Tight credit spreads might be keeping many fixed income investors from heading into corporate bonds, but funds like the Vanguard High Dividend Yield ETF (VYM) could benefit from a pension bailout. “U.S. President Joe Biden’s pension bailout might do more than just support troubled retirement plans,” a Bloomberg article said. “It could also spur tens [...] Read more at ETFtrends.com.
U.S. special purpose acquisition companies, or SPACs, are targeting companies with high environmental, social, and governance characteristics. According to Nomura Greentech data, U.S. IPOs by SPACs with a focus on ESG or sustainability, along with those in sectors including environmental technology, transportation, industrials, water and energy, accounted for 49 out of a total of 306 [...] Read more at ETFtrends.com.
A global renewable energy surge is getting a boost from China, which can access with the KraneShares MSCI China Clean Technology Index ETF (KGRN). The latest numbers from the International Energy Agency show an increased contribution from China in renewable energy. “The IEA predicts large capacity gains in renewable energy will become the ‘new normal’ [...] Read more at ETFtrends.com.
Wall Street was moderate last week. The S&P 500, the Dow Jones and the Russell 2000 lost about 0.4%, 0.5% and 0.4%, respectively while the Nasdaq Composite gained about 0.3%. Rising Inflation has been playing foul on the stock market lately.
Biotechnology equities are slumping to start 2021, with the S&P Biotechnology Select Industry Index down 10% year-to-date. Mergers and acquisitions activity, which are typically vibrant in the biotech space, are also in a funk. Yet many experts believe biotech consolidation is poised to pick up the pace in the second half of 2021. If that [...] Read more at ETFtrends.com.
Before the opening bell on May 21, the world’s largest agricultural equipment maker under the iconic John Deere brand, Deere & Co DE reported better-than-expected second-quarter fiscal 2021 results, beating estimates on both the top and bottom lines. In addition, th
The Invesco S&P 500— Downside Hedged ETF is seeing unusually high volume in afternoon trading Monday, with over 295,000 shares traded versus three month average volume of about 104,000. Shares of PHDG were up about 0.5% on the day.
In trading on Monday, the iShares PHLX Semiconductor ETF is outperforming other ETFs, up about 2.3% on the day. Components of that ETF showing particular strength include shares of Nvidia, up about 4.2% and shares of Applied Materials, up about 4% on the day.
Countries like Portugal were among the hardest hit during the pandemic, but as tourism starts to return, look for the Global X MSCI Portugal ETF (PGAL) to rebound. Portugal recently re-opened its border to non-essential travel, paving the way for more tourism. This is giving the country hope as it re-adjusts its economic growth forecast [...] 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 ProShares ProShares Ultra VIX Short-Term Futures ETF, where 4,900,000 units were destroyed, or a 2.3% 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 iShares MSCI Canada ETF (Symbol: EWC) where we have detected an approximate $78.3 million dollar outflow -- that's a 1.8% decrease week over week (f
Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the iShares S&P Mid-Cap 400 Growth ETF (Symbol: IJK) where we have detected an approximate $71.0 million dollar outflow -- that's a 0.9% decrease 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 MSCI International Developed Markets ETF (Symbol: IDEV) where we have detected an approximate $71.7 million dollar outflow -- that's a
Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the Invesco KBW Bank ETF (Symbol: KBWB) where we have detected an approximate $96.2 million dollar outflow -- that's a 3.4% decrease week over week (fro
Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the SPDR— Bloomberg Barclays Convertible Securities ETF (Symbol: CWB) where we have detected an approximate $90.5 million dollar outflow -- that's
The Invesco S&P 500 Low Volatility ETF (SPLV) is a passive exchange traded fund, but there are times when it undergoes some noticeable sector shifts. SPLV, one of the titans among “low vol” ETFs, follows the S&P 500® Low Volatility Index. Both the ETF and the benchmark are rebalanced four times a year, with the [...] 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 iShares PHLX Semiconductor ETF (Symbol: SOXX) where we have detected an approximate $103.5 million dollar outflow -- that's a 1.6% decrease week ove
Last week was a volatile one for the stock market. While inflation fears triggered a sell-off in the broad tech sector and took a toll on the markets early last week, the rebound in the tech sector on bargain hunting made up for some losses to the end the week. Notably, t
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