As growth stocks rebounds, exchange traded fund investors are diving back into technology sector-related strategies. Among the most popular ETFs over the past week, the Direxion Daily Semiconductor Bull 3X ETF (SOXL) attracted $1.3 billion in net inflows, the Technology Select Sector SPDR Fund (NYSEArca: XLK) added $600 million in inflows, and the Invesco QQQ [...] Read more at ETFtrends.com.
Active management is picking up steam and gaining market share from its passive counterparts, leading investors to wonder if there are certain situations in which they need to look to higher-cost active funds for outperformance. Jenny Johnson, president and CEO of Franklin Templeton, sat down with Julie Hyman, anchor for Yahoo Finance, today at Exchange: [...] Read more at ETFtrends.com.
Currency-hedged Japan country-related exchange traded funds could continue to be a better way to access the Japanese markets as the yen currency depreciates in the face of a loose monetary policy outlook. The currency-hedged WisdomTree Japan Hedged Equity Fund (NYSEArca: DXJ), which hedges against the negative effects of a depreciating yen currency relative to the [...] Read more at ETFtrends.com.
A corn exchange traded fund could continue to find support as President Joe Biden temporarily lifts the limit of ethanol blended into gasoline to help ease the country’s burden of rising energy prices. The Teucrium Corn Fund (CORN) gained 0.7% on Wednesday. CORN has increased 34.1% year-to-date. The Biden administration argued that lifting the use [...] Read more at ETFtrends.com.
Investors are understandably concerned with the risk of crypto theft. Crypto criminals directly stole a record $3.2 billion worth of cryptocurrency last year, according to Chainalysis, marking a fivefold increase from 2020. Dave Nadig, financial futurist at ETF Trends and ETF Database, sat down with Matt Hougan, CIO at Bitwise Asset Management, today at Exchange: [...] Read more at ETFtrends.com.
BlackRock, on a call to analysts to discuss better-than-expected performance in the first quarter, highlighted the focus on the renewable transition by investors happening now and going forward, reports Financial Times. CEO of BlackRock, Larry Fink, believes that the Ukraine-Russia war has forced countries to move away from their energy dependence on Russia and to focus [...] Read more at ETFtrends.com.
Travel sector-related exchange traded funds jumped on Wednesday after Delta Air Lines Inc. (NYSE: DAL) projected rising profits in the current quarter as consumers satiate their wanderlust. Among the best-performing non-leveraged ETFs of Wednesday, the U.S. Global Jets ETF (NYSEArca: JETS) advanced 4.8%, the Defiance Hotel Airline and Cruise ETF (CRUZ) increased 4.9%, and the SonicShares Airlines, [...] Read more at ETFtrends.com.
Apple (NASDAQ:AAPL) is a marquee, if not the largest holding in a slew of exchange trade funds, including a number of ETFs tracking the Nasdaq-100 Index (NDX) or derivatives of that widely followed benchmark. The Invesco ESG NASDAQ100 ETF (QQMG) is part of that group. QQMG follows the Nasdaq-100 ESG Index — the environmental, social, [...] Read more at ETFtrends.com.
Broadly speaking, 2022 is shaping up to be another rough year for emerging markets equities, but upon closer examination, there are pockets of strength amid the calamity caused by Chinese and Russian stocks. On a regional basis, Latin America is an obvious standout. For example, the First Trust Latin America AlphaDEX Fund (NYSE: FLN) is [...] Read more at ETFtrends.com.
Brazil is seeing an uptick in consumer spending, according to the latest figures from the Brazilian Institute of Geography and Statistics (IBGE). Per the government agency, retail sales in Brazil rose 1.1% in February from January, beating analyst expectations. Economists in a Reuters poll had anticipated a month-over-month increase of only 0.1%, while a survey of [...] Read more at ETFtrends.com.
China’s banning of cryptocurrencies and crypto mining in the summer of 2021 continues to pay dividends for the U.S. as increasingly more companies and their supply chains develop domestically. The latest potential is that of Intel, an American manufacturer of semiconductor chips that are used in bitcoin and cryptocurrency mining. Intel is currently being slated [...] Read more at ETFtrends.com.
ARK Invest sees one software segment poised to grow leaps and bounds above where people expect overall IT spending to go, with attributable market cap exceeding $100 trillion just for the innovative segment alone. Todd Rosenbluth, head of research at ETF Trends and ETF Database, sat down with Brett Winton, director of research at ARK [...] Read more at ETFtrends.com.
DoubleLine and Barclays have announced a strategic partnership to market and distribute exchange traded funds under DoubleLine ETF Adviser LP. “The pairing of our complementary skill sets and resources in the ETF space will write, I’m sure, a productive new chapter in our now decade-long collaboration,” said DoubleLine CEO Jeffrey Gundlach in a news release. Barclays group [...] Read more at ETFtrends.com.
In trading on Wednesday, the ARK Next Generation Internet ETF is outperforming other ETFs, up about 3.5% on the day. Components of that ETF showing particular strength include shares of Cloudflare, up about 6.6% and shares of Sea Limited, up about 6.2% on the day.
It’s already well-known that Tesla CEO Elon Musk’s tweets can move markets. One of his latest tweets could provide insight on what venture he may be undertaking next, which relates to lithium mining. The push for electric vehicles is doing wonders for lithium investors. For lithium consumers, it’s a different story: Price of lithium has [...] Read more at ETFtrends.com.
Inflation has risen yet again at a rate not seen in four decades, and as costs continue to climb on basic living essentials such as food, many who are close to retirement are delaying it, and those in retirement are being forced back to the workplace, reports the Wall Street Journal. Economists believe that it [...] Read more at ETFtrends.com.
In trading on Wednesday, shares of the Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF (Symbol: PDBC) crossed above their 200 day moving average of $18.62, changing hands as high as $18.63 per share. Invesco Optimum Yield Diversified Commodity Strategy No K-1 s
Looking at units outstanding versus one week prior within the universe of ETFs covered at ETF Channel, the biggest outflow was seen in the The Financial Select Sector SPDR Fund, where 86,800,000 units were destroyed, or a 7.2% decrease week over week. Among the largest underly
Comparing units outstanding versus one week ago at the coverage universe of ETFs at ETF Channel, the biggest inflow was seen in the iShares MSCI Emerging Markets ETF, which added 24,300,000 units, or a 3.9% increase week over week. Among the largest underlying components of EE