VanEck Green Bond ETF (GRNB)
- Previous Close
23.27 - Open
23.23 - Bid --
- Ask --
- Day's Range
23.22 - 23.30 - 52 Week Range
22.22 - 23.89 - Volume
16,253 - Avg. Volume
12,198 - Net Assets 91.16M
- NAV 23.23
- PE Ratio (TTM) --
- Yield 3.31%
- YTD Daily Total Return -1.46%
- Beta (5Y Monthly) 0.84
- Expense Ratio (net) 0.20%
The fund normally invests at least 80% of its total assets in securities that comprise the fund's benchmark index. The index is comprised of bonds issued for qualified "green" purposes and seeks to measure the performance of U.S. dollar denominated "green"-labeled bonds issued globally.
VanEck
Fund Family
Global Bond
Fund Category
91.16M
Net Assets
2017-03-03
Inception Date
Performance Overview: GRNB
Trailing returns as of 4/19/2024. Category is Global Bond.
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Research Reports: GRNB
Weekly Stock List
The cold hard message is sinking in. Higher rates are here to stay for longer than expected. Federal Reserve Chairman Jerome Powell has said multiple times that the Fed will be 'data-driven' when deciding on monetary policy. And the data has spoken. First, let's look at inflation. There has been great progress made in knocking inflation down from its peak of 9.1% in June of 2022. But achieving progress at the current lower levels, with inflation in the low-3% range, as expected, has been difficult. The Fed has been specific, saying inflation needs to be at 2% before restrictive policy will be eased. The Fed was patient after the January inflation data, and again with February data. But when March showed persistently higher prices, the Fed threw came right out and said that change can wait. Chairman Powell said the following last week. "The recent data have clearly not given us greater confidence..." and "If higher inflation does persist, we can maintain the current level of restriction for as long as needed." Now let's consider unemployment. The Fed again has been specific. Officials are looking for a 4.1% unemployment rate to gently (hopefully) slow the economy. Currently, the rate is not budging and is vacillating between 3.8% and 3.9%. Given the current macroeconomic backdrop, the following is a list of industries and companies we like that should benefit from a sustained period of higher interest rates. All are BUY-rated at Argus.
Analyst Report: Wells Fargo & Company
Wells Fargo is one of the largest banks in the United States, with approximately $1.9 trillion in balance sheet assets. The company has four primary segments: consumer banking, commercial banking, corporate and investment banking, and wealth and investment management. It is almost entirely focused on the U.S.
RatingPrice TargetDaily – Vickers Top Insider Picks for 02/26/2024
The Vickers Top Insider Picks is a daily report that utilizes a proprietary algorithm to identify 25 companies with compelling insider purchase histories based on transactions over the past three months.
Analyst Report: Citigroup Inc.
Citigroup is a global financial-services company doing business in more than 100 countries and jurisdictions. Citigroup's operations are organized into two primary segments: the institutional clients group and the personal banking and wealth-management group. The bank's primary services include cross-border banking needs for multinational corporates, investment banking and trading, and credit card services in the United States.
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