Of the 11 financial institutions that issued spot Bitcoin ETFs in January 2024, only two — Bitwise and VanEck — have pledged to donate a percentage of their profits to open-source Bitcoin development. Regardless of whether large holders are harassing ETF sponsors for funding core dev, the real question is – why are only @BitwiseInvest…
PM Images Introduction This article reviews the Invesco S&P International Developed Momentum ETF (NYSEARCA:IDMO). While I have come across numerous US equity momentum ETFs, this is my first that applies that strategy to International stocks. Momentum investing has been studied for years and its success runs counter to the Efficient Market Hypothesis that states earning…
ryasick Investing in corporate credit at this point in the cycle is risky to me, given just how narrow credit spreads are. Having said that, there is still opportunity, so long as you access the space by limiting exposure to overpriced and vulnerable bonds. That’s why the BNY Mellon High Yield Beta ETF (NYSEARCA:BKHY) is…
Colin Anderson Productions pty ltd Following a bullish six months, Q2 has got off to a less impressive start and change is in the air as “higher for longer” expectations for rates are finally having an effect. The S&P 500 (SPY) has broken the trend support in place for over two months and has already…
Douglas Rissing Thesis On April 10 the March 2024 CPI data was released, numbers which came in higher than expected, triggering a red day in equities and a massive rally in bond yields. Sticky inflation has been a problem for the Fed, who might be forced down the line to make 3% the new long…
RHJ/iStock via Getty Images VanEck Rare Earth/Strategic Metals ETF (REMX) has many top tier rare earth, lithium and other strategic metals companies in its portfolio. These types of companies tend to offer higher risk and higher reward, so I like the fact that investors are getting some diversification. When you buy this ETF you are…
Sadi Maria/iStock Editorial via Getty Images We’re officially three months into the existence of spot Bitcoin (BTC-USD) ETFs in the United States market. With approximately a week remaining until Bitcoin’s next block reward halving, I think it’s worth taking a bird’s eye view of how Bitcoin is actually being adopted so far in 2024. In…
PM Images The Vanguard High Dividend Yield Index Fund ETF (NYSEARCA:VYM) and the Schwab U.S. Dividend Equity ETF (SCHD) are two of the most popular dividend ETFs, having amassed $67.87 billion and $55.36 billion in assets under management (AUM). At a point, I wasn’t thrilled with being invested in VYM, but I didn’t exit the…
The below is an excerpt from a recent edition of Bitcoin Magazine Pro, Bitcoin Magazine’s premium markets newsletter. To be among the first to receive these insights and other on-chain bitcoin market analysis straight to your inbox, subscribe now. As Hong Kong’s Bitcoin ETF is fast approaching, new applications have come in from an unexpected…
panida wijitpanya Thesis The iMGP DBi Managed Futures Strategy ETF (NYSEARCA:DBMF) is an exchange traded fund, but its strategy is a very complex one. The first rule of investing is that one must understand what they buy. As per its own literature, DBMF: seeks to replicate the pre-fee performance of leading managed futures hedge funds…
dvan/E+ via Getty Images Overview Dividend aristocrats are companies that have increased their dividend payouts for a minimum of 25 years in a row. Achieving such a milestone creates a heightened sense of confidence for investors. Increasing dividends every single year for a long period of time means you get a higher yield on cost…
Some of China’s biggest asset managers are using Hong Kong subsidiaries to enter the Bitcoin ETF market, according to recent reports. JUST IN: 🇨🇳 $284 billion China Southern Fund has reportedly applied to launch spot #Bitcoin ETF via Hong Kong. You can't stop an idea whose time has come 🙌 pic.twitter.com/rnHOuRoY7V — Bitcoin Magazine (@BitcoinMagazine) April…
We Are The Vanguard Information Technology Index Fund ETF (NYSEARCA:VGT) focuses on US Information Technology companies. Vanguard describes its fund as targeting companies involved with electronics, computers, or cutting-edge science. VGT sticks to a strict definition of Information Technology. For example, it doesn’t invest in Amazon (AMZN), viewing it as a retail company, nor in…
