Money managers are in a position to push companies to adopt more socially responsible business practices. For example, BlackRock, the world’s largest asset manager, is using its influence to affect policies of companies it invests in, increasing support for shareholder-led environmental, social, and governance proposals, along with issuing a number of criticisms of public companies, [...] Read more at ETFtrends.com.
Central banks have been net buyers of gold for 11 consecutive years. According to World Gold Council (WGC) data, central banks around the world bought 272.9 tonnes of bullion in 2020. Purchases last year were a whopping 60% lower than the record 668 tonnes added in 2019. The COVID-19 pandemic was a stronger driver for some [...] Read more at ETFtrends.com.
Starbucks Corporation SBUX released second-quarter fiscal 2021 results, after market close, on Apr 27. The company’s earnings topped estimates while revenues lagged the same. However, the metrics rose year over year amid the pandemic. Notably, shares of Starbucks have decline
Investors late to the value party don’t always need to fret. Value action may just be getting started, indicating it’s not too late to examine the already hot Invesco S&P 500® Pure Value ETF (RPV). RPV follows the S&P 500® Pure Value Index. The fund generally will invest at least 90% of its total assets [...] Read more at ETFtrends.com.
By Jeremy Schwartz, CFA, Global Head of Research; Alex Moazed, CEO of Applico FAANG is now FAMGA (Facebook, Apple, Microsoft, Google, Amazon). This is the message Applico has been communicating for the past couple years, dating back to Alex’s Fox Business interview in 2019. And since Netflix’s annual report was released this month, Netflix’s high-growth tech story has been [...] Read more at ETFtrends.com.
Earlier this week, the Federal Reserve signaled it will stand pat on its current monetary policy. That’s great news for retiree clients, because tapering in the bond market could make an already tricky fixed income environment all the more perilous. “The FOMC left policy unchanged as expected yesterday while upgrading its assessment of the economy. [...] Read more at ETFtrends.com.
Some major changes could be coming soon to a central bank near you, with an estimated 90% of them at some stage of developing a central bank digital currency, or CBDC. In October 2020, the Bahamas became the first economy to introduce its own CBDC, the Sand Dollar, but many more national currencies are expected [...] Read more at ETFtrends.com.
To learn more about Main Management and how some of our strategies could help you with your investment needs, please contact Darol Ryan, our Head of Sales and National Accounts, at ryan@mainmgt.com. Also check out Main Management CEO Kim Arthur on Twitter and Main Management on LinkedIn. Read more at ETFtrends.com.
For investors looking for momentum, Global X Copper Miners ETF COPX is probably a suitable pick. The fund just hit a 52-week high and is up 214.7% from its 52-week low price of $13.27/share.
The Pharmaceutical ETF is seeing unusually high volume in afternoon trading Friday, with over 987,000 shares traded versus three month average volume of about 122,000. Shares of PPH were down about 0.5% on the day.
In trading on Friday, the iShares U.S. Utilities ETF is outperforming other ETFs, up about 0.9% on the day. Components of that ETF showing particular strength include shares of Pacific Gas & Electric, up about 4.9% and shares of Pinnacle West Capital (PNW), up about 2.2% o
The real estate market might be in an inflection point, feeding into bullish strength for the Direxion Daily MSCI Real Estate Bull 3X ETF (DRN). “Despite the coronavirus’s negative impact, the housing market generally rode a wave of positivity through the balance of 2020, fueled by strong demand and historically low interest rates,” a Forbes [...] Read more at ETFtrends.com.
In trading on Friday, shares of the iShares China Large-Cap ETF (Symbol: FXI) crossed below their 200 day moving average of $46.23, changing hands as low as $46.13 per share. iShares China Large-Cap shares are currently trading off about 2.1% on the day. The chart below shows
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 14,550,000 units were destroyed, or a 1.7% decrease week over week. Among the largest underlying compone
Comparing units outstanding versus one week ago at the coverage universe of ETFs at ETF Channel, the biggest inflow was seen in the BBEU ETF, which added 20,200,000 units, or a 23.6% 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 ARKW ETF (Symbol: ARKW) where we have detected an approximate $90.1 million dollar outflow -- that's a 1.3% decrease week over week (from 45,400,000
Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the iShares MSCI EAFE Min Vol Factor ETF (Symbol: EFAV) where we have detected an approximate $104.6 million dollar outflow -- that's a 1.1% 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 Gold Trust (Symbol: IAU) where we have detected an approximate $98.0 million dollar outflow -- that's a 0.3% decrease week over week (from 1
Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the The Consumer Staples Select Sector SPDR— Fund (Symbol: XLP) where we have detected an approximate $69.5 million dollar outflow -- that's a 0.7
Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the Invesco S&P 500— Low Volatility ETF (Symbol: SPLV) where we have detected an approximate $162.1 million dollar outflow -- that's a 2.0% de