Europe is the place to invest so far in 2023. It's often said markets will move in a manner that confounds the greatest number of investors, and that is what is happening in 2023. U.S. stocks are off to a good start with the S&P 500 up 7%, but Europe is just killing it. All the major European ETFs are up 15%-20% for the year and were at new highs last week. What's going on? What sectors are moving? Join us on ETF Edge at 1:10 PM ET when our guests will be Matt Bartolini, Head of SPDR Americas Research for State Street, who overseas one of the largest European ETFs, the SPDR Euro Stoxx 50 (FEZ), and Vance Barse, Founder of Your Dedicated Fiduciary.
France is having a particularly strong year, and you can partly thank the Chinese consumer.
It's not in Europe, but Mexico is also up 12% this year.
Matt Tuttle gained fame when he launched the Tuttle Capital Short Innovation ETF (SARK) in November 2021. The fund tracked the inverse performance of Cathie Wood's ARKK fund. AXS Investments bought all of Tuttle's ETF products last April. Now he has applied to launch two similar funds that would go long and short Cathie Woods, but with a twist.
Oil rallied briefly at the end of March to over $83, but April has been a bad month. Oil is back to $77 and, not surprisingly, there have been outflows from oil ETFs.
The ETF haters used to say that bond ETF funds would be in big trouble if there was any volatile or liquidity issues because the underlying holdings would be difficult to buy or sell. That hasn't happened. In fact, fixed-income ETFs appear to be improving bond market liquidity.
Barclays is shuttering most of its Exchange Traded Notes (ETN) business.
Tidak ada komentar:
Posting Komentar