CHALLENGING NEAR-TERM OUTLOOK AND A CASE FOR LONGER-TERM OPTIMISM Quarterly Recap: Inflation Remains the #1 Issue; Rates Are Higher, But Earnings Hang On While it may seem like a faint memory, Q3 2022 began on a somewhat optimistic note. Inflation – especially gasoline prices – appeared to have peaked and there was a hope that [...] Read more at ETFtrends.com.
On the latest episode of Nate Geraci’s ETF Prime, VettaFi’s Dave Nadig went in-depth on the state of ESG investing, including its recent politicization, advisor interest, fund company positioning, and how it impacts corporate behavior. Matt Piro, Global Head of ESG at Vanguard, explained the firm’s overall ESG philosophy, common misconceptions around performance, the importance of fund fees, [...] Read more at ETFtrends.com.
One of the three newest members of the Federal Reserve board of governors said that high inflation was his biggest concern and that the Federal Open Market Committee is determined to bring inflation back down to 2%. In a speech a conference organized by the Federal Reserve Banks of Atlanta, Dallas, and Richmond, Philip Jefferson [...] Read more at ETFtrends.com.
(Au)our Monthly Newsletter It is hard to shake a stick without hitting an economist these days. And given how lousy a job they have been doing forecasting the economy, we would argue that a giant stick is needed so that we can hit more of them! We want to focus on two economists with different [...] Read more at ETFtrends.com.
The ALPS Medical Breakthroughs ETF (SBIO) rallied 3.66% last week, outpacing competing biotech ETFs and major U.S. indexes. The biotech sector was propelled last week by long-awaited breakthrough Alzheimer’s trial data. Despite major macro headwinds for U.S. stocks, SBIO’s small- to mid-cap (SMID) biotech holdings that focus on later-stage drug trials continued to show their [...] Read more at ETFtrends.com.
With inflation persisting, the odds that the Federal Reserve will pivot from its aggressive monetary tightening are low. With the Fed expected to continue raising interest rates, analysts expect that the economy is headed for a hard landing. Even Fed Chairman Jerome Powell suggested as much last month. With the two-year Treasury yield climbing to 4%, the [...] Read more at ETFtrends.com.
The Invesco Global Clean Energy ETF is seeing unusually high volume in afternoon trading Tuesday, with over 221,000 shares traded versus three month average volume of about 34,000. Shares of PBD were up about 5.1% on the day.
Top Performing Levered/Inverse ETFs Last Week These were last week’s top-performing leveraged and inverse ETFs. Note that because of leverage, these kinds of funds can move quickly. Always do your homework. Ticker Name 1 Week Return (NKEQ ) AXS 2X NKE Bear Daily ETF 29.32% (GDXU B-) MicroSectors Gold Miners 3X Leveraged ETN 23.53% (SDP B+) ProShares UltraShort [...] Read more at ETFtrends.com.
Crypto index fund manager Bitwise Asset Management announced the launch of the Bitwise Web3 ETF (NYSE Arca: BWEB). The fund’s strategy gives investors access to companies well positioned to benefit from the emergence of Web3, a term used to describe the next wave of the internet’s development characterized by greater decentralization and individual ownership of [...] Read more at ETFtrends.com.
In trading on Tuesday, the ARK Fintech Innovation ETF is outperforming other ETFs, up about 8.2% on the day. Components of that ETF showing particular strength include shares of Shopify, up about 13.4% and shares of Block, up about 12.2% on the day.
India’s smartphone usage is blowing up. According to a study by Deloitte, the country is poised to have 1 billion smartphone users by 2026 and will be the second-largest smartphone manufacturer in the next five years. This growth is likely to be driven by the country’s rural areas at a compound annual growth rate of [...] Read more at ETFtrends.com.
Looking at units outstanding versus one week prior within the universe of ETFs covered at ETF Channel, the biggest outflow was seen in the iShares Gold Trust, where 16,850,000 units were destroyed, or a 2.0% decrease week over week.
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 Emerging Markets Min Vol Factor ETF, which added 14,700,000 units, or a 12.8% increase week over week. Among the largest underlying
Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the iShares 1-5 Year Investment Grade Corporate Bond ETF (Symbol: IGSB) where we have detected an approximate $148.4 million dollar inflow -- that's a 0
Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the iShares 20+ Year Treasury Bond ETF (Symbol: TLT) where we have detected an approximate $799.5 million dollar inflow -- that's a 3.4% increase week o
Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the SCHF ETF (Symbol: SCHF) where we have detected an approximate $143.6 million dollar inflow -- that's a 0.6% increase week over week in outstanding u
Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the SPDR S&P Dividend ETF (Symbol: SDY) where we have detected an approximate $85.9 million dollar inflow -- that's a 0.4% increase week over week i
Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the iShares Core S&P Total U.S. Stock Market ETF (Symbol: ITOT) where we have detected an approximate $297.6 million dollar inflow -- that's a 0.8%
Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the The Utilities Select Sector SPDR Fund (Symbol: XLU) where we have detected an approximate $108.1 million dollar inflow -- that's a 0.7% increase wee
Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the iShares Core S&P Mid-Cap ETF (Symbol: IJH) where we have detected an approximate $327.3 million dollar inflow -- that's a 0.6% increase week ove