ETFS

Reward For The Risk Taken Investors expect to be rewarded for the risk that they are taking. One method to measure risk is the Ulcer Index, which measures the length and depth of a fund’s drawdown. It is available through Mutual Fund Observer Premium. The data in this article reflects updated to the end of
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Author’s note: this article was released to members of CEF/ETF Income Laboratory on July 2, 2020. Please check latest data before investing. Chemist’s “High-High-Low” Closed-End Fund Report Quantitative screens help to rapidly narrow down attractive candidates from the database of 500+ closed-end funds [CEFs] for further due diligence and investigation. The “High-High-Low” report was inspired
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As you can see in the following chart, the past few weeks have been quite favorable for traders in the Invesco DB Energy ETF (DBE) with shares continuing to push to new highs in the recent trend. In this piece, I argue that DBE is likely headed higher. I believe that the fundamentals of all
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Thesis Welcome to Orchid’s Palladium Weekly report, in which we discuss palladium prices through the lenses of the Aberdeen Standard Physical Palladium Shares ETF (NYSEARCA:PALL). PALL has traded sideways of late, reflecting a horizontal consolidation in the PGM space. Palladium’s fundamentals are less tight than expected due to the COVID-19 shock, which is reflected in
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Photo Source: Tasos Katopodis/Pool via REUTERS. Federal Reserve Chairman Jerome Powell, wearing a face mask, testifies before the House of Representatives Financial Services Committee during a hearing on oversight of the Treasury Department and Federal Reserve response to the outbreak of the coronavirus disease (COVID-19), on Capitol Hill in Washington, U.S., June 30, 2020. For
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As the coronavirus pandemic continues to inject elements of uncertainty into the financial markets, investors seem to be testing various assets in order to identify the instruments that are most likely to possess safe haven qualities. Since May 2020, valuations in the Invesco CurrencyShares Euro Trust (NYSEARCA:FXE) have risen by over 5.5% and these moves
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The non-agency MBS sector has gone through a roller-coaster ride in the last few months due to heavy sell-downs by leveraged players and a subsequent snapback in demand by value hunters. We remain overweight the sector on the service due to continued sector demand, fiscal support of households and a decent housing price backdrop. In
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Main Thesis The purpose of this article is to evaluate the PIMCO High Income Fund (PHK) as an investment option at its current market price. This is a fund I have avoided for years, despite regularly buying and recommending other PIMCO CEFs. As we move into the second half of 2020, I continue to see
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Introduction The Vanguard Growth ETF (NYSEARCA:VUG), which I wrote briefly about in this article titled 3 Great Large Cap Growth ETFs To Pick Up On A Dip, consistently outperforms the S&P 500. It has, however, lagged behind technology as one can see in the chart below. The ETF charges an ultra-low fee of just 0.04%
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Note: This article was released to CEF/ETF Income Laboratory members on June 22, 2020, and data are from that date. This month, I’d like to take a look at Pioneer High Income Trust (PHT), the second-highest ranked “DxYxZ” fund (good combination of discount, yield and z-score). It closed last Friday with a discount of -12.73%,
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The regional bank ETF (KRE) has been a structural short opportunity since 2018 as the sector continues to face mounting challenges in the form of persistently low interest rates, a flat yield curve, and weak consumer demand. Regional banks do not share the same secular uptrend seen in broader equity indices with the share price
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The money market funds asset group set a record for net inflows (+$259.8 billion) for the third consecutive week as the economic impact of the coronavirus continued to wreak havoc on investing. Conversely, taxable bond funds (-$62 billion) and municipal bond funds (-$13.7 billion) each had record-setting net outflows for the second consecutive week, while
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Question: Why are there so many ETFs? Answer: ETF providers tend to make lots of money on each ETF so they create more products to sell. The large number of ETFs has little to do with serving your best interests. We leverage our data to identify three red flags you can use to avoid the
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This article uses market data as of Tuesday close. A sharp drawdown period for preferred stocks has hammered asset coverage and increased leverage across the CEF sector. Given the sharp losses in the sector, asset coverage may be the last thing on investors’ minds. Asset coverage, however, is key in the funds’ ability to sustain
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It goes without saying that there are many reasons to feel nervous in the current market climate, and the Invesco CurrencyShares Japanese (NYSEARCA: FXY) has quickly reversed prior gains to produce losses of -4.3%. However, recent central bank activities make it look as though the general public might be less fearful than global policymakers themselves,
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ETF Overview Invesco Dynamic Semiconductors ETF (PSI) owns a portfolio of large-cap semiconductor stocks. The fund seeks to track the investment results of the Dynamic Semiconductor Intellidex Index. Stocks in PSI’s portfolio should continue to enjoy favorable industry fundamental as the semiconductor industry is set to grow at a rate of 7.67% annually through 2024.
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The coronavirus has run roughshod over the U.S. equity markets over the last several weeks. After retreating approximately 10% in trading on Thursday, March 12 (stocks’ worst one-day performance since the Black Monday crash in 1987), the Dow Jones Industrial Index, S&P 500 Index, and NASDAQ Composite Index are off 28.26%, 26.74%, and 26.64%, respectively,
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Lipper’s fund asset groups (including both mutual funds and exchange-traded funds) took in $70.4 billion of net new money for the fund-flows trading week ended Wednesday, March 11. Money market funds (+$87.6 billion) were responsible for all of the week’s net inflows as investors parked a significant amount of money on the sidelines, driven by
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I’ve been looking for closed-end fund bargains amidst the recent carnage. Buying cheap assets is great, but finding a double discount is even better. One fund that recently came to my attention is the NexPoint Strategic Opportunities Fund (NYSE:NHF). NHF has traded at a chronic discount, and it recently became more severe. The current NAV
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Thesis Summary The Vanguard Total International Stock ETF (VXUS) can be used to gain exposure to equity markets outside of the U.S. Diversifying your portfolio is especially useful during a correction. Having said this, upon further analysis of the fund, we believe there are better alternatives out there to help investors balance out their portfolios.
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