tiero Please note that this week is the quarterly Master List fundamentals update. Every quarter, after earnings, I update all necessary fundamentals for the DK 500 Master List, which enables valuation-based ratings to operate automatically in real time. Thus, this is the reason for just one article this week. Here’s my ZEUS Family fund holdings’…
James O’Neil/DigitalVision via Getty Images I last covered the Pacer US Cash Cows 100 ETF (BATS:COWZ), which focuses on U.S. stocks with above-average free cash flow / FCF yields, in early 2023. In that article, I argued that COWZ’s cheap valuation and good performance made the fund a buy. COWZ has underperformed the S&P 500…
gopixa Amplify Alternative Harvest ETF (NYSEARCA:MJ) was the first cannabis ETF to start trading. The exchange-traded fund covers investments in a wide swath of cannabis stocks, but diversity is possibly not the best option in the space. My investment thesis is Bullish on the upside of the ETF based on positive trends in the cannabis…
Australian asset manager Monochrome plans to launch the nation’s first spot bitcoin exchange-traded fund (ETF) that holds physical bitcoin. JUST IN: 🇦🇺 The first #Bitcoin spot ETF in Australia to go live "in 2024," asset manager Monochrome says. It would be the first Australian ETF to hold $BTC directly. pic.twitter.com/x8nYRNzZra — Bitcoin Magazine (@BitcoinMagazine) April…
outline205 Thesis The iShares Core Total USD Bond Market ETF (NASDAQ:IUSB) is a large fixed income ETF from BlackRock. As per its literature: The iShares Core Total USD Bond Market ETF seeks to track the investment results of an index composed of U.S. dollar-denominated bonds that are rated either investment grade or high-yield. The followed…
NoDerog Introduction When CDs finally, after a decade, started paying investors decent returns, meaning over 5%, plain vanilla fixed income ETFs that focused on US Treasuries or upper-rated corporate bonds didn’t have the dance floor to themselves, there were even safer options for fixed income investors. To meet this challenge, managers came out with strategies…
DariaRen iShares 20+ Year Treasury Bond ETF (NASDAQ:TLT) is a popular and highly liquid ETF that invests primarily in U.S. Treasury Bonds. In early 2020, this ETF hit highs of about $180 per share. It now trades for about half that level, at just around $92 per share. Since the portfolio holdings for this ETF…
photoman Introduction ProShares Short VIX Short-Term Futures ETF (BATS:SVXY) is an interesting ETF that makes daily short trades on VIX futures. Technically the fund is labeled as a “leveraged” ETF but it’s actually the opposite of leveraged because it offers only 0.5x exposure to shorting of VIX futures so the fund is only using half…
cranach/iStock via Getty Images Fallen angels have significantly outperformed broader bonds and high-yield bond benchmarks for decades, as has the VanEck Fallen Angel High Yield Bond ETF (NASDAQ:ANGL). I last covered ANGL in mid-2023. In that article, I argued that the iShares Fallen Angels USD Bond ETF (NASDAQ:FALN) was a slightly superior investment, due to…
Rafmaster VFMF strategy Vanguard U.S. Multifactor ETF (BATS:VFMF) is an actively managed fund launched on 02/13/2018. It has 494 holdings, a 30-day SEC yield of 1.33%, and a total expense ratio of 0.18%. Distributions are paid quarterly. As explained in the prospectus by Vanguard, The advisor uses a quantitative model to evaluate all of the…
alfexe Introduction In October 2022, Simplify launched the Simplify Stable Income ETF (NYSEARCA:BUCK). This came out alongside the more popular (and higher risk) Simplify Enhanced Income ETF (HIGH). Both have performed very well since then. Data by YCharts Note that while HIGH has the higher total return, it has also eaten into its own principal,…
da-kuk REX FANG & Innovation Equity Premium Income ETF (NASDAQ:NASDAQ:FEPI) is a relatively fresh covered call ETF that was established back in November, 2023. Since the inception, it has managed to keep up with the well-performing S&P 500 delivering attractive distribution income from the written options. Ycharts During this time period, FEPI has even slightly…
Daniel Grizelj/DigitalVision via Getty Images Healthcare is a sector that has consistently demonstrated strong historical growth and is projected to continue growing. The sector’s ability to innovate and adapt to changing market conditions and regulatory environments makes it a big area to focus on for investors, but like all sectors, has been large-cap momentum dominant….
