Looking at the underlying holdings of the ETFs in our coverage universe at ETF Channel, we have compared the trading price of each holding against the average analyst 12-month forward target price, and computed the weighted average implied analyst target price for the ETF itsel
Looking at the underlying holdings of the ETFs in our coverage universe at ETF Channel, we have compared the trading price of each holding against the average analyst 12-month forward target price, and computed the weighted average implied analyst target price for the ETF itsel
Looking at the underlying holdings of the ETFs in our coverage universe at ETF Channel, we have compared the trading price of each holding against the average analyst 12-month forward target price, and computed the weighted average implied analyst target price for the ETF itsel
Looking at the underlying holdings of the ETFs in our coverage universe at ETF Channel, we have compared the trading price of each holding against the average analyst 12-month forward target price, and computed the weighted average implied analyst target price for the ETF itsel
Speculative-grade debt and junk bond-related exchange traded funds have stumbled since mid-August as renewed fears of the Federal Reserve’s interest rate outlook weighed on the recent risk rally. Over the past week, the iShares iBoxx $ High Yield Corp Bond ETF (HYG) decreased 2.8% and the SPDR Bloomberg Barclays High Yield Bond ETF (JNK) declined [...] Read more at ETFtrends.com.
By Rob Williams, Director of Research The Fed is likely to wrap up hiking rates by year-end, which is good news for fixed income investors. What the Fed has articulated and what futures markets indicate is that they will finish with the federal funds rate in the 3.0% to 3.50% range. This also jives with [...] Read more at ETFtrends.com.
Investors may be too pessimistic about the outlook for oil markets and energy sector-related exchange traded funds. While money managers may be hedging against a global slowdown with a lower demand outlook for raw materials like oil, others are much more optimistic. For example, Saudi Prince Abdulaziz bin Salman recently argued that the oil futures [...] Read more at ETFtrends.com.
Uranium sector-specific exchange traded funds surged Wednesday after Japanese Prime Minister Fumio Kishida announced that Japan will restart its nuclear power plants and outlined plans for developing next-generation reactors. Among the best performing non-leveraged ETFs of Wednesday, the North Shore Global Uranium Mining ETF (URNM) increased 14.5% and the Global X Uranium ETF (URA) advanced [...] Read more at ETFtrends.com.
Investors who are looking for ways to diversify their portfolios can consider the benefits of a managed futures exchange traded fund strategy. In the recent webcast, Is Your Portfolio Stuck in the Past? Look to Managed Futures, Andrew Beer, managing member, Dynamic Beta investments, noted that there may be many misconceptions about liquid alternatives. Some [...] Read more at ETFtrends.com.
Fixed income has faced a range of challenges this year, but in volatile, changing markets there have been several opportunities that have appeared, including within high yield. That’s what Kevin Flanagan, head of fixed income strategy at WisdomTree, tackled on his latest Basis Points podcast this week. “Heading into 2022, a definitive argument could have [...] Read more at ETFtrends.com.
Nobu’s Notes July FOMC Minutes The market rally experienced over the past month is a direct result of the FOMC’s July meeting as many see the Fed signally pauses in rate increases. We continue to see a tug of war between those that think the Fed will fight inflation and those that think the Fed [...] Read more at ETFtrends.com.
Commodities exposure has been one of the primary go-to plays amid rising inflation, but the wind has gone out of the sails recently. However, Wall Street analysts see this as a temporary pullback and are ramping up bets on a commodities rally to hit before the end of the year. “Commodities have broadly pulled back [...] Read more at ETFtrends.com.
Invesco, a top global asset management firm, has expanded its commodities ETF suite with the launch of the Invesco Agriculture Commodity Strategy No K-1 ETF (PDBA). PDBA seeks long-term capital appreciation by investing indirectly via a subsidiary in commodities futures, collaterals such as cash, and high-quality securities that are linked economically to the agriculture industry. [...] Read more at ETFtrends.com.
VettaFi editor-in-chief Lara Crigger appeared in Sowing Seeds: The Popularity of Agricultural Commodities ETFs to discuss commodities for The Money Show’s ETF Investing Virtual Expo. Agricultural commodities have had a big year as inflation surged and scarcity issues brought about by supply chain strain and geopolitical conflict have inspired investors to explore agricultural commodities ETFs. [...] Read more at ETFtrends.com.
Investors looking for the alluring combination of favorable valuations, quality, and growth don’t have to look far. In fact, plenty of familiar mega-cap growth stocks are today sporting enviable quality traits and compelling valuations. Plenty of those names are also marquee components in a variety of exchange traded funds, including the Invesco QQQ Trust (QQQ) [...] Read more at ETFtrends.com.
Like any other industry, bitcoin mining isn’t free of risk or potential controversy. In fact, despite its relative youth, the bitcoin mining industry has already encountered controversy at the hands of critics pointing out that the industry isn’t environmentally friendly. At a time when corporations and investors — both professional and retail — are increasingly [...] Read more at ETFtrends.com.
AdvisorShares, the largest cannabis fund manager, today launched the AdvisorShares MSOS 2x Daily ETF (MSOX). MSOX seeks daily investment results that, before fees and expenses, correspond to two times (2x) the total daily return of the AdvisorShares Pure U.S. Cannabis ETF (MSOS). MSOX does not seek to achieve its stated investment objective over a period [...] Read more at ETFtrends.com.
Inspire Investing, a biblically responsible investing firm, has launched the Inspire Fidelis Multi-Factor ETF (FDLS). FDLS, listed on the NYSE on August 24 with a 85 basis point expense ratio, is Inspire’s ninth fund launch, building on the success of its previous biblical ETFs and continuing its aggressive effort to advance the biblically responsible investing [...] Read more at ETFtrends.com.
In trading on Wednesday, shares of the PEY ETF (Symbol: PEY) crossed below their 200 day moving average of $21.16, changing hands as low as $21.15 per share. PEY shares are currently trading down about 0.2% on the day. The chart below shows the one year performance of PEY sha
In trading on Wednesday, shares of the TFI ETF (Symbol: TFI) entered into oversold territory, changing hands as low as $46.03 per share. We define oversold territory using the Relative Strength Index, or RSI, which is a technical analysis indicator used to measure momentum on