Large-cap biotechnology stocks finally have some momentum, but relative to the broader healthcare sector, biotech is a 2021 laggard. The situation is worse for smaller biotech stocks and the related exchange traded funds, many of which are in the red on a year-to-date basis.
Tuttle Capital Management has launched a new actively managed ETF that seeks to generate alpha over US large-cap equity benchmarks through a sector rotation strategy.The Revere Sector Opportunity ETF (RSPY US) has been listed on NYSE Arca and comes with an expense ratio of 1.15%.
The lumber industry and sector-related exchange traded funds may have faltered as lumber prices plunged, but the woodcutters may enjoy a seasonal rebound with homebuilders picking up the pace toward the end of the year. During the past three months, the iShares Global Timber & Forestry ETF (WOOD) fell 3.6% and the Invesco MSCI Global Timber ETF (CUT) dipped 0.2%.
Sector rotation, the act of moving in and out of various based on economic climate or market setting, is undeniably made easier with sector exchange traded funds. “For investors looking to take a more active approach to stock diversification—that is, beyond a broad-based index fund—a so-called sector rotation strategy is one way to go,” according to Charles Schwab research. “With this approach, you overweight or underweight various sectors in your portfolio against a benchmark weighting—say, the S&P 500 ® Index—based on their expected performance.”
Specialist sector and thematic ETF issuer SonicShares has launched a new ETF providing pure-play exposure to companies engaged in maritime shipping.The fund offers a play on the reopening trade by targeting companies engaged in maritime shipping.
Nvidia Corp. (NasdaqGS: NVDA) rallied Thursday after a majority of analysts upgraded the chipmaker in response to the company’s strong quarterly earnings and outlook, lifting semiconductor sector-specific exchange traded funds. On Thursday, the iShares PHLX Semiconductor ETF (NasdaqGS: SOXX) advanced 0.5%, the VanEck Vectors Semiconductor ETF (SMH) increased 0.7%, and the Invesco PHLX Semiconductor ETF (SOXQ) rose 1.0%.
On Wednesday, SonicShares™ announced the launch of the SonicShares™ Global Shipping ETF (NYSE Arca: BOAT) , which seeks to track the Solactive Global Shipping Index. BOAT provides investors with pure-play exposure to a portfolio of global companies engaged in maritime shipping.
Many diversified infrastructure exchange traded funds feature healthy allocations to the utilities sector, but investors looking to play a new round of massive infrastructure spending with utilities stocks may want to go straight to the source.
The utilities sector usually performs admirably when interest rates are low, but the Utilities Select Sector SPDR (NYSEArca: XLU) is up just 4.80% year-to-date, well behind the 17.67% returned by the S&P 500 Index as a whole, as of June 24.
The reflation trade is a phrase generating plenty of buzz this year, and while it’s taking some lumps in recent weeks, some market observers believe it will regain momentum before 2021 concludes. Alone, that’s notable, but making a potential reflationary resurgence worth watching (and participating in) is the sector-level implications that come along with it.
On Behind the Markets , a podcast brought to you by Jeremy Schwartz, WisdomTree’s Global Head of Research, we talk to market strategists, business executives and financial advisors about important trends in the financial markets.
As rail companies come out with strong quarterly earnings and gain steam on the economic reopening, investors could look to transportation exchange traded funds to capture the expanding economic activity. An index of the largest U.S. freight rail companies just enjoyed its best three-day advance since March, outperforming the S&P 500 after Canadian National Railway Co., CSX Corp., and Union Pacific Corp. reported quarterly earnings week, Bloomberg reports.
The VanEck Vectors Oil Services ETF (NYSEArca: OIH) is retreating due to a sharp pullback in oil prices, but the famed oil services exchange traded fund could be primed for a rebound. There’s no denying that the proliferation of COVID-19 cases around the world due to the new delta variant is hampering oil prices.
Travel industry exchange traded funds led the market rebound on Tuesday after the Covid-19 Delta variant dealt a blow to the leisure and entertainment sectors. Among the best-performing non-leveraged ETFs of Tuesday, the U.S. Global Jets ETF (NYSEArca: JETS) increased 5.5% and the AdvisorShares Hotel ETF (BEDZ) increased 4.5%.
