administrations, the U.S. has a large green bond market comprising corporate, agency and muni issuers with over $200bn of issuance, accounting for 21% of the global market and ranking it #1 in terms of country of issuer.1 However, the [...] Read more at ETFtrends.com.
By Cyrus Taraporevala, President and Chief Executive Officer, State Street Of all the lessons we’ve learned during the ongoing pandemic, one that deeply concerns me is the consequences that systemic risks can have on our society – on people, on our schools and businesses, and on global financial markets. While few predicted the havoc COVID-19 would [...] Read more at ETFtrends.com.
Hewlett Packard Enterprise is pulling up its stakes in Silicon Valley and heading for Texas. It’s not the first big tech firm to make the move, and it won’t be the last. If you visit the private HP Garage museum in Palo Alto, California, you’ll see a plaque proclaiming it as the “Birthplace of Silicon [...] Read more at ETFtrends.com.
By Stephen McBride Can you name America’s fastest-growing “bank”? It’s not Goldman Sachs or Morgan Stanley. It’s not Bank of America either, which has barely grown in 10 years. Even financial heavyweight JPMorgan doesn’t wear this crown. “New money” disruptor PayPal (PYPL) is growing faster than any regular bank, and it’s not close. Now, PayPal [...] Read more at ETFtrends.com.
By Mark Hackett, Chief of Investment Research, Nationwide Investment Management Group Thoughts Equity market strength continues, with gains in four of the past five weeks, and most major indexes at record highs. Leadership continues to broaden, with strength in the past month driven by emerging markets, small caps and value indexes. Despite incredible disruption, the S&P [...] Read more at ETFtrends.com.
For investors looking for momentum, Global X Social Media ETF SOCL is probably a suitable pick. The fund just hit a 52-week high and is up 146.3% from its 52-week low price of $24.57/share.
The word “unprecedented” has been used so often in the financial press this past year that it no longer has any meaning. Let’s call 2021 for what it is — an opportunity to rebuild your portfolio strategy from the ground up. In the upcoming webcast, 2021 Asset Allocation Insights: Far From Obvious, William Roach, Jr., [...] Read more at ETFtrends.com.
Socially responsible investments like those that track environmental, social, and governance factors have gained momentum, and have even caused some to push off investments in fossil fuel. Money manager Jacinto Hernandez, a partner at Capital Group Cos., has questioned the sensibility of still investing in oil and gas companies after the novel coronavirus pandemic crushed [...] Read more at ETFtrends.com.
A thematic exchange traded fund that tracks some of the most disruptive and innovative up-and-coming companies has just become the largest actively managed ETF in the industry. The ARK Innovation ETF (NYSEArca: ARKK) brought in a record $275 million in inflows on Thursday, bringing its total assets under management to $15.7 billion and shooting past the [...] Read more at ETFtrends.com.
United Kingdom markets and country-related exchange traded funds retreated Friday ahead of a packed weekend of negotiations that could widen the divide between the U.K. and the European Union. On Friday, the iShares MSCI United Kingdom ETF (NYSEArca: EWU) declined 1.4% while the currency-focused Invesco Currency Shares British Pound Sterling (NYSEArca: FXB) dropped 0.6%. While Friday’s [...] Read more at ETFtrends.com.
U.S. markets and stock exchange traded funds weakened Friday, on pace to end their worst week since late October as investors lost confidence in a much needed financial aid package to shore up a flagging economy, offsetting optimism over an imminent Covid-19 vaccine. On Friday, the Invesco QQQ Trust (NASDAQ: QQQ) dropped 0.6%, SPDR Dow Jones [...] Read more at ETFtrends.com.
Stock and index ETFs continued their fall on Friday, amid ongoing uncertainty that fiscal stimulus will occur. The Dow Jones Industrial Average and S&P 500 are headed for their first weekly loss in three weeks as stock futures rollover to the next contract. The Dow Jones shed 0.26% on Friday, while the S&P 500 lost [...] Read more at ETFtrends.com.
In the past decade, we have seen “the king of all bull markets” in Wall Street. The run was the longest ever. Though Wall Street’s record bull run ended on Mar 12, 2020 on COVID-induced selloffs, markets again shrugged off all worries and are hovering around all-time high l
While other nations continue to struggle with rising cases, China might be the ideal play for safe haven bond alternative ETFs like the VanEck Vectors ChinaAMC China Bond ETF (CBON). CBON seeks to replicate as closely as possible, before fees and expenses, the price and yield performance of the ChinaBond China High Quality Bond Index. [...] Read more at ETFtrends.com.
A high yield, high beta exchange-traded fund (ETF) strategy might seem expensive at first glance, but at a 0.20% expense ratio, investors can get access to this fixed income alternative via the High Beta High Yield Bond ETF (HYUP). HYUP seeks investment results that correspond generally to the performance, before fees and expenses, of the [...] Read more at ETFtrends.com.
There are a number of reasons to hop on board the environmental, social, and governance (ESG) investing trend, but if you’re still not convinced, how about a 100% return year-to-date? That’s exactly what the SPDR Kensho Clean Power ETF (CNRG) has given investors this year. CNRG seeks to provide investment results that, before fees and [...] Read more at ETFtrends.com.
ETF investors using funds in safe haven Treasurys have to be wondering where else they can get higher yields. One way is to supersize their income with funds like the Global X SuperIncome Preferred ETF (SPFF), which focuses on preferred dividends. SPFF seeks investment results that correspond generally to the price and yield performance, before [...] Read more at ETFtrends.com.
The SPDR— S&P— 500 Fossil Fuel Reserves Free ETF is seeing unusually high volume in afternoon trading Friday, with over 587,000 shares traded versus three month average volume of about 48,000. Shares of SPYX were off about 0.7% on the day.
In trading on Friday, the Invesco Solar ETF is outperforming other ETFs, up about 2.3% on the day. Components of that ETF showing particular strength include shares of Solaredge Technologies, up about 6.9% and shares of Enphase Energy, up about 5.7% on the day.