On the heels of the SEC considering stricter disclosure requirements for ESG ETFs and Tesla being removed from the S&P 500 ESG Index, a panel at Inside ETFs gave some key players in the ETF ecosystem a chance to defend ESG. Defense was needed because Eric Balchunas, senior ETF analyst and moderator of the panel, [...] Read more at ETFtrends.com.
As Bitcoin has become a widely discussed investment topic, investors are looking for more opportunities to incorporate Bitcoin into their portfolios. As many investors are comfortable with using ETFs and other index-linked products due to their relative ease and diversification benefits, they may notice that U.S. ETFs are not yet eligible to have spot Bitcoin [...] Read more at ETFtrends.com.
By Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA | PDF Crude oil prices have been mostly holding steady this week. Crude oil inventories fell 1.0 mb compared to a 2.1 mb draw forecast. The SPR declined 6.0 mb, meaning the net draw was 7.0 mb. In the details, U.S. crude oil production was unchanged at [...] Read more at ETFtrends.com.
Procure Holdings LLC subsidiary ProcureAM launched the Procure Disaster Recovery Strategy ETF (FEMA), which begins trading today on the Nasdaq Exchange. FEMA is the first fund to invest in companies worldwide that are engaged in sustainable recovery and risk reduction efforts related to natural disasters. Since 1980, the United States alone has sustained 323 weather and [...] Read more at ETFtrends.com.
There have been many positive developments in recent years for the energy infrastructure space, including improvements to balance sheets, the shift to significant free cash flow generation, and progress with ESG metrics, but one of the most notable changes for midstream investors may be the proliferation of buyback programs. Stacey Morris, CFA, head of energy [...] Read more at ETFtrends.com.
Interest rates have been rising since hitting their all-time low during the Covid Crash of 2020, largely due to higher inflationary pressures, and have helped push bond prices lower. Now that rates are back near levels last seen in 2018, and the Fed just updated its guidance surrounding rate hike plans, could traders start to [...] Read more at ETFtrends.com.
BlackRock has made changes to two ETFs within its iShares Multifactor suite. Effective Wednesday, the iShares US Equity Factor ETF (LRGF) will follow the STOXX US Equity Factor Index, while the iShares International Equity Factor ETF (INTF) will follow the STOXX International Equity Factor Index. BlackRock has also changed LRGF’s and INTF’s expense ratios to [...] Read more at ETFtrends.com.
Several companies across the energy infrastructure landscape were active with their repurchase programs in 1Q22, albeit at mostly modest amounts. Energy infrastructure companies repurchased $370 million of their equity in aggregate during the first quarter of 2022. Combining the last four quarters, energy infrastructure companies have spent $2.1 billion on equity repurchases. The energy infrastructure [...] Read more at ETFtrends.com.
Bitcoin is finally getting a reprieve from nine weeks of losses after the leading cryptocurrency saw its prices go green amid a long Memorial Day weekend. Still, questions remain on whether the rally can sustain itself, particularly with market headwinds like inflation still providing roadblocks for more rallies. Just like Bitcoin has been following stocks [...] Read more at ETFtrends.com.
Direxion today launched the Direxion Breakfast Commodities Strategy ETF (BRKY), a first-of-its-kind ETF offering exposure to the commodities that are commonly included in breakfast. BRKY tracks the S&P GSCI Dynamic Roll Breakfast (OJ 5% Capped) Index, which includes a basket of six commodities, including corn, coffee, lean hogs (bacon), orange juice concentrate, sugar, and wheat, [...] Read more at ETFtrends.com.
Shares of Salesforce (CRM) rose 8% in extended trading on Tuesday after the enterprise software maker reported results for its first quarter fiscal 2023 ended April 30 that surpassed analysts’ expectations and lifted its full-year earnings guidance. Salesforce stock remained the top gainer on Wednesday morning, as it was up over 14% less than an [...] Read more at ETFtrends.com.
Confluence Investment Management offers various asset allocation products which are managed using “top down,” or macro, analysis. We publish asset allocation thoughts on a bi-weekly basis, updating the report every other Monday, along with an accompanying podcast. Among the financial pundit class, there has been a growing call to weaken financial conditions. What are financial [...] Read more at ETFtrends.com.
Despite crypto descending into a bear market, Binance has raised $500 million to start a venture capital fund focused on Web3. “Bear markets are often when the best opportunities come about, when people are actually able to focus on building technology rather than getting distracted by short-term price activity,” Arianna Simpson, a general partner at [...] Read more at ETFtrends.com.
U.S. equities continued to suffer in May, as inflation concerns along with Fed rate hikes weighed on markets. Driven by a comeback in the final week of the month, the S&P 500® posted a slight gain of 0.2%, while the S&P MidCap 400® and S&P SmallCap 600® performed relatively better, according to S&P Dow Jones Indices. [...] Read more at ETFtrends.com.
In the face of rising interest rates and a strong U.S. dollar, gold returns are decent though far from spectacular in 2022. For example, the largest gold-backed exchange traded fund is higher by 1.11% year-to-date as of May 30 — a far better showing than those offered by broader equity and fixed income benchmarks. Modest [...] Read more at ETFtrends.com.
In trading on Wednesday, the First Trust Natural Gas ETF is outperforming other ETFs, up about 1.2% on the day. Components of that ETF showing particular strength include shares of Laredo Petroleum, up about 10.6% and shares of W&T Offshore, up about 8.8% on the day.
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 ESG Aware MSCI EM ETF, where 15,500,000 units were destroyed, or a 9.8% decrease week over week. Among the largest underlying comp
Comparing units outstanding versus one week ago at the coverage universe of ETFs at ETF Channel, the biggest inflow was seen in the iShares MSCI Emerging Markets Min Vol Factor ETF, which added 23,800,000 units, or a 30.3% increase week over week. Among the largest underlying
Top Performing Levered/Inverse ETFs Last Week These were last week’s top-performing leveraged and inverse ETFs. Note that because of leverage, these kinds of funds can move quickly. Always do your homework. Ticker Name 1 Week Return (GUSH ) Direxion Daily S&P Oil & Gas Exp. & Prod. Bull 2X Shares 30.93% (RETL A) Direxion Daily Retail Bull [...] Read more at ETFtrends.com.