We’re awash in mid-year predictions articles right now. Almost all of them will mention inflation, interest rates, global energy and related conflicts, and the mid-term elections. Those will all be important, but honestly, we all already have our chosen sources, filters, and biases on those topics, and I’m not out to change anyone’s mind on [...] Read more at ETFtrends.com.
Communication services and media sector-related exchange traded funds are strengthening Friday as Netflix (NasdaqGS: NFLX) shares rallied, following the online streamer’s partnership with Microsoft (NasdaqGS: MSFT) for lower-priced, ad-supported services. On Friday, the Vanguard Communication Services (VOX) rose 2.2% and the Invesco Dynamic Media ETF (PBS) increased 3.0%. Meanwhile, Netflix shares were 7.9% higher on [...] Read more at ETFtrends.com.
Bank of America lowered its target for the S&P 500 this year by 900 points, to 3,600, forecasting a “mild” U.S. recession starting in the second half of 2022 and expecting the Federal Reserve to “pivot” in 2023. In a research report released Thursday, equity and quant strategists at Bank of America called the new [...] Read more at ETFtrends.com.
The ARK Fintech Innovation ETF (ARKF) was the most popular fund in ARK’s range of ETFs in June, as measured by net inflows. ARKF saw $31 million in net inflows in June, partially offsetting the fund’s outflows this year, which amount to $87 million in net outflows during the first half of the year, according [...] Read more at ETFtrends.com.
Citigroup (NYSE: C) shares surged Friday, lifting financial sector-related exchange traded funds after the bank posted second-quarter results that beat expectations in profits and revenue. On Friday, the Invesco KBW Bank ETF (KBWB) increased by 3.8% and the First Trust Nasdaq Bank ETF (FTXO) advanced by 4.2%. The broader and more widely observed Financial Select Sector [...] Read more at ETFtrends.com.
The iShares Core Conservative Allocation ETF is seeing unusually high volume in afternoon trading Friday, with over 1.5 million shares traded versus three month average volume of about 394,000. Shares of AOK were up about 0.6% on the day.
China is considering letting local governments sell $220 billion of bonds as part of a plan to accelerate infrastructure funding and help revive the country’s economy. Citing unnamed sources familiar with the matter, Bloomberg reported that the bond sales would be brought forward from 2023’s quota, marking the first time bonds are sold before start [...] Read more at ETFtrends.com.
At Exchange: An ETF Experience 2022, ALPS’ director of ETF portfolio management and research Andy Hicks acknowledged that while inflation is “a big concern on investors’ minds,” he also noted that “the question is not how high it’s going to be going, but how much it’s going to come down at some point.” “Which is [...] Read more at ETFtrends.com.
The recent sell-off in energy stocks has been primarily driven by recession concerns but shouldn’t be taken by investors as a sign to flee the space. Despite the sell-off observed in the energy sector over the past month, the fundamentals of the midstream space are still very constructive, Stacey Morris, CFA, head of energy research [...] Read more at ETFtrends.com.
In trading on Friday, the Invesco KBW Bank ETF is outperforming other ETFs, up about 4.4% on the day. Components of that ETF showing particular strength include shares of Citigroup, up about 10.2% and shares of State Street, up about 6.8% on the day.
Equal-weight indexes have historically been more volatile than their market cap-weighted counterparts. The S&P 500 Equal Weight Index has historically demonstrated about 15% more volatility than the market cap-weighted S&P 500 and has a down capture above one, leaving the question as to why, in the current environment characterized by heightened volatility, the equal-weight index [...] Read more at ETFtrends.com.
Investors who have long followed the electric vehicle industry know that central to this investment thesis is adoption, and that translates to how many EVs manufacturers sell. Market participants also hear plenty about EV “tipping points” and the relevance of such junctures to equities and exchange traded funds such as the IQ Cleaner Transport ETF [...] Read more at ETFtrends.com.
Comparing units outstanding versus one week ago at the coverage universe of ETFs at ETF Channel, the biggest inflow was seen in the iShares U.S. Treasury Bond ETF, which added 13,800,000 units, or a 1.8% 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 SPDR S&P 500 ETF Trust, where 14,750,000 units were destroyed, or a 1.6% decrease week over week. Among the largest underlying compone
Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the ASHR ETF (Symbol: ASHR) where we have detected an approximate $80.7 million dollar inflow -- that's a 2.9% increase week over week in outstanding un
Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the SCHX ETF (Symbol: SCHX) where we have detected an approximate $69.3 million dollar inflow -- that's a 0.3% increase week over week in outstanding un
Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the iShares TIPS Bond ETF (Symbol: TIP) where we have detected an approximate $273.5 million dollar inflow -- that's a 0.9% increase week over week in o
Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the Invesco QQQ (Symbol: QQQ) where we have detected an approximate $358.3 million dollar inflow -- that's a 0.2% increase week over week in outstanding
Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the The Industrial Select Sector SPDR Fund (Symbol: XLI) where we have detected an approximate $598.5 million dollar outflow -- that's a 4.8% decrease w