ARK Invest has shaken up the management of its passive ETF offerings by removing CIO Cathie Woods from the day-to-day management of the funds. As of September 2022, the $196 million 3D Printing ETF (PRNT) and the $112 million ARK Israel Innovative Technology ETF (IZRL) are managed by William Scherer, who serves as portfolio manager [...] Read more at ETFtrends.com.
India is growing rapidly this year while the major world economies all struggle with inflation and economic slowdown, providing investment opportunities for international portfolios. The United Kingdom is now the sixth largest economy globally with India overtaking the fifth spot in the last quarter of 2021 and continuing to log strong growth this year. India’s [...] Read more at ETFtrends.com.
Stocks fell on Monday morning as investors anticipate the U.S. Federal Reserve’s policy meeting this week. In early trading Monday, the S&P 500 dropped 0.7%, while the Dow Jones Industrial Average lost 0.6%, and the Nasdaq Composite fell 0.6%. Citing data from CME Group, the Wall Street Journal reported that investors anticipate an 80% chance [...] Read more at ETFtrends.com.
On 12 August 2022, the House passed the landmark Inflation Reduction Act (IRA), a reconciliation package that represents the United States government’s largest-ever investment in combatting climate change
Economic slowdown is starting to have a measurable impact on companies as FedEx reported a strong decline in package delivery worldwide and issued a warning of further economic impacts globally and in the U.S. for the remainder of the year, reported the Wall Street Journal. The package delivery giant is often seen as a bellwether [...] Read more at ETFtrends.com.
While disruptive technology is nothing new, the rate at which this space is changing is accelerating rapidly. The COVID pandemic has turbocharged the adoption and advancement of digital technology within multiple industries. So, an increasing number of fund managers are focusing on this megatrend of disrupting innovation. Some have made it the very foundation of [...] Read more at ETFtrends.com.
The Second part of Evan Harp’s interview with Sprott Asset Management CEO John Ciampaglia focuses on precious metals. You can read part one, which focuses on uranium, here. Evan Harp: Let’s pivot to precious metals. How will sanctions in Russia impact that space? John Ciampaglia: With respect to other minerals that Russia has a big [...] Read more at ETFtrends.com.
The Vanguard Communication Services ETF is seeing unusually high volume in afternoon trading Monday, with over 1.1 million shares traded versus three month average volume of about 229,000. Shares of VOX were down about 0.9% on the day.
In trading on Monday, the iShares Latin America 40 ETF is outperforming other ETFs, up about 2.1% on the day. Components of that ETF showing particular strength include shares of Gerdau, up about 6.2% and shares of Itau Unibanco Banco Holding, up about 3.9% on the day.
In trading on Monday, shares of the VCSH ETF (Symbol: VCSH) entered into oversold territory, changing hands as low as $75.30 per share. We define oversold territory using the Relative Strength Index, or RSI, which is a technical analysis indicator used to measure momentum on a
In trading on Monday, shares of the BSCP ETF (Symbol: BSCP) entered into oversold territory, changing hands as low as $20.15 per share. We define oversold territory using the Relative Strength Index, or RSI, which is a technical analysis indicator used to measure momentum on a
In trading on Monday, shares of the BSCO ETF (Symbol: BSCO) entered into oversold territory, changing hands as low as $20.52 per share. We define oversold territory using the Relative Strength Index, or RSI, which is a technical analysis indicator used to measure momentum on a
In trading on Monday, shares of the BSCQ ETF (Symbol: BSCQ) entered into oversold territory, changing hands as low as $18.96 per share. We define oversold territory using the Relative Strength Index, or RSI, which is a technical analysis indicator used to measure momentum on a
In trading on Monday, shares of the QYLD ETF (Symbol: QYLD) entered into oversold territory, changing hands as low as $16.22 per share. We define oversold territory using the Relative Strength Index, or RSI, which is a technical analysis indicator used to measure momentum on a
In trading on Monday, shares of the SLQD ETF (Symbol: SLQD) entered into oversold territory, changing hands as low as $47.92 per share. We define oversold territory using the Relative Strength Index, or RSI, which is a technical analysis indicator used to measure momentum on a
In trading on Monday, shares of the FIXD ETF (Symbol: FIXD) entered into oversold territory, changing hands as low as $45.05 per share. We define oversold territory using the Relative Strength Index, or RSI, which is a technical analysis indicator used to measure momentum on a
In trading on Monday, shares of the TOTL ETF (Symbol: TOTL) entered into oversold territory, changing hands as low as $41.12 per share. We define oversold territory using the Relative Strength Index, or RSI, which is a technical analysis indicator used to measure momentum on a
In trading on Monday, shares of the SPSB ETF (Symbol: SPSB) entered into oversold territory, changing hands as low as $29.45 per share. We define oversold territory using the Relative Strength Index, or RSI, which is a technical analysis indicator used to measure momentum on a
In trading on Monday, shares of the KSA ETF (Symbol: KSA) entered into oversold territory, changing hands as low as $41.385 per share. We define oversold territory using the Relative Strength Index, or RSI, which is a technical analysis indicator used to measure momentum on a
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. Read more at ETFtrends.com.