SolarEdge Technologies Inc. (NasdaqGS: SEDG) shares plummeted Wednesday, dragging down solar sector-related exchange traded funds, after quarterly earnings results disappointed market expectations. On Wednesday, the Invesco Solar ETF (TAN) declined by 2.9% and the Global X Solar ETF (RAYS) decreased by 4.5%. Meanwhile, SolarEdge shares plunged 19.1% on Wednesday. SEDG makes up 10.0% of TAN’s [...] Read more at ETFtrends.com.
“Rates are going to continue to go up, and that’s something that we’re going to have to deal with,” @Vetta_Fi Vice Chairman @TomLydon says. “A year ago, it was unclear what the Fed was going to do.” pic.twitter.com/8YLjitrDSC — Yahoo Finance (@YahooFinance) August 3, 2022 VettaFi Vice Chair Tom Lydon appeared on Yahoo!Finance to talk [...] Read more at ETFtrends.com.
Moderna Inc (NasdaqGS: MRNA) shares surged Wednesday, lifting biotechnology sector-related exchange traded funds, after the pharmaceutical company revealed better-than-expected profit and revenue in its latest quarterly report, along with a share buyback plan. On Wednesday, the Invesco Nasdaq Biotechnology ETF (IBBQ) increased 4.2%, the ETFMG Treatments Testing and Advancements ETF (GERM) advanced 5.5%, and the [...] Read more at ETFtrends.com.
Crude oil prices and related exchange traded funds plunged Wednesday, with gasoline prices easing, as Americans cut back on the traditional summertime road trip. On Wednesday, the United States Oil Fund (USO), which tracks West Texas Intermediate crude oil futures, and the United States Brent Oil Fund (BNO), which tracks Brent crude oil futures, were [...] Read more at ETFtrends.com.
As we look to the innovative companies at the forefront of the fintech industry, investors can consider an exchange traded fund strategy to target this growing opportunity in a quickly changing global market. In the recent webcast, Frictionless Funding, Blockchain, and Next-Gen Transactions: The Technologies Transforming the Financial Sector, Sam Korus, associate portfolio manager at [...] Read more at ETFtrends.com.
The Alerian MLP Infrastructure Index (AMZI), the underlying index for the Alerian MLP ETF (AMLP), gained 12.59% in July on a total return basis, outperforming the S&P 500’s 9.22% increase during the same period. After a challenging June, MLPs rallied last month as strong earnings results and announcements of steady or growing distributions helped shift [...] Read more at ETFtrends.com.
The U.S. dollar continuing to strengthen can be extremely problematic for other countries’ economies, impacting the U.S. trade deficit and adding persistent inflationary pressures abroad. It was such a problem in the 1980s that the Plaza Accord was struck in 1985 between the U.S., France, Germany, the U.K., and Japan to intentionally depreciate the U.S. [...] Read more at ETFtrends.com.
One fund manager believes that India’s domestic market makes the country well-positioned to withstand a global recession. Sudarshan Murthy, a portfolio manager at fund manager GQG Partners LLC, told Bloomberg that while overseas investors have pulled $30 billion from India’s stock market so far this year, his firm is bullish on the country, investing more [...] Read more at ETFtrends.com.
Equities Rebound in July Despite some turbulent months in the first half of the year, equities posted strong returns in July, given the Nasdaq-100 Index gained 16.4% since June 16th, likely on the back of an anticipated dovish Federal Reserve. For the month, US growth was the best performer (+12.5%), followed by US mid-caps (+10.9%) [...] Read more at ETFtrends.com.
The Invesco Dynamic Energy Exploration & Production ETF (PXE) is among the top performing ETFs year to date. PXE has returned 49.9% year to date and 9.8% over one month, according to VettaFi. During the same period, the fund has taken in $77 million in net inflows, totaling $270 million in assets under management. The [...] Read more at ETFtrends.com.
The Federal Reserve’s aggressive plan to fight inflation has many investors worried that a recession is nigh. As a result, undervalued stocks with high free cash flows have been gaining in popularity with investors. Free cash flow represents the cash a company has available to use on repaying creditors or sending dividends to investors. “Given [...] Read more at ETFtrends.com.
Near-term predictions for the U.S., Europe, and much of the world continue to be one of monetary tightening as economies continue to grapple with inflation and growth slows. China remains one of the handfuls of countries, and the largest economically, to be easing as its central banks add stimulus to try to bolster growth as [...] 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 (OILU ) MicroSectors Oil & Gas Exp. & Prod. 3x Leveraged ETN 33.67% (NRGU B) MicroSectors U.S. Big Oil Index 3X [...] Read more at ETFtrends.com.
U.S. equities rebounded in July, driven by better-than-expected earnings and anticipation of a potential slowing in the pace of future rate hikes by the Fed. The funds in FlexShares’ suite of ETFs that invest in U.S.-domiciled companies offered investors particularly strong returns during the past month, with the FlexShares STOXX US ESG Select Index Fund [...] Read more at ETFtrends.com.
While passively managed fixed income exchange-traded funds are popular among investors, they come with many potential challenges. In addition to true index replication being nearly impossible, passive strategies often lack the flexibility to adapt to changing market environments. Not to mention, individual security research and analysis are absent in passive fixed income ETFs. On the [...] Read more at ETFtrends.com.
At Exchange: An ETF Experience 2022, DoubleLine’s deputy chief investment officer Jeffrey Sherman said he believed that inflation, and the Federal Reserve’s aggressive fight against it, will be the biggest challenge facing investors in 2022. “Inflation is paramount on their minds,” Sherman said of members of the Federal Open Market Committee. “They’re going to [...] Read more at ETFtrends.com.
Looking at units outstanding versus one week prior within the universe of ETFs covered at ETF Channel, the biggest outflow was seen in the SPDR Portfolio Intermediate Term Treasury ETF, where 31,100,000 units were destroyed, or a 18.9% decrease week over week.
Comparing units outstanding versus one week ago at the coverage universe of ETFs at ETF Channel, the biggest inflow was seen in the iShares MSCI EAFE Growth ETF, which added 11,200,000 units, or a 10.6% increase week over week. Among the largest underlying components of EFG, i