By Matthew Poterba, CFA, Senior Analyst Global liquidity has tightened dramatically this year, which may be a headwind to global equity markets. However, not all central banks are tightening because not all countries have an inflation problem. There might be opportunities in countries with accommodative, counter-cyclical monetary policies. Japan and China, two countries investors are [...] Read more at ETFtrends.com.
An Italy country-specific exchange traded fund plunged Thursday as political risk grips the outlook, following Italian Prime Minister Mario Draghi’s decision to resign after the coalition party collapses. The iShares MSCI Italy Capped ETF (EWI) decreased 4.7% on Thursday. Italian stocks and bank debt led the region’s losses while the yield on 10-year government debt [...] Read more at ETFtrends.com.
In trading on Thursday, shares of the iShares MSCI Global Metals & Mining Producers ETF (Symbol: PICK) entered into oversold territory, changing hands as low as $31.86 per share. We define oversold territory using the Relative Strength Index, or RSI, which is a technical a
Tom Lydon appeared on CNBC’s Power Lunch to discuss three stocks going in different directions. Conagra (CAG) stewards a number of higher-end food brands and missed their recent revenue targets. “Costs are going up tremendously for them, supply chain issues, freight costs, are forcing them to raise prices, and with that, you’re seeing lower sales,” [...] Read more at ETFtrends.com.
The rally in U.S. dollar exchange traded funds may still have legs with hedge funds and investment banks betting on a stronger greenback. Year-to-date, the Invesco DB US Dollar Bullish (NYSEArca: UUP) was up 12.5% and the WisdomTree Bloomberg U.S. Dollar Bullish Fund (NYSEArca: USDU) increased 9.7%. UUP tracks the price movement of the U.S. [...] Read more at ETFtrends.com.
Wednesday’s CPI print of 9.1% of inflation year-over-year in June is the highest since 1981 and marks the second month in a row where prices rose faster than forecasters expected. Stubborn and strong inflation figures have gripped the global economy in the past several months, inevitably drawing attention to a small set of ETFs specifically [...] Read more at ETFtrends.com.
With an impressive $2 billion of ETF assets gathered since launching their first ever ETF products in February, Capital Group has set the stage for new products in the fall. The large active asset manager, behind many popular mutual funds under the American Funds brand, filed with the SEC today to launch three new fixed [...] Read more at ETFtrends.com.
Despite stock markets riding into 2022 on a surge of economic tailwinds, the climate soon changed after the year was well on its way. Rising inflation, the war in Ukraine, and a hawkish Fed soon led nervous investors to begin selling off their stocks, bringing markets into bear country. Except for commodities, almost all risk [...] Read more at ETFtrends.com.
U.S. inflation, as measured by the headline Consumer Price Index (CPI), once again climbed higher than expected in June. Headline CPI over the past year has climbed by 9.1%, the highest level in over four decades, versus expectations of 8.8%. Core CPI, which excludes food and energy, was down slightly on a year-over-year basis, but [...] Read more at ETFtrends.com.
VettaFi’s vice chairman Tom Lydon discussed the XTrackers S&P 500 ESG ETF (SNPE) on this week’s “ETF of the Week” podcast with Chuck Jaffe of “Money Life.” Interest and demand for environmental, social, and governance (ESG) products waxed strongly for several years but has fallen off in the last year, particularly in a changing market regime [...] Read more at ETFtrends.com.
India is projected to become the most populated nation in the world in 2023 as China’s population growth is expected to decrease sharply, according to the United Nation’s World Population Prospects 2022 report. Bloomberg is reporting that this is four years ahead of an earlier estimate forecasting India to surpass China by 2027. China, currently the [...] Read more at ETFtrends.com.
Financial sector-related exchange traded funds retreated Thursday as Big Banks reported earnings and warned of the potential trouble ahead with the growing risk of a recession. The Financial Select Sector SPDR (XLF) declined 2.5% on Thursday. JPMorgan’s Jamie Dimon warned that the environment is like a coming “storm” as Wall Street banks prepped for the [...] Read more at ETFtrends.com.
AXS Investments today launched a suite of eight ETFs that seek to provide leveraged long or inverse exposure to the daily performance of some of the most actively traded stocks across a variety of sectors. The ETFs are available to trade on the Nasdaq Exchange. The initial suite of AXS single-stock ETFs provides investors with [...] Read more at ETFtrends.com.
More than 3.5 billion people currently experience water scarcity, and 10% of the global population lives in countries that the United Nations considers to have high or critical levels of water scarcity
The Invesco FTSE RAFI US 1000 ETF is seeing unusually high volume in afternoon trading Thursday, with over 1.0 million shares traded versus three month average volume of about 217,000. Shares of PRF were down about 1.8% on the day.
In trading on Thursday, the Lithium ETF is outperforming other ETFs, up about 1% on the day. Components of that ETF showing particular strength include shares of Ultralife, off about 0.7% and shares of Albemarle, off about 0.8% on the day.
In trading on Thursday, shares of the AVDV ETF (Symbol: AVDV) entered into oversold territory, changing hands as low as $49.76 per share. We define oversold territory using the Relative Strength Index, or RSI, which is a technical analysis indicator used to measure momentum on
Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the SPDR Portfolio Long Term Treasury ETF (Symbol: SPTL) where we have detected an approximate $120.6 million dollar inflow -- that's a 2.0% increase we
Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the ProShares UltraPro Short QQQ (Symbol: SQQQ) where we have detected an approximate $895.7 million dollar inflow -- that's a 23.2% increase week over