The Biden administration could help reverse decisions under Trump’s U.S. Department of Labor that make it harder for fiduciaries of retirement plans to steer money toward environmental, social, and governance (ESG) funds. In his first week of office, President Joe Biden has signed an executive order that will review the Labor Department’s 2020 ruling on [...] Read more at ETFtrends.com.
ETF Trends CEO Tom Lydon discussed the ProShares Online Retail ETF (ONLN) on this week’s “ETF of the Week” podcast with Chuck Jaffe on the MoneyLife Show. ONLN tracks a global, modified market-cap weighted index of stocks issued by companies classified as online retailers. The fund tracks the performance of the ProShares Online Retail Index. The [...] Read more at ETFtrends.com.
For investors looking for momentum, Invesco NASDAQ Internet ETF PNQI is probably a suitable pick. The fund just hit a 52-week high and is up around 125% from its 52-week low price of $108.12/share.
As ESG investing keeps on growing, clean energy initiatives will keep the sun shining on clean energy ETFs like the Global X CleanTech ETF (CTEC). At a 0.50% expense ratio, CTEC seeks to provide investment results that correspond generally to the price and yield performance, before fees and expenses, of the Indxx Global CleanTech Index. [...] Read more at ETFtrends.com.
Getting more than broad-based bond exposure doesn’t mean investors have to deep dive into the debt market. They can start with three ETFs from Invesco that are seeing heavy average daily volume. Invesco Senior Loan ETF (BKLN): seeks to track the investment results of the S&P/LSTA U.S. Leveraged Loan 100 Index. The Adviser and the [...] Read more at ETFtrends.com.
The euphoria in the Wall Street was clearly visible as President Joe Biden was sworn into office peacefully. The market rallied to a record close on expectations of additional fiscal stimulus aid and wider vaccine rollout. Thus, the Dow Jones Industrial Average rose 0.8% to a new
U.S. markets and stock exchange traded funds seesawed between gains and losses Thursday as signs of a weakening labor market weighed on the positive earnings results. On Thursday, the Invesco QQQ Trust (NASDAQ: QQQ) rose 0.7%, SPDR Dow Jones Industrial Average ETF (NYSEArca: DIA) was up 0.1%, and iShares Core S&P 500 ETF (NYSEArca: IVV) gained [...] Read more at ETFtrends.com.
As income-minded exchange traded fund investors look for ways to generate additional cash in their portfolios, it is equally important to think about managing the risk in doing so. In the recent webcast, Tactical High Yield Solutions for Today’s Yield-Starved Environment, Matthew Bartolini, Head of SPDR Americas Research, State Street Global Advisors, outlined how the [...] Read more at ETFtrends.com.
Liquid Strategies, the parent of Overlay Shares ETFs, announced their suite of ETFs has crossed $300 million in assets under management since it began trading on the NYSE Arca in October 2019. Overlay Shares also announced the launch of two new ETFs to add to their suite of funds. “We are particularly proud of raising this level of [...] Read more at ETFtrends.com.
While stocks and index ETFs are mixed on Thursday, the Nasdaq Composite notched a new record once again, as investors are optimistic that big tech companies could come through with strong earnings next week. Gains in the Nasdaq and QQQ ETF were driven by Apple’s 3% climb higher, after analyst Katy Huberty from Morgan Stanley [...] Read more at ETFtrends.com.
Small cap strength is showing itself in the Russell 2000, which is up over 46% within the last six months. The Invesco S&P SmallCap Value with Momentum ETF (XSVM), which is up almost 60% in that same time frame, adds dashes of value and momentum to the mix. At a total expense ratio of 0.39%, [...] Read more at ETFtrends.com.
The Direxion Daily Transportation Bull 3X Shares (TPOR) is up about 8% to start 2021, and the transportation sector itself looks poised to keep moving forward. This bodes well for bullish traders in the sector. TPOR seeks daily investment results equal to 300 percent of the daily performance of the Dow Jones Transportation Average. The index [...] Read more at ETFtrends.com.
Energy has been one of the top-performing sectors so far in 2021. Yet rather than getting a run-of-the-mill energy fund with a handful of heavy allocations towards big oil, investors can opt for an alternate play via the Global X MLP & Energy Infrastructure ETF (MLPX). According to data from CSIMarket.com, energy leads the pack [...] Read more at ETFtrends.com.
Like the rest of the world, Russia is trying to weather the economic storm caused by the Covid-19 pandemic. However, the country’s officials are projecting positive GDP growth for 2021, which is a good sign for the VanEck Vectors Russia Small-Cap ETF (RSXJ). “Russia’s economy is recovering gradually after contraction amid the pandemic, Prime Minister [...] Read more at ETFtrends.com.
2021 is seeing early strength appear in various themes, including environmental, social, and governance (ESG) investing and in China. That said, a pair of funds to consider are the Xtrackers MSCI All China Equity ETF (CN) and the Xtrackers S&P 500 ESG ETF (SNPE). CN seeks investment results that correspond to the performance of the MSCI [...] Read more at ETFtrends.com.
Micro cap equities can give investors maximum gains, as seen in the iShares Micro-Cap ETF (IWC), up over 50% in the last six months. As global economies continue to heal, look for micro caps to continue gaining strength. IWC seeks to track the investment results of the Russell Microcap Index, which measures the performance of [...] Read more at ETFtrends.com.
The First Trust Industrials/Producer Durables AlphaDEX Fund ETF is seeing unusually high volume in afternoon trading Thursday, with over 902,000 shares traded versus three month average volume of about 124,000. Shares of FXR were down about 0.3% on the day.
In trading on Thursday, the Invesco Solar ETF is outperforming other ETFs, up about 3.8% on the day. Components of that ETF showing particular strength include shares of Sunpower, up about 14.3% and shares of Maxeon Solar Technologies, up about 11.4% on the day.
Genomics is one of the premier disruptive technologies. While several exchange traded funds provide access to this fast-growing industry, the ARK Genomic Revolution Multi-Sector Fund (CBOE: ARKG) is arguably the best when it comes to keeping pace with the rapidly changing world of genomics advances. Take the case of HiFi sequencing chemistry, a still nascent [...] Read more at ETFtrends.com.
By Tony Soslow, CFA, Senior Portfolio Manager Bitcoin Vigilantes Market Recap Anticipating strong economic and earnings gains in 2021 after the COVID-inspired recession in 2020, broad stock indices continued their hefty rally in 2020’s fourth quarter. I believe resolved political, economic, tax, and virus uncertainties inspired investors to the riskier, cyclical, and ignored parts of [...] Read more at ETFtrends.com.