The demand for US spot Bitcoin ETFs surged significantly on Tuesday, outpacing the new supply created daily by miners by a remarkable 614%, according to Gayatri Choudry, Quantitative Research Analyst at Bitwise Asset Management. Demand from US BTC ETFs exceeds new BTC supply by 7x pic.twitter.com/OCU5D19rpf — Gayatri (@GayatriPC_) March 27, 2024 The surge in demand for…
metamorworks Investment Thesis As global geopolitical tensions remain elevated, military spending has started a meaningful uptick. A slew of conflicts witnessed since late 2020, starting from the east-Caucasus regions to eastern Europe and lately seen in the Middle East, have put sovereign entities across the world on guard. These tensions have also spilled out onto…
Antagain The iShares MSCI Poland ETF (NYSEARCA:EPOL) is substantially exposed to Polish financials. There were some idiosyncratic legal issues going on with Polish financials that we won’t rehash in this article as they were detailed in our previous coverage. The overhangs were subsiding at any rate, which means that we can focus exclusively now on…
BlackJack3D While the iShares Biotechnology ETF (NASDAQ:IBB) has rallied in the last two quarters, it has lagged the broader markets significantly and remains in the range set last year. This makes it look “cheap” compared to other sectors, but as this article explores, stocks are usually cheap for a reason and IBB is a Fund…
BlackJack3D Semiconductors did well in 2024 with the iShares Semiconductor ETF (NASDAQ:SOXX) gaining 33% since I last covered it in July last year. At that time, I had a neutral position mostly because of demand softness, high inventories especially for memory, and Chinese authorities imposing export restrictions on a key ingredient used to make chips….
2d illustrations and photos Emerging Markets have become an after-thought for many investors today. With beyond a decade of severe underperformance to both large and small US stocks, the EM Index is rarely discussed among even macro investors. Consider that just in the last year, the broad EM ETF is up less than 10%, dividends…
Dilok Klaisataporn I’ve been bullish on CLO ETFs these past few years, due to their strong, above-average yields and performance track-records. The BlackRock AAA CLO ETF (NASDAQ:CLOA) is one of BlackRock’s forays in this area, with the fund focusing on AAA-rated CLO tranches. CLOA’s above-average 6.1% yield, strong performance track-record, and extremely low credit and…
jiefeng jiang Investment Thesis The VanEck Semiconductor ETF (NASDAQ:SMH) has demonstrated remarkable performance, with a year-to-date daily total return of 31.03% and a 1-year daily total return of 81.45% as of March 22nd. SMH’s success can be attributed to its significant holdings in leading semiconductor companies, particularly Nvidia (NVDA) and Advanced Micro Devices (AMD), which…
TheaDesign The 2024 bull market has been fueled by a number of healthy sector rotations. Over the past month, it may surprise you to find Materials (XLB) are the best performing sector and have outperformed Technology (XLK) by 2.27%. This week Financials (XLF) and Industrials (XLI) are outperforming. It’s not all about the “Mag 7.”…
Hiroshi Watanabe SPDR S&P Global Dividend ETF (NYSEARCA:WDIV) celebrated its tenth year of existence last year. It is a passively managed ETF that seeks to track the S&P Global Dividend Aristocrats Index and provide investors with a high-yielding portfolio of global companies in an ETF wrapper. The primary criteria for inclusion in the Index is…
NicoElNino Investment Thesis Over the last ten years, the Schwab U.S. Large-Cap Growth ETF (NYSEARCA:SCHG) was the third-best-performing fund in its category, trailing only the Invesco QQQ ETF (QQQ) and the iShares Russell Top 200 Growth ETF (IWY). SCHG also ranked #4/37 over the last three calendar years and #4/36 over the previous five, so…
Galeanu Mihai Software is eating the world. Unfortunately, it’s not making new highs. Still – it’s a good area to look at for potential outperformance in the future. A good proxy for this is the SPDR® S&P Software & Services ETF (NYSEARCA:XSW), a passively managed exchange-traded fund that seeks to provide returns, before fees and…
