Economic Overview November 1, 2020 As expected, the Advance Estimate for third quarter US Gross Domestic Product showed a massive rebound from Q2’s Covidinduced collapse. GDP rose at a 33.1% annual rate, on the heals of Q2’s stunning -31.4% annualized decline. The data would seem to indicate the US is poised for more of a [...] Read more at ETFtrends.com.
Now more than ever, ETF investors need to get exposed to the quality factor. One ETF that gives investors the necessary exposure to quality by capturing upside via companies that can mute the effects of a downturn is the iShares MSCI USA Quality Factor ETF (QUAL). QUAL seeks to track the investment results of the [...] Read more at ETFtrends.com.
U.S. markets and stock exchange traded funds took pause from their post-Election Day rally as Democrat Joe Biden closes in on the Oval Office. On Friday, the Invesco QQQ Trust (NASDAQ: QQQ) rose 0.2%, SPDR Dow Jones Industrial Average ETF (NYSEArca: DIA) was down 0.2%, and iShares Core S&P 500 ETF (NYSEArca: IVV) gained 0.1%. [...] Read more at ETFtrends.com.
Wall Street is showing strong optimism post elections even as the results to the presidential race remain unclear. Notably, the Dow Jones Industrial Average has increased 7.1% week to date. Moreover, the other two major indices, the S&P 500 and Nasdaq, have surged around 7.4%
With yields on U.S. government bonds low and likely to remain that way for some time, deriving income from safe fixed income assets is all the more challenging. The Nationwide Risk-Managed Income ETF (NYSEArca: NUSI) can ease that burden. NUSI can act as a complement to traditional equity and fixed income allocations or as the [...] Read more at ETFtrends.com.
The SPDR— Portfolio MSCI Global Stock Market ETF is seeing unusually high volume in afternoon trading Friday, with over 939,000 shares traded versus three month average volume of about 29,000. Shares of SPGM were up about 0.2% on the day.
In trading on Friday, the First Trust US Equity Opportunities ETF is outperforming other ETFs, up about 2.1% on the day. Components of that ETF showing particular strength include shares of The Trade Desk, up about 27.9% and shares of Cloudflare, up about 22.2% on the day.
Continuing the improving trend of Q3, manufacturing activity kept on maintaining the winning momentum globally in Q4. Readings in several big economies’ manufacturing activities have lately come in favorable giving the signs of strength in global superpowers.
Challenges are plentiful this year when it comes to dividend equities, but there are avenues to enhance client outcomes with payout stocks. Consider the Global Dividend Model Portfolio, which is part of WisdomTree’s Modern Alpha series of model portfolios. “This model portfolio seeks to provide capital appreciation and high current dividend income, through a globally [...] Read more at ETFtrends.com.
Eaton Vance, one of the most venerable names in active mutual fund management, is continuing its quest to embrace a rising movement toward a unique exchange traded fund structure that doesn’t require issuers to disclose holdings on a daily basis. On Thursday, Boston-based Eaton Vance said that “Eaton Vance Management, a wholly-owned subsidiary, and Eaton [...] Read more at ETFtrends.com.
Obviously, the traditional energy sector is out of favor in a big way this year, but some analysts believe the group is poised to rebound, perhaps giving way to upside in exchange traded funds, such as the Alerian Energy Infrastructure ETF (ENFR). ENFR tracks the Alerian Midstream Energy Select Index (CME: AMEI). ENFR acts as a type [...] Read more at ETFtrends.com.
Votes are still being counted in several states, but it’s clear that regardless of the presidential victor, Congress is likely to be divided. That could be useful for exchange traded funds, such as the FlexShares Credit‐Scored US Corporate Bond Index Fund (NasdaqGM: SKOR). SKOR tracks the Northern Trust Credit-Scored US Corporate Bond Index, which focuses [...] Read more at ETFtrends.com.
Wall Street has been on one of its best rallies in history post election given the strong bets for a divided government with the likelihood of the Republicans continuing to control the Senate. Though the Biden-Trump election outcome is not yet finalized with several key states
An emerging concept in the e-commerce and fintech spaces is social commerce. But many exchange traded funds aren’t adequately levered to this theme. The ARK Web x.0 ETF (NYSEArca: ARKW), however, is fully incorporating the advantages of social commerce. Social commerce isn’t just a new corporate buzz phase or short-term trend. It’s backed by some [...] Read more at ETFtrends.com.
After soaring more than 14% on Thursday alone, the Global X Cannabis ETF (NASDAQ: POTX) is higher by nearly 18% over the past week. Marijuana-related ballot initiatives are the primary reason why. POTX, the first cannabis fund from Global X follows a benchmark that holds “companies involved in the legal production, growth, and distribution of [...] Read more at ETFtrends.com.
Vote counting is still happening in some marquee swing states, providing investors with an opportune time to dial back risk and bolster income streams with assets such as the Principal Spectrum Preferred Securities Active ETF (CBOE: PREF). As a high-yield asset class, preferreds historically perform well as interest rates decline. Rates are certainly faltering this [...] Read more at ETFtrends.com.
There’s an expansive world of international small-cap stocks to consider, a world many exchange traded funds overlook. Investors can rectify that narrow-mindedness with the ERShares International Equity ETF (NYSEARCA: ERSX). ERSX tracks 50 non-U.S. companies from around the world with market capitalizations between $300 million and $5 billion USD and the highest rank based on [...] 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 PJAN ETF, where 4,925,000 units were destroyed, or a 33.2% decrease week over week.
Comparing units outstanding versus one week ago at the coverage universe of ETFs at ETF Channel, the biggest inflow was seen in the ProShares ProShares UltraPro Short QQQ, which added 13,600,000 units, or a 21.1% 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 iShares S&P Mid-Cap 400 Value ETF (Symbol: IJJ) where we have detected an approximate $63.0 million dollar outflow -- that's a 1.3% decrease wee