111.17 0.00 (0.00%)
After hours: 4:15PM EDT
|Bid||111.20 x 4000|
|Ask||111.21 x 800|
|Day's Range||111.14 - 111.29|
|52 Week Range||103.94 - 111.60|
|PE Ratio (TTM)||N/A|
|Beta (3Y Monthly)||1.00|
|Expense Ratio (net)||0.05%|
Just because you're rich doesn't mean you're right, apparently. This year's mistake cost the wealthy an estimated $136 billion so far.
According to the latest report on exchange-traded fund (ETF) flow data from State Street Global Advisors, fixed income exchange-traded fund (ETF) inflows were out of this world in the month of June, garnering over $25 billion. "Even with a 6% rally in global equities, investors allocated a record amount to fixed income ETFs," wrote Matthew Bartolini, CFA Head of SPDR Americas Research State Street Global Advisors, in the report. The record number of inflows into bond ETFs allowed for record capital allocations into the fixed income space.
Stocks climb around 18% in year’s first six months, and global bond markets are so crazy that even 100-year paper is selling.
The more question marks in the current state of the capital markets, the better for fixed income as record inflows could be ahead for bond exchange-traded funds (ETFs) as uncertainty surrounds the outlook for the global economy. “Fixed income is the benefactor of an overall hangover from last year and nervousness about money going forward," observes Eric Balchunas, an analyst with Bloomberg Intelligence. As the U.S.-China trade deal that was supposed to happen went south, investors increased their exposure to fixed income to a point where it reached a six-year high during the month of May as negotiations unraveled, according to the latest AAII Asset Allocation Survey.
Yields may be near their lows, so investors should consider taking profits in long-term fixed-rate issues and swapping them for undervalued floating-rate securities.
As the U.S.-China trade deal that was supposed to happen went south, investors increased their exposure to fixed income to a point where it reached a six-year high based on the latest AAII Asset Allocation Survey. As such, other notable trends included a decreased exposure to equities and an increase of investors sitting on the sidelines with cash. This latest data could provide insight on a repeat performance of fixed income's first quarter.
Investors can take a look at exchange traded fund flows to see how markets respond to the developing global trade war. “Participation through ETFs has trended higher in the last month, aligning with escalation ...
Stock-market volatility is back. Investors looking for safety are turning to bond ETFs. They hope these fast-growing ETFs offer shelter if the stock market further falters or begins to decline.
The Long View is a podcast from Morningstar. Each week, hosts Christine Benz and Jeff Ptak conduct an in-depth discussion with a thought leader from the world of investing or personal finance. The podcast is produced by George Castady and Scott Halver.
With the capital markets turning the page on the first quarter of 2019, investors are regaining their confidence from a rebound in the capital markets after a tumultuous end to 2018. Heading into the early beginnings of Q2, it’s necessary for investors to remain strategic when it comes to deploying capital in the current market environment, especially with respect to selecting exchange-traded funds (ETFs) for their portfolios.
According to the latest Morningstar Direct Fund Flows Commentary, taxable-bond funds saw an influx of $42.5 billion during the month of April, which represented the second-best month over the past three years and the best since January 2018. “The bulk of taxable-bond flows went to intermediate-term bond funds, but there was an interesting bifurcation in April as the old intermediate-term bond Morningstar Category was retired and two new related Morningstar Categories were introduced: intermediate core bond and intermediate core-plus bond,” the report noted. 1. iShares 20+ Year Treasure Bond ETF (TLT) - $1.87 billion: seeks to track the investment results of the ICE U.S. Treasury 20+ Year Bond Index (the "underlying index").
With the capital markets turning the page on the first quarter of 2019, investors are regaining their confidence from a rebound in the capital markets after a tumultuous end to 2018. Heading into the early beginnings of Q2, it's necessary for investors to remain strategic when it comes to deploying capital in the current market environment, especially with respect to selecting exchange-traded funds (ETFs) for their portfolios.
The adage of "change is the only constant" is certainly applicable to the exchange-traded fund (ETF) space. Gone are the days when ETFs like the SPDR S&P 500 ETF (SPY) for U.S. equities and the iShares Core US Aggregate Bond ETF (AGG) for fixed income was all an investor needed to gain broad-based exposure to the markets. "What I think it means for advisors who are building portfolios is you need more in your toolkit for that kind of environment, both on the, as we've talked about, declining return expectations, but also, the reality of volatility," said Dahya.
The default bond play to get broad-based exposure might be the iShares Core US Aggregate Bond ETF (AGG) , but for short duration exposure, the WisdomTree Yield Enhanced U.S. Short-Term Aggregate Bond Fund (SHAG) is the choice. SHAG seeks to track the price and yield performance of the Bloomberg Barclays U.S. Short Aggregate Enhanced Yield Index. "In today's fixed income markets, the ability for investors to maintain the appropriate balance between risk andreturn remains extremely challenging," noted a WisdomTree information sheet for the SHAG fund.
As markets have cycled out of the growth and momentum-fueled investments of 2018, a move to more quality-oriented investments are in order for 2019. Identifying these quality-based investments, however, ...
It’s no doubt that the volatility-laden fourth quarter of 2018 spurred an investor move to bonds, but that trend persisted in the first quarter of 2019 with $34.5 billion going into fixed income exchange-traded funds (ETFs), according to a US-Listed Flash Flows Report from State Street Global Advisors. The Dow Jones Industrial Average fell 5.6 percent, while the S&P 500 was down 6.2 percent and the Nasdaq Composite declined 4 percent. “While equity funds took in the most flows last month, bond funds are now breaking records and making headlines,” wrote Matt Bartolini, Head of SPDR Americas Research at State Street Global Advisors.
Do Strong Growth and Weak Inflation Make a Case for a Lower Rate?(Continued from Prior Part)Fed to balance strong growth and muted inflation The Fed is starting its two-day policy meeting tomorrow. While the markets aren’t expecting any changes in
Do Strong Growth and Weak Inflation Make a Case for a Lower Rate?PCE Index undershooting the Fed targetThe US Bureau of Economic Analysis released its personal consumption expenditure (or PCE) price index today. The PCE index is the Federal
With a wealth of information available to investors at the drop of a dime, they can make quick trading decisions during and after market hours with TD Ameritrade’s 24/5 trading feature. The program continues ...
The adage "the more things change, the more things stay the same" could relate to the Federal Reserve's 2018-19 interest rate policy--it kept changing (higher) in 2018 and now the capital markets expect them to stay unchanged through 2019. The survey revealed that investment-grade debt and short duration were the prime focus.