United Wholesale Mortgage, the second-largest mortgage lender in the U.S., has announced plans to allow customers to make payments in bitcoin. UWM CEO Mat Ishbia told MoneyWise that the company believes accepting cryptocurrency for monthly payments will increase convenience for some of its nearly 1 million customers. UWM has not provided details on how exactly [...] Read more at ETFtrends.com.
The escalating fee war in the exchange traded fund industry has been so widespread that it is even having a significant impact on actively managed funds. According to Morningstar, an annual study revealed that average expense ratios have halved in the past two decades, falling to 0.41% of the total amount invested in all funds [...] Read more at ETFtrends.com.
On this week’s ETF Edge, CNBC’s Bob Pisani, back in the studio, discusses the growing interest in staying in the market as it continues hitting new highs while still providing downside protection. He is joined by ETF Trends’ CIO and Director of Research, Dave Nadig, along with Simplify ETFs’ Paul Kim, whose firm specializes in [...] Read more at ETFtrends.com.
The Japanese yen currency-related exchange traded fund is among the worst-performing of developed country currency funds this year, and it may continue to experience volatility as the country looks at a number of domestic issues. The CurrencyShares Japanese Yen Trust (NYSEArca: FXY) has declined 6.3% year-to-date. Meanwhile, the Japanese yen now trades at around 109.91 [...] Read more at ETFtrends.com.
There’s a tug-of-war happening in the energy patch today. Traditional fossil fuels producers are viewed as climate offenders, while purveyors of solar, wind, and smart grid technologies, among others, are seen as positive disruptive forces. Caught in the middle are midstream energy companies and pipeline operators. While midstream energy companies typically count oil and gas [...] Read more at ETFtrends.com.
Growth stocks and related exchange traded funds rallied on Monday, with the technology sector leading the S&P 500 and Nasdaq to record highs, after the Federal Reserve assuaged fears of a sudden rollback in accommodative measures. High-growth technology companies typically benefit from expectations of steady economic expansion and a lower-rate environment since their value rests [...] Read more at ETFtrends.com.
Home to the likes of Apple (NASDAQ:AAPL), Microsoft (NASDAQ:MSFT), Amazon (NASDAQ:AMZN), and an assortment of other well-known growth stocks, the Nasdaq-100 Index (NDX) is a paradise for investors seeking growth exposure. Importantly, the Nasdaq-100 has a lengthy history of outperforming rival broader benchmarks, such as the S&P 500 and the Russell 1000. However, that out-performance [...] Read more at ETFtrends.com.
Crude oil futures and crude ETFs have been volatile following the fallout from Hurricane Ida and investor concerns about an OPEC+ meeting that could potentially result in additional output once again. Oil futures dropped by as much as 1.6% Monday, as analysts and workers assessed damage from Ida. Gasoline futures rocketed over 4% earlier in [...] Read more at ETFtrends.com.
The Pyth network — a decentralized data oracle — went live last Friday. The network launched on the Solana blockchain and will support DeFi projects on the chain. Pyth will do this by collecting data on conventional markets as well as cryptocurrencies and digital assets, and by aggregating the data on the blockchain to be used for [...] Read more at ETFtrends.com.
Coffee futures and related exchange traded notes jumped on Monday as another round of poor weather forecasts threatened to weigh on an already-stressed crop outlook in Brazil, the world’s biggest coffee producer. The iPath Series B Bloomberg Coffee Subindex Total Return ETN (NYSEArca: JO) increased 4.4% Monday and was up 41.0% year-to-date. Meanwhile, ICE Coffee [...] Read more at ETFtrends.com.
The CEF Municipal Income ETF is seeing unusually high volume in afternoon trading Monday, with over 1.8 million shares traded versus three month average volume of about 72,000. Shares of XMPT were down about 0.2% on the day.
Should you be worried about a high CAPE ratio? A recent article in Advisor Perspectives highlighted how high CAPE ratios have historically resulted in low S&P 500 returns. The Shiller PE ratio is something that is fiercely debated in the investment community. My takeaway: Don’t obsess over it but keep it in the big picture. [...] Read more at ETFtrends.com.
Investors can use options to hedge their positions, but it can be a complex affair. As such, three ETFs from Global X employ options in their funds as a built-in risk management component. Utilizing options can allow an investor to take the inverse of their current position if markets go awry. This is especially the [...] Read more at ETFtrends.com.
In trading on Monday, the Rare Earth/Strategic Metals ETF is outperforming other ETFs, up about 3.6% on the day. Components of that ETF showing particular strength include shares of Lithium Americas, up about 4.3% and shares of Livent, up about 2.1% on the day.
While equities have been heading downwards, it’s not gold that investors have been flocking to as of late. Bonds have been the preferred safe haven asset thus far this year. Even as the 60-40 stock-bond portfolio split is coming out of favor with advisors, it doesn’t mean that bonds have fallen to the wayside completely. [...] 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 SPDR S&P 500 ETF Trust, where 12,050,000 units were destroyed, or a 1.4% decrease week over week. Among the largest underlying compone
Investors are piling into environmental, social, and governance (ESG) strategies. At the end of 2019, there was an estimated $30 trillion in ESG assets. Some experts believe that this figure could tack on another $20 trillion by 2040. Those are big numbers, and they underscore the importance of advisors having a game plan for conversing [...] Read more at ETFtrends.com.
Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the SPDR— S&P— Biotech ETF (Symbol: XBI) where we have detected an approximate $443.6 million dollar inflow -- that's a 6.2% increase we
Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the iShares Core 1-5 Year USD Bond ETF (Symbol: ISTB) where we have detected an approximate $133.3 million dollar inflow -- that's a 2.3% increase week