The financial media loves to get predictions from experts about where they think the S&P 500 index is headed. Some experts look at technical analysis patterns, others look at valuation metrics, others apply a broad macro view of the economy. In this article, we present anot
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
As investors consider the best type of investment for the current market environment, many will be weighing the pros and cons of passive and actively managed exchange traded funds to get the most bang for their buck. Index-based, passive ETFs have proven to outperform active funds over the long term, but swift market changes and [...] Read more at ETFtrends.com.
In a broad risk-off environment, global thematic exchange traded funds suffered heavy outflows as investors trimmed exposure to niche plays that mostly captured high-growth themes. Thematic fund strategies targeting high-growth plays and new trends previously attracted robust inflows in the past few years as investors shifted their attention to the post-COVID recovery. However, these same [...] Read more at ETFtrends.com.
Amazon.com Inc. (NasdaqGS: AMZN) shares rallied Friday, lifting consumer discretionary sector-related exchange traded funds after the e-commerce giant’s second-quarter results beat expectations and offered a positive outlook. On Friday, the Consumer Discretionary Select Sector SPDR (NYSEArca: XLY) rose 3.7%, the Vanguard Consumer Discretionary (NYSEArca: VCR) gained 3.6%, and the Fidelity MSCI Consumer Discretionary Index (NYSEArca: [...] Read more at ETFtrends.com.
Small-capitalization stocks and related exchange traded funds are beginning to outperform the broader stock market as many try to pick up a bargain in a beleaguered equity segment. Over the past month, the iShares Russell 2000 ETF (IWM), which tracks the benchmark Russell 2000 Index of small-caps, gained 10.6%. Meanwhile, the SPDR S&P 500 ETF [...] Read more at ETFtrends.com.
Treasury bond exchange traded funds are gaining momentum on signs of more muted inflation ahead and lingering recession risks fueling a return to traditional safety bets. Among the better performing non-leveraged ETFs of Monday, the Vanguard Extended Duration Treasury ETF (EDV) rose 2.7%, the SPDR Portfolio Long Term Treasury ETF (SPTL) increased 1.9%, the PIMCO [...] Read more at ETFtrends.com.
With higher relative yields, a history of strong risk-adjusted returns, and protection against rising rates, there is a strong case for a strategic allocation to collateralized loan obligations (CLOs) within an income portfolio. In the upcoming webcast, CLOs: Lower Duration Risk and Pick Up Yield, Fran Rodilosso, head of fixed income ETF portfolio management at [...] Read more at ETFtrends.com.
The Federal Reserve’s plan to aggressively raise rates to fight inflation has fueled investor concerns over possible market turmoil and a possible recession. Higher rates and declining economic growth are challenging on many fronts. After all, how will higher rates and prices impact sales? Plus, will this lead consumers to cut back on spending? The [...] Read more at ETFtrends.com.
The most considerable energy-focused equity ETFs in the U.S. have taken almost $6.7 billion in net outflows since May in a combination of profit-taking and fears over when, or if, the country falls into recession. Retail traders, however, have kept their inflows steady. Estimates of retail action from VandaTrack show individual investors added more than [...] Read more at ETFtrends.com.
Institutional investors such as pension funds and endowments are eyeing more distressed debt opportunities, anticipating that a recession will allow them to profit from the debt of struggling companies. “There are lots of people who anticipate we’re headed into a recession and think we should be opportunistic and get in front of this and try [...] Read more at ETFtrends.com.
Indian food delivery company Zomato (ZOMT.NS) is considering making some organizational changes whereby each of its individual businesses would have its own CEO while the parent company would be renamed “Eternal.” According to Reuters, Zomato’s CEO Deepinder Goyal said in an internal company memo that the company was running the Zomato food delivery business as [...] Read more at ETFtrends.com.
Detractors of bitcoin-related exchange traded funds (ETFs) like the ProShares Bitcoin ETF (BITO) are quick to label the cost of getting exposure to the leading cryptocurrency as expensive, but an expense ratio doesn’t tell the full story. The fund’s lower premium in bitcoin futures exposure highlights the maturation process of the market. The annualized premium [...] Read more at ETFtrends.com.
At Exchange: An ETF Experience 2022, Graham Day, vice president of product and research at Innovator ETFs, said that inflation and rising rates are the biggest challenges facing investors in 2022. And while geopolitical risks “tend to wane over shorter periods of time,” Day noted that “inflation can persist for years.” “Historically, the Fed [...] Read more at ETFtrends.com.
The SPDR S&P 400 Mid Cap Growth ETF is seeing unusually high volume in afternoon trading Monday, with over 547,000 shares traded versus three month average volume of about 145,000. Shares of MDYG were down about 0.1% on the day.
The Federal Reserve enacted its second consecutive 0.75% interest rate hike last week in response to June’s soaring 9.1% inflation number and indicators of a still strong jobs market that added 372,000 jobs in June. Neel Kashkari, president of the Federal Reserve Bank of Minneapolis, appeared on CNBC’s “Face the Nation” on Sunday, reiterating that [...] Read more at ETFtrends.com.
Recession concern is on the rise after the most recent Federal Reserve interest rate hike of 75 basis points (0.75%) at the July Federal Open Market Committee meeting. With a month break until the next FOMC meeting in September, economic slowdown already flagging in several indicators, and a second quarter of GDP contraction, worry is [...] Read more at ETFtrends.com.
Investors are increasingly looking to couple investments in carbon-based sources of energy, such as crude oil and natural gas, with investments in renewable energy sources, such as wind, solar, and fuel cells, to fully capitalize on the energy transition. The growth of renewable capacity is forecast to accelerate in the next five years, accounting for [...] Read more at ETFtrends.com.