Nasdaq ETFs

The advent of the exchange-traded fund (ETF) has allowed for creative investments, leading to a rise in thematic funds and also opened the door for cryptocurrencies. However, one major roadblock has been the Securities Exchange Commission (SEC), which is facing a lawsuit from Grayscale Investments after denying a conversion of its Grayscale Bitcoin Trust (GBTC) [...] Read more at ETFtrends.com.

The roller-coaster ride continued in financial markets, with sharp swings rocking major equity indexes. U.S. stocks started the week with steep declines. The S&P went down to the key 3,500 level, a 50% retracement from the March 2020 Covid low of 2,237 and the January 2022 high of 4,797, before recouping its losses Thursday. It even ended the day with significant gains. Yet inflation was running hotter than expected in September. The consumer price index (CPI) rose 8.2% over the last 12 months. Furthermore, the University of Michigan survey showed that the expected year-ahead inflation rate rose to 5.1% in early October, above the 4.7% reported in September. A climb in inflation expectations is a daunting challenge for the central bank. With no sign of a slowdown in price pressures, a vast majority of traders expect the Fed to lift interest rates by 0.75% for the fourth time in a row next month.

Against this backdrop, there was no follow-through day. The S&P 500 and the tech-heavy Nasdaq composite plunged again on Friday, finishing the week in negative territory. They wiped out the previous week’s gains. 

The S&P 500 dropped 1.55% (-24.82% year-to-date). The Nasdaq sank 3.11% (-34.03% for the year). By contrast, the Dow managed to stay in the green, up 1.15% week-over-week (-18.45% YTD). The CBOE Volatility Index (VIX) closed a bit higher at 32.02, after hitting 34.29 earlier in the week.

Stocks in the eurozone were flat (MSCI EMU up 0.02%, down 22.97% YTD) while the FTSE slid 1.89% (down 7.12% YTD). In Asia, Japan’s Nikkei treaded water (down 0.09% WTD, down 5.91% YTD) while the Shanghai Composite bucked the trend (up 1.57% WTD, down 15.60% YTD).

Consumer Staples in the limelight    

Only three S&P sectors closed above the flatline. Consumer staples led the pack (+1.45% over the week), supported by PepsiCo stocks (“PEP”), up 5.31%, after the food and beverage giant announced better-than-expected Q3 results and good outlook for 2022. Among defensive sectors, healthcare also landed on the podium (up 0.80%). Financials edged up 0.20%. Major U.S. banks kicked off the quarterly earnings season with results above expectations. JPMorgan Chase & Co (“JPM”), Wells Fargo (“WFC”) and Citigroup (“C”) were up 4.92%, 3.30% and 2.47% respectively, as rising yields boosted net interest income.

On the flip side, consumer discretionary took a nosedive (-4.09%) with the freefall of Amazon (“AMZN”, down 6.69%) and Tesla (“TSLA”, down 8.11%).  Information Technology weighed on the broader market too (-3.23%). Sentiment on tech remains under pressure amid fears of more hawkish measures from the Fed. Defensive corners of the market such as the utilities sector also suffer from rising yields. The latter fell again (-2.56%) for the fifth week in a row. Ditto for real estate (-2.36%), the worst performer since mid-September with a cumulative loss of 21.34% over the last five weeks. Communication Services were pushed lower (-1.86%) by Meta platforms (“META”, down 5.01%) and Alphabet (“GOOG”, down 2.40%).

Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the iShares U.S. Consumer Staples ETF (Symbol: IYK) where we have detected an approximate $91.4 million dollar inflow -- that's a 6.3% increase week ove

Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the SCHX ETF (Symbol: SCHX) where we have detected an approximate $190.3 million dollar inflow -- that's a 0.7% increase week over week in outstanding u

Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the COWZ ETF (Symbol: COWZ) where we have detected an approximate $107.8 million dollar inflow -- that's a 1.5% increase week over week in outstanding u

Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the SPDR S&P 400 Mid Cap Growth ETF (Symbol: MDYG) where we have detected an approximate $299.5 million dollar inflow -- that's a 22.7% increase wee

Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the DBMF ETF (Symbol: DBMF) where we have detected an approximate $86.4 million dollar inflow -- that's a 9.1% increase week over week in outstanding un

Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the SPDR Blackstone Senior Loan ETF (Symbol: SRLN) where we have detected an approximate $262.8 million dollar outflow -- that's a 3.9% decrease week ov

Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the The Industrial Select Sector SPDR Fund (Symbol: XLI) where we have detected an approximate $182.2 million dollar outflow -- that's a 1.6% decrease w

Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the iShares 1-3 Year Treasury Bond ETF (Symbol: SHY) where we have detected an approximate $145.5 million dollar outflow -- that's a 0.5% decrease week

Looking at units outstanding versus one week prior within the universe of ETFs covered at ETF Channel, the biggest outflow was seen in the iShares iBoxx $ High Yield Corporate Bond ETF, where 10,000,000 units were destroyed, or a 5.5% 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 iShares Silver Trust, which added 12,800,000 units, or a 2.5% 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 MSCI USA Min Vol Factor ETF (Symbol: USMV) where we have detected an approximate $395.6 million dollar outflow -- that's a 1.4% decrease wee

Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the JMST ETF (Symbol: JMST) where we have detected an approximate $203.7 million dollar outflow -- that's a 7.1% decrease week over week (from 57,200,00

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 ETF (Symbol: EFA) where we have detected an approximate $201.6 million dollar outflow -- that's a 0.5% decrease week over week (fr

By David Semple Portfolio Manager, Emerging Markets Equity & Oksana Miller Senior Product Manager Upsides prevail in emerging markets as multiple headwinds show signs of abating. We believe the global valuation collapse has opened up tremendous opportunities in operationally strong companies. The VanEck Emerging Markets Fund (the “Fund”) returned -8.84% during the third quarter of [...] Read more at ETFtrends.com.

Gold fell for the sixth straight month in September, a losing streak we haven’t seen since 2018, as the Federal Reserve undertakes its most aggressive rate hike cycle in recent memory. The central bank has added close to 250 basis points (bps) so far this year in its fight against inflation, and many asset classes, [...] Read more at ETFtrends.com.

By Nicolas Fonseca, CFA Associate Product Manager We believe fallen angels may look attractive over the next year with the carry now offsetting a 1.43% rise in yield from rates or spreads. Fallen angels underperformed broad high yield (HY) by 0.37% in September -4.39% vs. -4.02%) and were in line in Q3 (-0.68% for both [...] Read more at ETFtrends.com.

Given the large small- and mid-cap stock universe and lack of analyst coverage, we believe a more selective approach may be a better choice than a broad-market exposure. We explore in this Q&A. Small- and mid-cap (SMID-cap) stocks offer compelling return potential, but the lack of analyst coverage and research can lead to greater dispersion [...] Read more at ETFtrends.com.

By David Graichen Head of Capital Markets Discordant is the best way to describe the markets right now. Under the backdrop of leading central banks rolling out opposing policies, markets have been rising and falling every alternate date. For instance, last month, the Bank of England (BOE) announced it would postpone its quantitative tightening (QT) and resume buying long-end gilts. [...] Read more at ETFtrends.com.