Schwab Asset Management today announced that it would reduce the operating expense ratios of 10 passively managed ETFs and actively managed mutual funds. “We continually review our cost-effective product suite to find new opportunities to lower expenses for investors,” said David Botset, managing director, head of equity product management and innovation at Schwab Asset Management. [...] Read more at ETFtrends.com.
Shares of Kellogg Co. (NYSE: K) rose 4% in morning trading on Tuesday after the company announced its plan to split into three independent public companies. The company’s board has approved a plan to separate its global snacking, North American cereal, and plant-based foods businesses into three independent public companies, whose names will be determined [...] Read more at ETFtrends.com.
ETFs tracking Chinese technology and consumer discretionary firms have had a relatively strong month, producing a near-mirror image of those sectors being slammed by inflation and rate hikes in the U.S. Seven of the top ten-gaining ETFs over the past month follow Chinese equities, according to data from ETF Logic. Fund Name & Ticker Return, [...] Read more at ETFtrends.com.
SS&C ALPS Advisors, the asset management subsidiary of SS&C Technologies Holdings, has added the following O’Shares exchange traded funds to its ETF offerings: The ALPS O’Shares U.S. Quality Dividend ETF (OUSA) The ALPS O’Shares U.S. Small-Cap Quality Dividend ETF (OUSM) The ALPS O’Shares Global Internet Giants ETF (OGIG) The ALPS O’Shares Europe Quality Dividend ETF [...] Read more at ETFtrends.com.
The iShares Global Infrastructure ETF is seeing unusually high volume in afternoon trading Tuesday, with over 1.5 million shares traded versus three month average volume of about 454,000. Shares of IGF were up about 1.8% on the day.
Ted Oakley of Oxbow Advisors interviewed John Hathaway on a recent Sprott Insights about the gold bullion and equities markets, delving into why investors should consider gold investments in this moment. Hathaway was quick to blame the Fed on inflation, noting that “the Fed has committed to stopping inflation, which they didn’t see coming but caused.” He [...] Read more at ETFtrends.com.
In trading on Tuesday, the ARK Next Generation Internet ETF is outperforming other ETFs, up about 6.7% on the day. Components of that ETF showing particular strength include shares of Coinbase Global, up about 15.4% and shares of Tesla, up about 10.6% on the day.
Rising interest rates have been putting downward selling pressure on bonds, but that could be presenting bargain-hunting investors with a buying option at a value-filled price point. Investment firm T. Rowe Price Group Inc. says that bonds are at their “most attractive point” in years, according to a Yahoo! Finance article. As noted, rising interest [...] Read more at ETFtrends.com.
ProShares has publicly launched the first short bitcoin-linked ETF in the United States. The ProShares Short Bitcoin Strategy ETF (NYSE Arca: BITI) provides a way for investors to potentially profit from a decline in the price of bitcoin or hedge their cryptocurrency exposure with the convenience of an ETF. BITI is designed to address the [...] 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 Invesco Senior Loan ETF, where 37,400,000 units were destroyed, or a 15.4% 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 The Financial Select Sector SPDR Fund (Symbol: XLF) where we have detected an approximate $240.1 million dollar outflow -- that's a 0.8% decrease we
Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the First Trust Enhanced Short Maturity ETF (Symbol: FTSM) where we have detected an approximate $204.9 million dollar inflow -- that's a 4.4% increase
Comparing units outstanding versus one week ago at the coverage universe of ETFs at ETF Channel, the biggest inflow was seen in the DIREXION DAILY STANDARD AND POORS BIOTECH BULL 3X SHARES, which added 22,350,000 units, or a 19.6% increase 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 JPST ETF (Symbol: JPST) where we have detected an approximate $395.6 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 SPDR Bloomberg High Yield Bond ETF (Symbol: JNK) where we have detected an approximate $1.7 billion dollar outflow -- that's a 21.0% decrease week o
Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the Invesco FTSE RAFI US 1500 Small-Mid ETF (Symbol: PRFZ) where we have detected an approximate $215.4 million dollar inflow -- that's a 12.8% increase
Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the ProShares Ultra S&P500 (Symbol: SSO) where we have detected an approximate $201.3 million dollar outflow -- that's a 7.5% decrease week over wee
Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the iShares Gold Trust (Symbol: IAU) where we have detected an approximate $198.9 million dollar outflow -- that's a 0.7% decrease week over week (from
Technology and disruptive growth are investing concepts that market participants aren’t particularly fond of at the moment. However, they should be cautious about throwing babies out with the bathwater. Consider the Goldman Sachs Innovate Equity ETF (GINN). As an exchange traded fund dedicated to innovative companies, GINN’s 468 components are primarily growth stocks. Owing to [...] Read more at ETFtrends.com.
In the challenging market environment of 2022, it seems as if advisors and investors have scattered to the four corners as they comb the fund landscape for opportunities, or even havens, from rising rates in the U.S. alongside inflation and quantitative tightening. In the search for non-correlated allocations, emerging markets have become an attractive possibility, [...] Read more at ETFtrends.com.