Many Californians right now are no doubt feeling the whipsaws of conflicting government policies. Not a month ago, they learned that the state will ban the sale of gas-powered vehicles by 2035, mandating that all new passenger cars and trucks sold in the state must be electric vehicles (EVs). Then, in a dizzying about-face, residents [...] Read more at ETFtrends.com.
We believe the Inflation Reduction Act is a critical catalyst to accelerate the sustainable development of a sustainable green resources sector in the U.S. On August 16, 2022, President Biden signed the Inflation Reduction Act (“the Act”) into law. We believe the Act is a critical catalyst to accelerate the sustainable development of a sustainable green [...] Read more at ETFtrends.com.
The ETF Express US 2022 Awards are open for voting. The inaugural ETF Express US Awards happened in 2019, and since then ETF Express has recognized the achievements of ETF managers and service providers in the US. VettaFi is thrilled and honored to announce that we have been nominated in two categories – Best ETF [...] Read more at ETFtrends.com.
Cloud computing has become the backbone of technology infrastructure. It helps companies expand their reach across new internet-based products and services, payment methods, big data, the internet of things, social distribution, and media. In the upcoming webcast, An Advisors Guide to Cloud Computing and the Future of the Internet, Frank Downing and Will Summerlin, analysts [...] Read more at ETFtrends.com.
Investors should take a look at exchange traded fund strategies to help capitalize on the potential benefits of environmental, social, and governance investing in the current market. In the recent webcast, Beyond the Backlash: Why ESG Matters More Than Ever, Michael Andeberhan, ESG investment strategist at State Street Global Advisors, highlighted the growing importance and [...] Read more at ETFtrends.com.
Real estate as an asset class has been favored for its low correlation with traditional stock and bond investments and ability to generate current income, as these trusts must distribute at least 90% of their income to investors, according to VettaFi. There are only four actively managed real estate ETFs available to investors as of [...] Read more at ETFtrends.com.
China has released economic data for August that reflected recovery from July and growth, though elements of that growth are likely to be challenged this month with COVID lockdowns. Retail sales continued to grow at a faster rate in August, coming in at 5.4% year-over-year compared to July’s 2.7% rise and handily beat analyst expectations [...] Read more at ETFtrends.com.
Active large-cap domestic equity managers have been proving their worth thus far this year, with nearly half (49%) of such funds outperforming the S&P 500 in the first six months of 2022. Meanwhile, the S&P 500 fell 20% on a total return basis during the same period, according to S&P Dow Jones Indices. “Declining markets [...] Read more at ETFtrends.com.
Uber Eats and Nuro last week inked a deal to do robot food delivery in California and Texas. As part of the 10-year partnership with Uber Eats, Nuro will deliver food with its autonomous robots. All delivery fees will remain the same with the exception of tips. Customers who tip in advance will get refunds [...] Read more at ETFtrends.com.
Market and investor hopes of inflation easing were dashed this week with the release of August’s consumer price index report that revealed broad inflation growing 0.1% month-over-month and core inflation climbing 0.6% over the same period. Fed fund rates, currently between 2.25-2.50%, could conceivably hit 4% early next year, and Kevin Flanagan, head of fixed [...] Read more at ETFtrends.com.
Accounting practices can present a distorted picture of a publicly traded company’s profitability. Plus, earnings reports tend to be historically backward-looking. Therefore, free cash flow can be a more reliable metric than earnings to determine how profitable a company is. Simply put, free cash flow is the cash a company generates after its cash outflows [...] Read more at ETFtrends.com.
The Invesco International Dividend Achievers ETF is seeing unusually high volume in afternoon trading Friday, with over 2.4 million shares traded versus three month average volume of about 204,000. Shares of PID were off about 1.2% on the day.
In trading on Friday, the Silver Miners ETF is outperforming other ETFs, up about 0.9% on the day. Components of that ETF showing particular strength include shares of Mcewen Mining, up about 6% and shares of Hecla Mining, up about 2.9% on the day.
On the surface, quarterly e-commerce sales data show that e-commerce growth is still strong (above pre-pandemic levels) but has been trending sideways/slightly down for the past few quarters. According to data from the U.S. Census Bureau, e-commerce sales have grown at a higher year-over-year rate relative to total retail sales each quarter since data became [...] Read more at ETFtrends.com.
MercadoLibre is looking to double its electric delivery vehicle fleet in Latin America to more than 1,000 by the end of the year. In an interview with Emily Chang on Bloomberg TV, CFO Pedro Arnt said that the Buenos Aires-based e-commerce retailer and fintech giant is adding over 500 electric vans in the next few months. [...] Read more at ETFtrends.com.
Active managers are on track to have their best year since 2009. Data from S&P Dow Jones Indices show that nearly half (49%) of large-cap domestic equity funds outperformed the S&P 500 in the first six months of 2022, while the S&P 500 fell 20% on a total return basis during the same period. In [...] Read more at ETFtrends.com.
Hashdex, an asset manager specializing in cryptocurrency, announced the launch of the Hashdex Bitcoin Futures ETF (NYSE Arca: DEFI), the world’s first bitcoin futures exchange traded fund registered solely under the Securities Act of 1933. Developed with Teucrium Trading and Victory Capital Management, the ETF will be available on NYSE Arca under the ticker symbol [...] Read more at ETFtrends.com.
Thematic investors looking for future growth opportunities that can sustain themselves over a long period of time can look no further: the internet of things (IoT) is an enduring trend that can withstand changing times. Internet usage has become a mainstay, and companies are utilizing current and future technology to continue enhancing the way consumers [...] Read more at ETFtrends.com.
VettaFi’s Evan Harp sat down with Helios Quantitative CIO Joe Mallan and director of research Jason Van Thiel at Future Proof. Evan Harp: This is a unique conference, it’s entirely outside on the beach instead of inside a hotel conference room. I’m curious what you have both learned here and if there’s anything that you [...] Read more at ETFtrends.com.