|Bid||0.00 x 800|
|Ask||0.00 x 900|
|Day's Range||25.45 - 26.16|
|52 Week Range||24.39 - 67.81|
|PE Ratio (TTM)||N/A|
|Beta (3Y Monthly)||-0.65|
|Expense Ratio (net)||0.95%|
The emerging markets have been outperforming, but some prominent Wall Street banks are issuing a word of caution if the risk-on sentiment suddenly sours. Investors who are wary of any potential risks can look to bearish or inverse exchange traded funds to hedge their developing market bets. After the quick rebound to start off the new year, Societe Generale SA, Bank of America Corp. and Wells Fargo & Co. are warning that there might not be much value left in developing nations, pointing toward potential pitfalls ahead, Bloomberg reports.
Brazilians head back to the polls for an Oct. 28, 2018, second-round election runoff, where it's likely that they will vote in far-right populist Jair Bolsonaro as their next president. Despite the bravado, Bolsonaro has a significant task ahead of him, if elected. Brazil's gross domestic product (GDP), a measure of a country's economic growth, grew just 1% year over year as of August 2018 – analysts had expected an increase of 1.1%.
Thanks to heightened volatility and uncertainty, the leveraged and inverse leveraged space have grabbed maximum investor attention in June.
ProShares, a premier provider of ETFs, announced today forward and reverse share splits on 20 of its ETFs. The splits will not change the total value of a shareholder's investment.