As the summer begins to draw to a close, there has been a flurry of activity happening across global carbon markets as their constituents grapple with inflation, an energy crisis, legal challenges, and more. KraneShares gave a recap recently on the activity happening in each major carbon allowances cap-and-trade program as well as the voluntary [...] Read more at ETFtrends.com.
There are a proliferation of funds out there that address environmental, social, and governance priorities for investors, but in an age of increased investor engagement, one issuer is tackling climate change head-on while pioneering a strategy that can appeal to any investor and drive meaningful change within industries. Engine No. 1 is an investment firm [...] Read more at ETFtrends.com.
Gold’s “bizarre” era may be nearing a close, according to Mad Money host Jim Cramer. “The charts, as interpreted by the legendary Larry Williams, suggest that the general public’s giving up on gold en masse and he thinks that that makes it the perfect entry time to do some buying,” Cramer said. Gold has seemed [...] Read more at ETFtrends.com.
Despite being in the middle of “crypto winter,” things are looking pretty hot for Nubank’s new cryptocurrency platform. After launching Nubank Cripto in June, the São Paulo-based digital bank has reported that the new platform has already brought in 1 million customers to purchase cryptocurrencies. The platform allows users to buy and sell bitcoin and [...] Read more at ETFtrends.com.
After the Fed hiked interest rates for a fourth time this year, closed-end fund (CEF) investors may wonder how their income will be affected. For closed-end funds, interest rate hikes can create higher borrowing costs for funds that use leverage (i.e., those that issue preferred shares). Higher borrowing costs could lead to lower earnings and [...] Read more at ETFtrends.com.
Equities – and particularly the growthiest segments of the market – staged a recovery rally last month despite data showing increasing headwinds for the U.S. economy, including GDP decline for the second consecutive quarter, persistently high inflation, and slowing earnings growth. The three most popular funds in ALPS’ range of ETFs by net inflows in [...] Read more at ETFtrends.com.
Precious metals-related exchange traded funds surged Thursday as traders looked to hedge against lingering geopolitical tensions and turned to hard assets with U.S. Treasury yields slipping. Among the better-performing non-leveraged ETFs of Thursday, the ETFMG Junior Silver Miners ETF (SILJ) advanced 5.5%, the VanEck Vectors Gold Miners ETF (GDXJ) increased 5.5%, the Global X Silvers [...] Read more at ETFtrends.com.
U.S. equities staged an impressive comeback in July after a rocky first half of the year. Key performance drivers for the month were Big Tech outperformance and anticipation of a potential slowing in the pace of future rate hikes by the Fed. The S&P 500 posted a gain of 9.2%, while all factor indexes posted [...] Read more at ETFtrends.com.
Despite the S&P 500 EWI underperformance in July, Equal Weight’s trailing twelve-month relative outperformance continued, according to S&P Dow Jones Indices. The S&P 500 EWI underperformed the S&P 500 by 0.5% in July due to equal weight’s underweight to consumer discretionary. Seven out of 11 equal-weight sectors outperformed their cap-weighted counterparts during the month. The [...] Read more at ETFtrends.com.
VettaFi’s vice chairman Tom Lydon discussed the Pacer Global Cash Cows Dividend ETF (GCOW) on this week’s “ETF of the Week” podcast with Chuck Jaffe of “Money Life.” The last six weeks have seen the markets stabilize, even as the Fed continues to hike interest rates. Though this has been good news, overseas valuations [...] Read more at ETFtrends.com.
Schwab Asset Management, the asset management arm of the Charles Schwab Corp., announced that the Schwab Crypto Thematic ETF (STCE) begins trading on the NYSE Arca today. The fund is designed to track a new proprietary index, the Schwab Crypto Thematic Index, and to provide investors with global exposure to companies that may benefit from [...] Read more at ETFtrends.com.
Traders looking for opportunities outside the U.S. may want to consider giving Mexico a closer look. The country beat its growth forecast for a third straight quarter, opening pathways for traders to capitalize on its economic strength. Mexico is accomplishing this despite global inflation fears and a stronger dollar. This strengthens the case for looking [...] Read more at ETFtrends.com.
The First Trust Dorsey Wright International Focus 5 ETF is seeing unusually high volume in afternoon trading Thursday, with over 189,000 shares traded versus three month average volume of about 27,000. Shares of IFV were up about 0.7% on the day.
In trading on Thursday, the Junior Gold Miners ETF is outperforming other ETFs, up about 3.6% on the day. Components of that ETF showing particular strength include shares of Torex Gold Resources, up about 11% and shares of Wallbridge Mining, up about 10.3% on the day.
Amid fears of an impending recession, mortgage rates fell to their lowest levels since April. Freddie Mac reported on Thursday that the average rate on a 30-year fixed-rate mortgage is 4.99% this week, down from 5.3% a week earlier. Though the average 30-year fixed-rate mortgage remains above its 2.77% average from a year ago, it’s [...] Read more at ETFtrends.com.
Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the SCHR ETF (Symbol: SCHR) where we have detected an approximate $539.5 million dollar inflow -- that's a 7.2% 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 Portfolio S&P 500 Growth ETF (Symbol: SPYG) where we have detected an approximate $540.6 million dollar inflow -- that's a 3.8% increase we
Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the iShares MSCI Emerging Markets Min Vol Factor ETF (Symbol: EEMV) where we have detected an approximate $133.3 million dollar inflow -- that's a 2.2%
Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the SCHG ETF (Symbol: SCHG) where we have detected an approximate $126.9 million dollar inflow -- that's a 0.8% 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 iShares 10-20 Year Treasury Bond ETF (Symbol: TLH) where we have detected an approximate $136.6 million dollar inflow -- that's a 2.9% increase week