A Turkey country-specific exchange traded fund has been rallying as foreign investors become more risk-tolerant and look for cheap areas of the emerging markets. Since the late-October lows, the iShares MSCI Turkey ETF (NasdaqGM: TUR) increased by 57.1%. Over the past three months, TUR advanced 40.1%, whereas the broader iShares Core MSCI Emerging Markets ETF (NYSEArca: [...] Read more at ETFtrends.com.
New York Governor Andrew Cuomo is supporting legalizing wagers on sporting events, but his decision may not be all too good for the biggest sports exchange traded fund play. The Roundhill Sports Betting & iGaming ETF (BETZ), which provides exposure to sports betting and iGaming industries, rose 0.4% Thursday after increasing 3.1% Wednesday in response [...] Read more at ETFtrends.com.
In the wake of pro-Trump supporters storming the Capitol in a historic insurrection, Bitcoin surged past $40,000 to notch a fresh record high on Thursday, as the total value of the entire cryptocurrency market crested $1 trillion for the first time, keeping crypto ETF dreams alive. According to data from Coin Metrics, the digital coin [...] Read more at ETFtrends.com.
An exchange traded fund focused on 3D printing was the best performer of Thursday after 3D Systems (DDD) issued a better-than-expected fourth quarter result. The ARK 3D Printing ETF (CBOE: PRNT) advanced 10.3% on Thursday. The ARK 3D Printing ETF tries to reflect the Total 3D-Printing Index’s performance, which is designed to track companies involved in [...] Read more at ETFtrends.com.
U.S. markets and stock exchange traded funds were at record highs on Thursday, with technology taking the lead, as traders looked for more coronavirus stimulus under a Democrat-controlled government. On Thursday, the Invesco QQQ Trust (NASDAQ: QQQ) rose 2.8%, SPDR Dow Jones Industrial Average ETF (NYSEArca: DIA) was up 1.4% and iShares Core S&P 500 ETF [...] Read more at ETFtrends.com.
Following what is sure to be a historic day, where pro-Trump protesters overran the Capitol building, and Congress confirmed the election of Joe Biden as president, stocks and index ETFs hit fresh all-time highs on Thursday, as political tensions eased. The Dow Jones Industrial Average rallied 0.77%, while the Nasdaq Composite jumped 2.38%, to breach 13,000 [...] Read more at ETFtrends.com.
Oil prices are perking up to start 2021, but that doesn’t mean energy companies are preparing to be profligate spenders again. In fact, tighter purse strings could benefit energy exchange traded funds, such as the FlexShares Morningstar Global Upstream Natural Resource Index Fund (NYSEArca: GUNR). GUNR provides exposure to the rising demand for natural resources [...] Read more at ETFtrends.com.
The floodgates of spending by big oil companies are likely to remain closed this year even if crude prices rally and that could actually be a positive for midstream assets, including the Alerian Energy Infrastructure ETF (ENFR). The ALPS ETF tracks the Alerian Midstream Energy Select Index (CME: AMEI). ENFR acts as a type of hybrid energy [...] Read more at ETFtrends.com.
At first glance, 2020 was unkind to dividend stocks, but much of that negativity was confined to the first half of the year. Overall, there were some encouraging signs for dividend payers and data confirm as much. In fact, there’s is noticeable momentum for dividend stocks as of late, indicating WisdomTree Global Dividend Model Portfolio [...] Read more at ETFtrends.com.
Whether you’re looking for a short-term opportunity to trade early new year strength or something for the long haul, one fund to look at is the Global X MSCI China Consumer Staples ETF (CHIS). The fund is up 9% to start 2021 and more strength could be ahead as China’s economy continues the healing process. [...] Read more at ETFtrends.com.
Traders sifting through the mass of leveraged ETF opportunities might want to give this single-country fund a look: the Direxion Daily South Korea Bull 3X Shares (KORU) is up 15% to start the year and more upside could be brewing. KORU seeks daily investment results, before fees and expenses, of 300% of the daily performance of the [...] Read more at ETFtrends.com.
By now, most ETF investors know about environmental, social, and governance (ESG) investing, but if you’re late to the party, you can start with broad exposure within the S&P 500 with funds like the Xtrackers S&P 500 ESG ETF (SNPE). SNPE seeks investment results that correspond generally to the performance, before fees and expenses, of [...] Read more at ETFtrends.com.
In trading on Thursday, the Invesco WilderHill Clean Energy ETF is outperforming other ETFs, up about 8.3% on the day. Components of that ETF showing particular strength include shares of Plug Power, up about 32.6% and shares of Fuelcell Energy, up about 24.8% on the day.
A new actively managed ETF based on a performance-driven hedge fund launched last week called Compound Kings® (KNGS). Direct-to-investor start-up Upholdings debuted the first-of-its-kind growth ETF. Led by former Everlane CFO Robert Cantwell, Upholdings uses technology to navigate regulatory and financial hurdles to offer individual investors direct access to a performance-driven investment manager. Cantwell built [...] Read more at ETFtrends.com.
The broader market kicked off 2021 on a decent note after a smashing end to 2020. The S&P 500 and the Dow Jones hit new highs to close out the year. The showstopper was the tech-heavy Nasdaq. A tech-driven rally led the Nasdaq Composite to jump about 44% in 2020.
Despite the Covid-19 pandemic wreaking havoc on the capital markets in 2020, the ETF industry showed its ability to not only weather the storm but to prosper in spite of it. Factor-based funds were also winners, which puts funds like the iShares Edge MSCI USA Momentum Factor ETF (MTUM) and the iShares Edge MSCI USA Value [...] Read more at ETFtrends.com.
We have had several inquiries this morning asking us if we thought the market was primed for a pullback given the potential for a blue sweep. Astoria Portfolio Advisors’ view is the following: There is significant liquidity sloshing around the system (Fed implementing QE + fiscal stimulus). There are calls for even more stimulus to [...] Read more at ETFtrends.com.
The Santa Claus rally did not disappoint in 2020 as most major U.S. equity indices put in new all-time highs late in December. The broadening of the equity market rally continued in December as small and mid-cap stocks continued their recent outperformance of large-caps. Growth made a comeback in December after underperforming value in recent [...] Read more at ETFtrends.com.
With a sweep of the Senate runoff races in Georgia Tuesday, Democrats control the White House and both houses of Congress, stoking speculation that a massive government spending is coming. That could benefit infrastructure assets, such as the AGFiQ Global Infrastructure ETF (GLIF). The AGFiQ Global Infrastructure ETF uses a multi-factor investment process to seek [...] Read more at ETFtrends.com.