Looking at the underlying holdings of the ETFs in our coverage universe at ETF Channel, we have compared the trading price of each holding against the average analyst 12-month forward target price, and computed the weighted average implied analyst target price for the ETF itsel
Looking at the underlying holdings of the ETFs in our coverage universe at ETF Channel, we have compared the trading price of each holding against the average analyst 12-month forward target price, and computed the weighted average implied analyst target price for the ETF itsel
Looking at the underlying holdings of the ETFs in our coverage universe at ETF Channel, we have compared the trading price of each holding against the average analyst 12-month forward target price, and computed the weighted average implied analyst target price for the ETF itsel
By Natalia Gurushina Chief Economist, Emerging Markets Fixed Income China’s latest activity indicators suggest that the economy might still need extra help. Easing, however, is not an option in many other EMs, despite growth concerns. China Growth Outlook China’s domestic activity indicators were better than expected in August, but (a) annual improvements were modest (see chart below), and (b) they reflected a low [...] Read more at ETFtrends.com.
By Lonnie S. Jacobs Associate Director, Research Content For the first time since 2002, the euro has traded below parity with the U.S. dollar. While it has rebounded along with other risk assets back above a few times, concerns about the economic impact of the war in Ukraine pushed the euro down to its lowest levels in [...] Read more at ETFtrends.com.
By Roland Morris Portfolio Manager and Strategist, Commodities With the Fed’s latest “higher for longer” interest rate comments, commodities pulled back in the month of August, but continue to hold strong year to date. Macro Outlook: Inflation Drags on Commodities Recovery Commodities continued to recover from the July lows for most of August, but finished the month [...] Read more at ETFtrends.com.
By Natalia Gurushina Chief Economist, Emerging Markets Fixed Income China’s growth forecast revisions look worse than most EM peers. But decisions about the policy direction might have to wait until October’s party congress. Hiking into Recession Emerging market (EM) growth headwinds are real, and so are concerns about a sharp growth slowdown in the coming months [...] Read more at ETFtrends.com.
Many Californians right now are no doubt feeling the whipsaws of conflicting government policies. Not a month ago, they learned that the state will ban the sale of gas-powered vehicles by 2035, mandating that all new passenger cars and trucks sold in the state must be electric vehicles (EVs). Then, in a dizzying about-face, residents [...] Read more at ETFtrends.com.
We believe the Inflation Reduction Act is a critical catalyst to accelerate the sustainable development of a sustainable green resources sector in the U.S. On August 16, 2022, President Biden signed the Inflation Reduction Act (“the Act”) into law. We believe the Act is a critical catalyst to accelerate the sustainable development of a sustainable green [...] Read more at ETFtrends.com.
The ETF Express US 2022 Awards are open for voting. The inaugural ETF Express US Awards happened in 2019, and since then ETF Express has recognized the achievements of ETF managers and service providers in the US. VettaFi is thrilled and honored to announce that we have been nominated in two categories – Best ETF [...] Read more at ETFtrends.com.
Cloud computing has become the backbone of technology infrastructure. It helps companies expand their reach across new internet-based products and services, payment methods, big data, the internet of things, social distribution, and media. In the upcoming webcast, An Advisors Guide to Cloud Computing and the Future of the Internet, Frank Downing and Will Summerlin, analysts [...] Read more at ETFtrends.com.
Investors should take a look at exchange traded fund strategies to help capitalize on the potential benefits of environmental, social, and governance investing in the current market. In the recent webcast, Beyond the Backlash: Why ESG Matters More Than Ever, Michael Andeberhan, ESG investment strategist at State Street Global Advisors, highlighted the growing importance and [...] Read more at ETFtrends.com.
Real estate as an asset class has been favored for its low correlation with traditional stock and bond investments and ability to generate current income, as these trusts must distribute at least 90% of their income to investors, according to VettaFi. There are only four actively managed real estate ETFs available to investors as of [...] Read more at ETFtrends.com.
China has released economic data for August that reflected recovery from July and growth, though elements of that growth are likely to be challenged this month with COVID lockdowns. Retail sales continued to grow at a faster rate in August, coming in at 5.4% year-over-year compared to July’s 2.7% rise and handily beat analyst expectations [...] Read more at ETFtrends.com.
Active large-cap domestic equity managers have been proving their worth thus far this year, with nearly half (49%) of such funds outperforming the S&P 500 in the first six months of 2022. Meanwhile, the S&P 500 fell 20% on a total return basis during the same period, according to S&P Dow Jones Indices. “Declining markets [...] Read more at ETFtrends.com.
Uber Eats and Nuro last week inked a deal to do robot food delivery in California and Texas. As part of the 10-year partnership with Uber Eats, Nuro will deliver food with its autonomous robots. All delivery fees will remain the same with the exception of tips. Customers who tip in advance will get refunds [...] Read more at ETFtrends.com.
Market and investor hopes of inflation easing were dashed this week with the release of August’s consumer price index report that revealed broad inflation growing 0.1% month-over-month and core inflation climbing 0.6% over the same period. Fed fund rates, currently between 2.25-2.50%, could conceivably hit 4% early next year, and Kevin Flanagan, head of fixed [...] Read more at ETFtrends.com.
Accounting practices can present a distorted picture of a publicly traded company’s profitability. Plus, earnings reports tend to be historically backward-looking. Therefore, free cash flow can be a more reliable metric than earnings to determine how profitable a company is. Simply put, free cash flow is the cash a company generates after its cash outflows [...] Read more at ETFtrends.com.
The Invesco International Dividend Achievers ETF is seeing unusually high volume in afternoon trading Friday, with over 2.4 million shares traded versus three month average volume of about 204,000. Shares of PID were off about 1.2% on the day.
In trading on Friday, the Silver Miners ETF is outperforming other ETFs, up about 0.9% on the day. Components of that ETF showing particular strength include shares of Mcewen Mining, up about 6% and shares of Hecla Mining, up about 2.9% on the day.