The United Kingdom’s pound sterling and currency-related exchange traded fund plunged Thursday after the Bank of England hiked rates to their highest level since 2009 but warned of recession risks. The currency-focused Invesco Currency Shares British Pound Sterling (NYSEArca: FXB), which tracks the GBP against the U.S. dollar, dropped 2.1% on Thursday. Meanwhile, the sterling retreated [...] Read more at ETFtrends.com.
High dividend-paying stocks and related exchange traded funds have been garnering more attention as investors look for ways to sit out the volatility in 2022. For example, the iShares Core High Dividend ETF (HDV) increased 4.0% year-to-date, compared to the 11.5% drop in the S&P 500. The strength in high dividend-paying stocks has been unconventional since [...] Read more at ETFtrends.com.
The reality of Fed tightening and the concerns around recession, and the Fed’s willingness to allow for it to fight inflation saw markets bleed on Thursday, giving up all the gains they made briefly on Wednesday in the biggest about-face since the onset of the pandemic, reports the Wall Street Journal. Tech stocks were some [...] Read more at ETFtrends.com.
As the goal of keeping the global temperature below 1.5°C becomes increasingly out of reach, members of the Paris Agreement are establishing a commission to address the dire effects of the global temperature exceeding the 1.5°C or even 2°C. Set to launch this month, the Climate Overshoot Commission will consist of 15 former ministers, presidents, [...] Read more at ETFtrends.com.
Exchange traded fund investors can look to the alternative income category to help make the best risk return trade-off to meet their income needs. In the recent webcast, Enhance Your Fixed Income Portfolio with Rising Rate Strategies: Senior Loans and Securitized Debt, George Goudelias, Head of Leveraged Finance, Senior Portfolio Manager, Seix Investment Advisors; Nicodemus [...] Read more at ETFtrends.com.
Markets and crypto may have initially been hopeful after Federal Reserve Chair Jerome Powell’s announcement of a 0.50% interest rate increase but underlying belief in a strong and resilient economy; those hopes have been dashed as markets plummeted on Thursday, with crypto no exception, reports CoinDesk. The correlation between bitcoin and equities, particularly the S&P [...] Read more at ETFtrends.com.
Franklin Templeton has changed the name, investment objective, and principal strategies of the Franklin Liberty Municipal Bond ETF (NYSE Arca: FLMB). Effective May 3, the fund was renamed the Franklin Municipal Green Bond ETF, and under normal market conditions, it will invest at least 80% of its net assets in municipal green bonds. The actively [...] Read more at ETFtrends.com.
ETF Trends’ CEO Tom Lydon discusses the SPDR S&P Dividend ETF (SDY) on this week’s ETF of the Week podcast with Chuck Jaffe of the MoneyLife Show. Lydon explains that dividends have become a popular choice for advisors and investors, particularly within the S&P 500, as inflation remains high and Fed tightening has resulted in a cumulative [...] Read more at ETFtrends.com.
Those looking to save for retirement may want to consider an Individual Retirement Account. But which is better: a SIMPLE IRA or a traditional one? As is the case with nearly all retirement plans, it depends on everyone’s unique situation. Over at SmartAsset, personal finance expert Sarah Sharkey walks readers through the key differences between [...] Read more at ETFtrends.com.
In trading on Thursday, shares of the SPDR Portfolio Long Term Treasury ETF (Symbol: SPTL) entered into oversold territory, changing hands as low as $32.86 per share. We define oversold territory using the Relative Strength Index, or RSI, which is a technical analysis indicato
In trading on Thursday, shares of the Copper Miners ETF (Symbol: COPX) crossed below their 200 day moving average of $38.69, changing hands as low as $38.25 per share. Copper Miners shares are currently trading off about 6.2% on the day. The chart below shows the one year per
In trading on Thursday, shares of the Vanguard Long-Term Treasury ETF (Symbol: VGLT) entered into oversold territory, changing hands as low as $69.75 per share. We define oversold territory using the Relative Strength Index, or RSI, which is a technical analysis indicator used
In trading on Thursday, shares of the SPDR Bloomberg Emerging Markets Local Bond ETF (Symbol: EBND) entered into oversold territory, changing hands as low as $20.97 per share. We define oversold territory using the Relative Strength Index, or RSI, which is a technical analysis
In trading on Thursday, shares of the HTRB ETF (Symbol: HTRB) entered into oversold territory, changing hands as low as $34.73 per share. We define oversold territory using the Relative Strength Index, or RSI, which is a technical analysis indicator used to measure momentum on
MercadoLibre Inc. (MELI) has been one of the biggest success stories in emerging markets over the past 10 years. Since launching its IPO in 2007, the Buenos Aires-based e-commerce giant has seen an annualized return of 29%. Cumulative, that return skyrockets to 4,207%. “Mercadolibre has really evolved into a dynamic tech company. When it launched [...] Read more at ETFtrends.com.
It is widely believed that the Federal Reserve has multiple interest rate hikes ahead of it this year and that it could get more aggressive with rate tightening in a bid to damp high inflation. Conventional wisdom also holds that Fed tightening regimes can be drags on emerging markets assets, and there is some historical [...] Read more at ETFtrends.com.
With the S&P 500 down 8% over the past month — a period encompassing a significant chunk of first-quarter earnings season — it would be easy for investors to blame the benchmark equity gauge’s recent weakness on slack earnings reports and outlooks. Investors willing to dig a little deeper will actually find some pleasant surprises [...] Read more at ETFtrends.com.
It’s been a long road, with hard lessons learned along the way for Robert Joseph (RJ) Scaringe, CEO of Rivian, but the electric vehicle manufacturer believes that the macro-dynamics have never been better for his company and the industry and that Rivian will stand apart from Tesla in the years to come, reports Financial Times. [...] Read more at ETFtrends.com.
The SPDR S&P 600 Small Cap Value ETF is seeing unusually high volume in afternoon trading Thursday, with over 652,000 shares traded versus three month average volume of about 229,000. Shares of SLYV were off about 3.2% on the day.
In trading on Thursday, the Invesco S&P 500 QVM Multi-factor ETF is outperforming other ETFs, up about 2.9% on the day. Components of that ETF showing particular strength include shares of Epam Systems, up about 9.1% and shares of Albemarle, up about 7.4% on the day.