The S&P 500 hit bull market territory this week from October lows, carried by a small number of mega-cap companies. Investors with an eye toward the concentration risk within broad equity exposure should consider managed futures for their low correlations to stocks and bonds. Many of the strongest-performing companies this year are tech companies. The [...]
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Many commodities are off their 2022 highs as recession concerns continue to weigh heavily on demand forecasts. Investors looking to enhance or change their commodity exposures this year should consider the addition of carbon allowances. Carbon allowance ETFs are outperforming broad commodities YTD and add strong diversification potential to portfolios. Broad commodities, measured by the [...]
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Equal weight strategies could show strength in the second half as market breadth has shown signs of improving. Recent broader returns have turned the S&P 500 year-to-date breadth positive. The benchmark’s month-to-date breadth has significantly improved, with 425 names up and 78 names down as of June 7, Howard Silverblatt, senior index analyst at S&P [...]
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ChatGPT and AI seem to be everywhere these days, but what do they really mean for asset management and financial advisors? Does AI arrive as just a theme, or can it really have an immediate impact on financial advisors’ work? On Wednesday, VettaFi’s Dave Nadig hosted a webcast on AI titled “Beyond Chat: How AI [...]
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“When Hinton was interviewed on the American television show 60 Minutes, the interviewer asked whether he was angry at those who had put him in jail. He responded that he had forgiven all the people who had sent him to jail. The interviewer incredulously asked, ‘But they took thirty years of your life—how can you [...]
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Trip.com, an international travel agency headquartered in China, smashed domestic earnings expectations. It’s a reflection of China’s strong domestic consumer recovery that funds like the KraneShares CSI China Internet ETF (KWEB) stand to benefit from. The travel giant reported 124% revenue gains year-over-year explained Brendan Ahern, CIO of KraneShares, in the China Last Night blog. [...]
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By John A. Forlines, III Chief Investment Officer Over the past few weeks, equities have largely moved sideways. But it is not just the past few weeks that have been a wash. Zooming out on the S&P 500 shows that it is now trading at roughly the same level as it was in May of [...]
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Bonds were in rough shape last year. But now, as everyone is saying, bonds are back. That’s because yields are back. Investors are turning to Treasury ETFs because of their attractive yields and low risk. About a year ago, fixed income investors had to turn to high yield or private credit to get something yielding [...]
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Confluence Investment Management offers various asset allocation products which are managed using “top down,” or macro, analysis. We publish asset allocation thoughts on a bi-weekly basis, updating the report every other Monday, along with an accompanying podcast. June 5, 2023 The standoff between the Biden administration and congressional Republicans over raising the federal debt limit [...]
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Looking behind the curtain in VettaFi’s data, it’s small-cap dividend ETFs that are picking up steam. In a year defined by the stubborn success of megacap tech names, that may be surprising. Looking under the hood, however, the advantages of a small-cap dividend ETF focus reveal themselves pretty clearly. That invites investors and advisors to [...]
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The positive surprises in the labor market just keep on coming. Job creation in the U.S. continues to defy expectations. Case in point: last week’s blowout jobs report for May. The chart shows that actual jobs created (non-farm payrolls) have now outpaced economists’ estimates for 14 straight months. That handily beats the previous streak of [...]
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Our Three Layers of Risk Management Our Cash Indicator methodology acts as a plan in case of an emergency. This is analogous to the multiple safety systems in a modern automobile, which includes an airbag. Importantly, each of these systems work together to potentially help smooth the ride. We manage risk within our strategic, long-term [...]
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By Kevin Nicholson CFA® Global Fixed Income CIO | Co-Head of Investment Committee SUMMARY The Fed is becoming less hawkish, in our opinion, as it nears the end of its rate hiking cycle. The trend is positive and we continue to look for confirmation to come. Crowd Sentiment is showing early signs of turning bullish, [...]
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The Invesco Global Listed Private Equity ETF is seeing unusually high volume in afternoon trading Thursday, with over 2.0 million shares traded versus three month average volume of about 243,000. Shares of PSP were up about 0.9% on the day.
In trading on Thursday, the Junior Gold Miners ETF is outperforming other ETFs, up about 1.8% on the day. Components of that ETF showing particular strength include shares of Marathon Gold, up about 6% and shares of Caledonia Mining, up about 5.7% on the day.
VettaFi’s vice chairman Tom Lydon discussed the KraneShares CSI China Internet ETF (KWEB) on this week’s “ETF of the Week” podcast with Chuck Jaffe of “Money Life.” For more news, information, and strategy, visit the China Insights Channel.
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Insurance companies sold off $11.2 billion in ETF assets during 2022’s bear market, amounting to nearly a quarter of ETF assets held by the industry. While that amounts to a sliver of the $7.9 trillion of assets held by insurance companies, the trends suggest conflicting positions among one corner of the financial industry. To learn [...]
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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 iShares MSCI Japan ETF, which added 10,950,000 units, or a 6.0% 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 S&P 500 Growth ETF, where 14,150,000 units were destroyed, or a 4.7% decrease week over week. Among the largest underlyi
Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the Invesco QQQ (Symbol: QQQ) where we have detected an approximate $1.8 billion dollar inflow -- that's a 1.0% increase week over week in outstanding u