NicoElNino/iStock via Getty Images Thesis The BlackRock Short Duration Bond ETF (BATS:NEAR) is a fixed income exchange traded fund. We have covered this name before extensively, with the last article dealing with the mandate change for the fund: On September 29, 2023, iShares filed to change the investment policy and fund name for the BlackRock…
bgsmith My dear long-term readers certainly remember that I pay special attention to multi-factor equity exchange-traded funds. Today, I would like to assess yet another such vehicle, the Global X Adaptive U.S. Factor ETF (NYSEARCA:AUSF). I initiate coverage with a Hold rating, as I am frankly unimpressed by its total returns. I believe its inability…
MF3d Investment Thesis The VanEck Semiconductor ETF (NASDAQ:SMH) has performed remarkably over the last five years. The fund’s low expense ratio and fees combined with close replication of what has been a massively lucrative industry has generated superb returns for shareholders. However, an increasingly bearish macro combined with what I believe is a potential overvaluation…
deepblue4you Investment Thesis Six months ago, I initiated coverage of the Capital Group Dividend Value ETF (NYSEARCA:CGDV), listing impressive performance, a unique multi-manager structure, and solid fundamentals as reasons for my “buy” rating. Since then, it’s slightly outpaced the S&P 500 Index, one of only a handful of large-cap value ETFs to do so over…
Eleven approved Bitcoin ETFs have painted the pioneering cryptocurrency with a fresh coat of legitimacy. By receiving an official blessing from the Securities and Exchange Commission (SEC), an institutional investing barrier has been lifted. With this barrier gone, financial advisors, mutual funds, pension funds, insurance companies and retail investors can now receive Bitcoin exposure without…
KE ZHUANG Summary I believe that meeting net zero and achieving a viable energy transformation can be much better achieved with nuclear energy. To this end, I wrote about the uranium market when I analyzed the Sprott Uranium Miners ETF (URNM) in December and came away with a positive view but looking for a pullback…
gt29/iStock via Getty Images This article series aims at evaluating ETFs (exchange-traded funds) regarding past performance and portfolio metrics. Reviews with updated data are posted when necessary. IUSG strategy iShares Core S&P U.S. Growth ETF (NASDAQ:IUSG) started investing operations on 07/24/2000 and tracks the S&P 900 Growth Index. It has 470 holdings, a 12-month trailing…
da-kuk By David Mann, Head of ETF Product & Capital Markets, Franklin Templeton The Fund has filed a registration statement (including a prospectus) with the Securities and Exchange Commission (“SEC”) for the offering to which this communication relates. Before you invest, you should read the prospectus in that registration statement and other documents the Fund…
tadamichi One of my favorite funds to “set and forget”, the RPAR Risk Parity ETF (NYSEARCA:RPAR) has yet to give its scarred investors much of a break. Following a historically terrible 2022 for multi-asset strategies, driven by a back-breaking spike in interest rates, last year was barely better than flat for the risk-parity fund. In…
Dilok Klaisataporn Long-time readers know I’ve been bullish on CLO ETFs since these first appeared on the market, due to their strong yields and effectively zero rate risk. Of these, the Panagram BBB-B Clo ETF (NYSEARCA:CLOZ) offers a particularly compelling 9.6% yield, with strong returns since inception, and since I first covered the fund. CLOZ’s…
MicroStockHub/iStock via Getty Images This article series aims at evaluating ETFs (exchange-traded funds) regarding the relative past performance of their strategies and metrics of their current portfolios. Reviews with updated data are posted when necessary. FTHI strategy First Trust BuyWrite Income ETF (NASDAQ:FTHI) is an actively managed fund launched on 1/6/2014. It currently holds 179…
gaffera Xtrackers MSCI Japan Hedged Equity ETF (NYSEARCA:DBJP) is a Yen-hedged value-weighted ETF following the most representative possible index of the Japanese market. There are myriad reasons to be bullish on Japanese equities, where in our coverage Japan remains the most overweight market. However, there are a lot of outstanding questions about the Yen and…