Nasdaq ETFs

Assets in the active ETF market have grown to $302 billion as of June 30, which puts AUM within the sector on track to exceed $425 billion by the end of the year, according to the New York Stock Exchange. According to NYSE’s mid-year active ETF outlook, which lists the predictions it made at the [...] Read more at ETFtrends.com.

 With rising rates and market volatility, investors are currently in a challenging income-oriented environment. So, Harvest Volatility Management has partnered with Nationwide Financial to develop a suite of risk managed income ETFs to deliver an alternative source of income in such an environment. “As we all know, fixed income has been very challenged, equity [...] Read more at ETFtrends.com.

This was a strange week that first saw markets bet a historic 1% Fed rate hike after hotter-than-expected inflation data. US inflation jumped 9.1% in June in its biggest yearly increase in 40 years. They then offset part of their losses as Fed members said they would favour a 75-basis point hike at the July meeting. Better-than-expected retail sales also pushed the broad market higher Friday, but not enough to finish the week in positive territory.

The S&P 500 fell 0.93% (-18.95% year-to-date), the Dow Jones Industrial Average edged down 0.16% (-13.90% YTD), or 51 points. The Nasdaq was down 1.57% (-26.80% YTD).

European markets did not fare better. The MSCI EMU lost 1.12% (-19.56% YTD) while the FTSE slipped 0.56% (-3.05% YTD). Asian markets were mixed. The Shanghai Composite plunged 3.81% (-11.31% YTD), as the highly transmissible BA.5 Omicron variant is spreading rapidly, leading several cities to impose new restrictions. By contrast, Japan’s Nikkei outperformed its peers, notching a second straight week of gains (+1.02% week-over-week, -6.96% YTD).

Almost all the S&P sectors slid into the red      

The S&P consumer staples index was the only sector that managed to stay above the flatline (+0.11%). Other defensive sectors such as utilities (-0.16%) and real estate (-0.45%) were not far behind. Likewise, information technology did better than the broad market (-0.33%) against a backdrop of falling Treasury yields. Yet Microsoft fell 4.09% as the tech giant announced job cuts.

It was a tough week for energy stocks (-3.07%) after OPEC flagged fresh demand concerns. Nymex August WTI oil futures ended at $97.59 a barrel, down 6.87% over the week. Communication services (-3.26%) were also among the major decliners with Alphabet down 6.16%. The company initiated a 20-for-1 stock split after market close on Friday. Furthermore, it had said on Wednesday it would slow the pace of hiring for the rest of the year. 

Consumer discretionary (-1.04%) was weighed down by Tesla (-4.27%) though Elon Musk announced that he was terminating his $44 billion deal to buy Twitter. At the same time, AXS Investments, a California-based asset manager, launched eight single-stock leveraged ETFs on Thursday, including a bearish bet on Tesla stocks (TSLA). 

Financials also finished in negative territory (-0.90%). Citigroup delivered better-than-expected profit and revenue but its earnings still fell along with Wells Fargo & Co amid unfavourable market conditions. 

U.S. 10-year Treasury yield retreats as the Fed cools jumbo hike bets

The U.S. 10-year Treasury yield finished down 16 basis points from +3.08% to +2.92%. That’s why long-term government bond ETFs are among the week’s top 20 performers. The yield curve remains inverted with the 10-2 year spread at -0.20%. 

In Germany, the 10-year Bund yield tumbled from 1.35% to 1.13% as investors flocked to safer assets after Italian Prime Minister Mario Draghi resigned. Populist coalition partner Five Star indeed withdrew its support in a confidence vote. The Germany-Italy 10-year spread value topped -225 basis points.

Against this backdrop, investment grade corporate bonds closed higher (+0.54% in the U.S and +0.79% in Europe). High yield bonds were up +0.29% in Europe and +0.54% in the U.S. 

In contrast, emerging debt in local currencies plunged again (-1.57%) after the dollar index rose to its strongest since May 2002 (107.98). The euro hit parity with the U.S. dollar for the first time since 2002.

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In trading on Monday, the ARK Fintech Innovation ETF is outperforming other ETFs, up about 4.8% on the day. Components of that ETF showing particular strength include shares of Coinbase Global, up about 15.2% and shares of Silvergate Capital, up about 13.8% on the day.

Exchange-traded funds (ETFs) first came to market in the mid 1990s. In the thirty years that followed, the ETF sector experienced immense growth.

Comparing units outstanding versus one week ago at the coverage universe of ETFs at ETF Channel, the biggest inflow was seen in the SCHF ETF, which added 7,200,000 units, or a 0.9% increase week over week.

Looking at units outstanding versus one week prior within the universe of ETFs covered at ETF Channel, the biggest outflow was seen in the DIREXION DAILY SEMICONDUCTOR BULL 3X SHARES, where 15,650,000 units were destroyed, or a 5.5% decrease week over week.

Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the JEPI ETF (Symbol: JEPI) where we have detected an approximate $216.6 million dollar inflow -- that's a 2.1% 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 The Utilities Select Sector SPDR Fund (Symbol: XLU) where we have detected an approximate $118.6 million dollar inflow -- that's a 0.7% increase wee

Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the iShares iBoxx $ Investment Grade Corporate Bond ETF (Symbol: LQD) where we have detected an approximate $782.8 million dollar inflow -- that's a 2.4

Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the iShares 1-5 Year Investment Grade Corporate Bond ETF (Symbol: IGSB) where we have detected an approximate $101.0 million dollar inflow -- that's a 0

Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the iShares 7-10 Year Treasury Bond ETF (Symbol: IEF) where we have detected an approximate $390.4 million dollar inflow -- that's a 1.7% increase week

In trading on Monday, shares of the MLP ETF (Symbol: MLPA) crossed above their 200 day moving average of $38.32, changing hands as high as $38.38 per share. MLP shares are currently trading up about 2.8% on the day. The chart below shows the one year performance of MLPA share

Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the COWZ ETF (Symbol: COWZ) where we have detected an approximate $118.9 million dollar inflow -- that's a 2.0% 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 Russell 1000 ETF (Symbol: IWB) where we have detected an approximate $137.9 million dollar inflow -- that's a 0.5% increase week over week i

Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the Invesco S&P 500— Equal Weight ETF (Symbol: RSP) where we have detected an approximate $97.8 million dollar inflow -- that's a 0.3% increas

Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the SPDR Portfolio Intermediate Term Treasury ETF (Symbol: SPTI) where we have detected an approximate $165.1 million dollar inflow -- that's a 3.0% inc

Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the iShares MSCI USA Value Factor ETF (Symbol: VLUE) where we have detected an approximate $101.0 million dollar outflow -- that's a 1.1% decrease week

Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the SPDR Gold Shares (Symbol: GLD) where we have detected an approximate $254.4 million dollar outflow -- that's a 0.5% decrease week over week (from 35

Domestic stocks aren’t alone in troubling investors this year. Ex-U.S. developed and emerging markets are frustrating market participants, too. For example, the MSCI EAFE Index is lower by almost 22% year-to-date. There is, however, some good news in select developed markets outside the U.S., including Japan. That could be a sign that exchange traded funds, [...] Read more at ETFtrends.com.