Naomi Zimmermann, Product Analyst; Charl Malan, Senior Metals and Mining Analyst; Ammar James, Analyst, Natural Resources The recent buzz around artificial intelligence (AI) has largely focused on its applications in consumer technology and e-commerce, but its potential reaches far beyond that. Freeport-McMoRan Revolutionizes Green Metals Mining Mining green metals efficiently is essential for transitioning to a more [...]
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By Jeff Weniger, CFA, Head of Equity Strategy It’s not only artificial intelligence companies that are catching a bid in 2023. While there has been much discussion over the market’s narrow breadth, which has come in the form of a handful of mega caps single-handedly propping up the S&P 500 Index this year, many overseas exchanges have been teeming with [...]
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By Joe Foster, Gold Strategist, and Imaru Casanova, Portfolio Manager, Gold and Precious Metals Tail risks have aided gold’s sidewise rise Gold has been in a bull market for over seven years, rising 87% from its secular low in December 2015. However, unlike the steady and predictable bull market of the 2000s, this bull moves up, [...]
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To learn more about Main Management and how some of our strategies could help you with your investment needs, please contact Darol Ryan, our Head of Sales and National Accounts, at ryan@mainmgt.com. Also check out Main Management CEO Kim Arthur on Twitter and Main Management on LinkedIn. For more news, information, and analysis, visit the ETF Strategist Channel.
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It’s no surprise, given prolonged market volatility and uncertainty, that risk management remains the top concern of clients. That’s according to advisors polled in a recent NEOS webcast hosted on the VettaFi platform. Advisors reported generating reliable income as the next highest concern but could be leaving income opportunities on the table by overlooking options [...]
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In the latest edition of the ETF Issuer League, VanEck and Capital Group stood out, hitting new ETF AUM milestones. Of course, both firms have ridden their favored themes to solid inflows through the year so far and added more than $1.5 billion together. VanEck’s Morningstar Wide Moat ETF (MOAT) alone added $1.8 billion over [...]
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The treasury yields on the 10-year note ended June 16, 2023, at 3.77%, the 2-year note ended at 4.70%, and the 30-year note at 3.86%. Here is a table showing the yields’ highs and lows and the FFR since 2007. The charts below show the daily performance of several Treasury bonds since the pre-recession days [...]
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In trading on Friday, shares of the Vanguard Short-Term Bond ETF (Symbol: BSV) crossed below their 200 day moving average of $75.66, changing hands as low as $75.56 per share. Vanguard Short-Term Bond shares are currently trading down about 0.2% on the day. The chart below sh
While the current market environment remains a mixed bag from a macro perspective, investors are slowly regaining some optimism. The Fed paused interest rate hikes in its June meeting, but we can anticipate two additional rate hikes per the Fed’s guidance. The S&P 500, which closed at a 13-month high on Wednesday, has officially surpassed [...]
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Flagging economic recovery in China spurred the People’s Bank of China into action this week, cutting lending rates. The cuts are likely to be followed by a stimulus package to stave off further weakening. Equities in China and the Asia region rose in response, benefiting broad China funds like the KraneShares MSCI All China Index [...]
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The Invesco S&P 500 Equal Weight Industrials ETF (RSPN) has handily outpaced its cap-weighted peers as the industrials sector rallies. The third top-performing sector on Thursday was industrials, gaining 1.5%. The sector trailed only healthcare and communication services, which gained 1.6% and 1.5%, respectively. RSPN provides more balanced exposure to the industrials sector. The ETF [...]
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This was a busy week in the ETF industry, with both Fidelity and T. Rowe Price rolling out families of five actively managed ETFs. There were additional launches from firms like Aptus, Defiance and Simplify during the week as well. A total of 15 new ETFs debuted during the week. Those launches included the Tuesday [...]
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There are opportunities in broad international and emerging markets for investors willing to challenge home country bias. U.S. equities have outperformed international markets for the longest period in history, suggesting their run is near its end, as U.S. and international markets leadership has historically been cyclical. Constructive fundamentals for international markets indicate that they could [...]
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The iShares Russell Top 200 ETF is seeing unusually high volume in afternoon trading Friday, with over 184,000 shares traded versus three month average volume of about 62,000. Shares of IWL were up about 0.1% on the day.
In trading on Friday, the Invesco S&P 500 QVM Multi-factor ETF is outperforming other ETFs, up about 1.4% on the day. Components of that ETF showing particular strength include shares of Corning, up about 3.8% and shares of Henry Schein, up about 3.2% on the day.
Direct indexing with daily scans for tax-loss harvesting opportunities can increase after-tax alpha by at least 20 basis points. In some cases, that after-tax alpha can increase by more than 100 basis points. A direct indexing portfolio is a separately managed account based on a benchmark index. But unlike traditional SMAs, direct indexing offers scalable, [...]
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Fidelity Investments has an over 75-year heritage of active fundamental investing. Greg Friedman, head of ETF management and strategy, said the firm wants to “bring the best of Fidelity” through ETFs. See more: “Fidelity Converts Six Funds to Thematic ETFs” Speaking with NYSE’s Judy Shaw at Exchange 2023, Friedman said that Fidelity does this in [...]
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The technology sector is on a tear again, rebounding mightily in the first half from its devastating year in 2022. The Technology Select Sector SPDR Fund (XLK) up about 40% year-to-date and has almost reached its levels at the end of 2021. However, it’s a volatile sector, and the semiconductor industry in particular is growing [...]
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Comparing units outstanding versus one week ago at the coverage universe of ETFs at ETF Channel, the biggest inflow was seen in the DIREXION DAILY 20-YR TREASURY BULL 3X Shares, which added 15,900,000 units, or a 6.2% increase week over week.
Looking at units outstanding versus one week prior within the universe of ETFs covered at ETF Channel, the biggest outflow was seen in the SPDR Portfolio Intermediate Term Treasury ETF, where 6,600,000 units were destroyed, or a 4.4% decrease week over week.