By Justin Spittler The biggest software IPO is officially in the books. Two weeks ago, in one of the most hyped events of the year, Snowflake (SNOW) went public. Snowflake is a data warehousing company. It helps companies better access and make sense of their data. We’ve been “stalking” Snowflake for over a year. And yet, we [...] Read more at ETFtrends.com.
Looking at the various events of the week that revolve around the approaching general election, the renewed hopes of a new stimulus package, and now the sudden announcement of President Trump testing positive for Covid-19, there is a lot this could mean for an already volatile market. ETF Trends CEO Tom Lydon spoke with Kelly [...] Read more at ETFtrends.com.
There is growing investment demand for active managers to craft new environmental, social and governance funds. According to Broadridge Financial Solutions‘ new report, growing number of investor want active managers to introduce ESG funds as an investment option. So far, a majority 68% of ESG assets in the U.S> are now in actively managed funds. [...] Read more at ETFtrends.com.
While the markets just experienced their worst September in almost a decade, value exchange traded fund investors fared better than their growth counterparts. Over the past month, the iShares S&P 500 Value ETF (NYSEArca: IVE) declined 2.4%, compared to the 5.1% pullback for the iShares S&P 500 Growth ETF (NYSEArca: IVW) and the 4.0% fall off [...] Read more at ETFtrends.com.
Once relegated to the sidelines of investors’ attention due to broad overreliance on subsidies and a lack of economic edge vs. traditional energy, clean energy and clean technology are in the midst of a new era of growth and competitiveness. Although wind and solar capacity have been expanding rapidly for over a decade, utilities have [...] Read more at ETFtrends.com.
An Airline sector-related exchange traded fund took flight on Friday after House Speaker Nancy Pelosi promised relief for the beleaguered industry that just saw its financial aid dry up. The U.S. Global Jets ETF (NYSEArca: JETS), the lone ETF dedicated to airline stocks, gained 0.7% on Friday, testing its short-term resistance at the 50-day simple moving [...] Read more at ETFtrends.com.
Energy sector-related exchange traded funds were among the best performers on Friday, despite the steep pullback in crude oil prices after President Donald Trump tested positive for Covid-19 and a rise in global crude output. On Friday, the VanEck Vectors Oil Service ETF (NYSEArca: OIH) gained 3.1% and iShares U.S. Oil Equipment & Services ETF [...] Read more at ETFtrends.com.
U.S. markets and stock exchange traded funds declined Friday after President Donald Trump revealed he and the first lady tested positive for the coronavirus, further adding to the political uncertainty just weeks before the election. On Friday, the Invesco QQQ Trust (NASDAQ: QQQ) decreased 2.3%, SPDR Dow Jones Industrial Average ETF (NYSEArca: DIA) was down [...] Read more at ETFtrends.com.
On Friday, SoFi announced the launch of its newest exchange-traded fund (ETF): the SoFi Weekly Income ETF (NYSE: TGIF), the online personal finance company’s first fixed-income offering and the industry’s first ETF to offer a weekly distribution to fund shareholders.* TGIF is an actively managed fund that seeks to achieve its investment objective by investing in U.S. dollar-denominated [...] Read more at ETFtrends.com.
In an ETF landscape that’s growing every year, providers need to offer products to help differentiate themselves from the masses. For Defiance ETFs, they created a new fund that focuses on special purpose acquisition companies (SPACs), which are also known for their moniker as “blank-check companies.” What makes these SPACs so special? “Blank-check companies have [...] Read more at ETFtrends.com.
Virgin Galactic Holdings is having itself a nice week as the stock soared past its 50- and 200-day moving average. This, in turn, is benefiting exchange-traded funds (ETFs) with the highest holdings of the stock—namely space-focused funds. The aerospace company already started the week off to the upside, which saw space ETF investors cheering in [...] Read more at ETFtrends.com.
By Mona Naqvi, Senior Director, Head of ESG Product Strategy, North America, Daniel Perrone, Director and Head of Operations, ESG Indices, and Reid Steadman, Managing Director, Global Head of ESG The launch of the S&P 500 ESG Index in April 2019 signaled an evolution in sustainable investing. Indices based on environmental, social, and governance (ESG) data were no longer simply a means for [...] Read more at ETFtrends.com.
Environmental, social and governance (ESG) investing is already becoming a global phenomenon. In the Middle East, green bonds that fund special ESG projects are gaining high interest from investors, which should only increase the popularity of the space. “Egypt pulled in orders for nearly five times the $750 million size of the Middle East and [...] Read more at ETFtrends.com.
Positive unemployment data resonated in the gold markets with prices responding to the upside during Thursday’s trading session. However, even as unemployment claims drop, gold prices are still prone to react to changes in the labor market through the rest of 2020. “The U.S. Labor market continues to slowly improve a fewer workers applied for [...] Read more at ETFtrends.com.
By Rob Williams, Director of Research We expect the continued economic recovery to be a driver of market returns overall and putting the uncertainty of elections behind us will be positive for risk assets such as equities. In the meantime, as we enter the height of the election season, investors should consider how the following [...] Read more at ETFtrends.com.
China is the proverbial tide that lifts all boats when it comes to emerging markets. Aside from equities, that precedent can be applied to the bond markets where a bevy of investor interest is pouring in for China bonds. “China’s bond market – now the second largest in the world – has seen increased foreign [...] Read more at ETFtrends.com.