There is an old Wall Street saying: “the stock market STOPS panicking when central banks START to panic.” The Fed (and other banks) sure seem to be panicking in recent months. We believe that the Fed has just made a big mistake. The 75bps increase was already priced in, but Powell seems to indicate that [...] Read more at ETFtrends.com.
With just a few days left in the third quarter, midstream companies are positioned well going into earnings season. Distribution announcements should start surfacing in the coming weeks, ahead of or in conjunction with third-quarter earnings releases. Midstream has made significant progress rebuilding a track record of growing payouts in recent quarters. Names that cut [...] Read more at ETFtrends.com.
Hennessy Advisors has signed a definitive agreement with Stance Capital and Red Gate Advisers to reorganize the Stance Equity ESG Large Cap Core ETF (NYSE Arca: STNC) into the Hennessy Stance ESG Large Cap ETF. As part of the deal, Hennessy Advisors will become the fund’s investment advisor. STNC currently has about $40 million in assets. [...] Read more at ETFtrends.com.
Innovator Capital Management announced the anticipated upside cap ranges and return profiles for the 14 ETFs in the October series of the sponsors’ Defined Outcome ETFs™ lineup, as well as the five quarterly resetting ETFs that will also rebalance at the end of the month. It is no secret that both stocks and bonds have had [...] Read more at ETFtrends.com.
The Bank of England has announced a temporary bond-buyback program to stem the impacts of the strong U.S. dollar, a move that prompted markets to bounce off their recent bear lows. Despite the most recent rally, advisors and investors should beware of the inherent risks, with increasing forecasts of recession on the horizon as early [...] Read more at ETFtrends.com.
The Xtrackers MSCI EAFE High Dividend Yield Equity ETF (HDEF) is a strong offering for periods when the U.S. dollar is strengthening. The U.S. dollar has strengthened significantly in tangent with the Federal Reserve raising interest rates to combat high inflation. The U.S. dollar is now the strongest it has been in two decades, and [...] Read more at ETFtrends.com.
In the face of ongoing market turbulence, sound companies with a sustainable competitive advantage and attractive valuations can provide investors with core stability. In the upcoming webcast, How to Stabilize Your Core Portfolio, Brandon Rakszawski, product manager at VanEck, and Andrew Lane, strategist at Morningstar Indexes, will explain how a focus on companies with a [...] Read more at ETFtrends.com.
The rising middle-income consumer class in the developing economies could create staggering growth, bolstering the case for the emerging markets and a targeted EM consumer exchange traded fund strategy. In the recent webcast, The Next Big Growth Story: Finding Opportunities In Emerging Markets, Kevin T. Carter, founder and CIO of EMQQ Global, highlighted the emerging [...] Read more at ETFtrends.com.
Summary There are two types of MLP funds – those structured as RICs, which own up to 25% MLPs, and those structured as corporations, which tend to be 90-100% MLPs. Similar to direct MLP investment, return of capital distributions from an MLP fund structured as a corporation lower an investor’s basis, and taxes are not [...] Read more at ETFtrends.com.
Recession fears are mounting as central banks continue to raise rates and issue increasingly hawkish guidance to combat surging inflation. But while many investors wonder if markets will soon see something akin to the 2001 dot-com bubble bursting or the 2008 global financial crisis, a white paper issued by T. Rowe Price argued that, should [...] Read more at ETFtrends.com.
Earlier this month, Charles Schwab released a study on ETF Investing. Evan Harp sat down recently with Charles Schwab’s senior vice president and head of strategy and product David Botset to discuss the results. Evan Harp: My first question is, now that the surveys had some time to be out in the world and analyzed, [...] Read more at ETFtrends.com.
ETFGI, a leading independent research and consultancy firm covering trends in the global ETFs/ETPs ecosystem, reported today that the ETFs industry in Canada gathered net inflows of US$1.28 billion in August.
Vanguard announced that the $44.2 million Vanguard U.S. Liquidity Factor ETF (VFLQ) will be liquidated in late November. The decision was made as part of Vanguard’s ongoing review of its global product lineup. The fund’s shareholders are being notified and have the opportunity to sell their shares before the ETF delisting from the Cboe BZX [...] Read more at ETFtrends.com.
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 (FLYD ) MicroSectors Travel -3x Inverse Leveraged ETN 39.55% (OILD ) MicroSectors Oil & Gas Exp. & Prod. -3x Inverse Leveraged [...] Read more at ETFtrends.com.
Sprott’s latest edition of Gold Talk Radio with Ed Coyne provides listeners with a fall uranium update. Despite a challenging macroeconomic backdrop, uranium has had a big year in 2022. Coyne had special guests Sprott Asset Management CEO John Ciampaglia and WMC Energy’s Per Jander on to unpack the autumnal prospects for uranium. Uranium did [...] Read more at ETFtrends.com.
The annual United Nations General Assembly concluded last week in New York as leaders from around the world met to discuss a range of topics in person for the first time since the onset of the pandemic. Alongside the General Assembly was New York City’s Climate Week which played host to a gathering of global [...] Read more at ETFtrends.com.
Nubank is seeing meteoric growth and is continuing to expand. The São Paulo-based digital bank has garnered 70 million customers in Latin America, making it the fifth-largest financial institution in Brazil in terms of number of customers. This includes 66.4 million users in the Brazilian operation, 3.2 million in Mexico, and more than 400,000 in [...] Read more at ETFtrends.com.
In trading on Wednesday, the Junior Gold Miners ETF is outperforming other ETFs, up about 5.8% on the day. Components of that ETF showing particular strength include shares of Coeur Mining, up about 13.8% and shares of Equinox Gold, up about 11.7% on the day.
While commodity prices have taken a dip during the summer rally in equities, they’re back on the move higher again, giving consumers no reprieve from rising prices. A Banks report noted that prices could stay elevated for some time. It’s not just inflation that’s a key catalyst behind rising commodity prices. According to the report, [...] Read more at ETFtrends.com.