Indian food delivery company Zomato (ZOMT.NS) is considering making some organizational changes whereby each of its individual businesses would have its own CEO while the parent company would be renamed “Eternal.” According to Reuters, Zomato’s CEO Deepinder Goyal said in an internal company memo that the company was running the Zomato food delivery business as [...] Read more at ETFtrends.com.
Detractors of bitcoin-related exchange traded funds (ETFs) like the ProShares Bitcoin ETF (BITO) are quick to label the cost of getting exposure to the leading cryptocurrency as expensive, but an expense ratio doesn’t tell the full story. The fund’s lower premium in bitcoin futures exposure highlights the maturation process of the market. The annualized premium [...] Read more at ETFtrends.com.
At Exchange: An ETF Experience 2022, Graham Day, vice president of product and research at Innovator ETFs, said that inflation and rising rates are the biggest challenges facing investors in 2022. And while geopolitical risks “tend to wane over shorter periods of time,” Day noted that “inflation can persist for years.” “Historically, the Fed [...] Read more at ETFtrends.com.
The SPDR S&P 400 Mid Cap Growth ETF is seeing unusually high volume in afternoon trading Monday, with over 547,000 shares traded versus three month average volume of about 145,000. Shares of MDYG were down about 0.1% on the day.
The Federal Reserve enacted its second consecutive 0.75% interest rate hike last week in response to June’s soaring 9.1% inflation number and indicators of a still strong jobs market that added 372,000 jobs in June. Neel Kashkari, president of the Federal Reserve Bank of Minneapolis, appeared on CNBC’s “Face the Nation” on Sunday, reiterating that [...] Read more at ETFtrends.com.
Recession concern is on the rise after the most recent Federal Reserve interest rate hike of 75 basis points (0.75%) at the July Federal Open Market Committee meeting. With a month break until the next FOMC meeting in September, economic slowdown already flagging in several indicators, and a second quarter of GDP contraction, worry is [...] Read more at ETFtrends.com.
Investors are increasingly looking to couple investments in carbon-based sources of energy, such as crude oil and natural gas, with investments in renewable energy sources, such as wind, solar, and fuel cells, to fully capitalize on the energy transition. The growth of renewable capacity is forecast to accelerate in the next five years, accounting for [...] Read more at ETFtrends.com.
Morningstar provided a list of bond funds that earned a gold rating in various bond groups: core, short-term, and specialized. A pair of Vanguard bond funds were tapped as ideal options for getting core exposure. “Investors with goals in the three- to 10-year range—say, buying a new home, retiring within the next decade, or sending [...] Read more at ETFtrends.com.
Further cementing the long-term viability of the metaverse investment thesis, high-level executives at some Fortune 500 companies are increasingly eyeing metaverse expenditures. That could be a long-term positive for metaverse-related equities and exchange traded funds such as the Fidelity Metaverse ETF (FMET). While the metaverse as an investment opportunity is in its infancy — as [...] Read more at ETFtrends.com.
On the surface, the Franklin LibertyQ U.S. Small Cap Equity ETF (CBOE: FLQS) may not strike many investors as the ideal equity avenue for surviving and thriving during a recession. However, some market observers are bullish on small-caps, even against the backdrop of a potentially rough economic pullback. In fact, FLQS, which tracks the LibertyQ [...] Read more at ETFtrends.com.
In trading on Monday, the ARK Next Generation Internet ETF is outperforming other ETFs, up about 2.5% on the day. Components of that ETF showing particular strength include shares of Roku, up about 8.7% and shares of Shopify, up about 5.6% on the day.
First Trust Advisors announced that it has made changes to the name, ticker, and index for the fund formerly known as the First Trust Global Engineering and Construction ETF (NYSE Arca: FLM). Effective August 1, the fund’s name is now the First Trust Alerian U.S. NextGen Infrastructure ETF (NYSE Arca: RBLD). In addition, the fund [...] Read more at ETFtrends.com.
Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the Invesco Russell 1000—Dynamic Multifactor ETF (Symbol: OMFL) where we have detected an approximate $131.7 million dollar outflow -- that's a 6.
Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the First Trust Senior Loan Fund (Symbol: FTSL) where we have detected an approximate $122.2 million dollar outflow -- that's a 3.4% decrease week over
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 $151.1 million dollar inflow -- that's a 0.5% 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 Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF (Symbol: PDBC) where we have detected an approximate $200.9 million dollar inflow --
Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the iShares Core S&P Mid-Cap ETF (Symbol: IJH) where we have detected an approximate $225.8 million dollar inflow -- that's a 0.4% 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 Invesco NASDAQ 100 ETF (Symbol: QQQM) where we have detected an approximate $146.7 million dollar inflow -- that's a 3.2% increase week over week in
Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the ProShares Ultra S&P500 (Symbol: SSO) where we have detected an approximate $141.2 million dollar inflow -- that's a 4.4% 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 The Materials Select Sector SPDR Fund (Symbol: XLB) where we have detected an approximate $183.6 million dollar outflow -- that's a 3.0% decrease we