|Bid||145.24 x 900|
|Ask||145.44 x 900|
|Day's Range||143.61 - 145.42|
|52 Week Range||79.61 - 152.97|
|PE Ratio (TTM)||N/A|
|Beta (3Y Monthly)||-0.11|
|Expense Ratio (net)||0.60%|
The ETF PALL tracks the precious metal Palladium. The metal broke through the $1,500/ounce milestone for the first time ever yesterday. This amid a supply shortage of Palladium. Yahoo Finance's Jackie DeAngelis and ETF.com managing director Dave Nadig discuss.
Although it stumbled early in the second quarter, the Aberdeen Standard Phys PalladiumShrs ETF (PALL) remains higher by nearly 11% this year after ranking as one of 2018's best-performing commodities exchange traded funds. Some market observers believe palladium demand will be steady over the next several, potentially underpinning higher prices for PALL. Palladium is key component used by the car industry in catalytic converters fitted in petrol-powered vehicles to diminish harmful greenhouse gas emissions.
Banks will highlight first-quarter earnings for 2019 on Friday, which could give precious metals a jolt of gains if the weak guidance expected by a number of corporations translates to a move to safe-haven assets. Of course, the strength of precious metals will be tied to the Fed and their interest rate policy in correlation with the dollar. Increased dovishness by the central bank could continue to feed into safe-haven asset like precious metals.
As investors consider potential risks ahead, many are looking to ETF strategies that cover alternative assets like precious metals and commodities to help diversify a traditional stock and bond portfolio mix.
A strong U.S. dollar on Thursday caused precious metals to fall as seen in exchange-traded funds (ETFs) like the SPDR Gold Shares (GLD) and the iShares Silver Trust (SLV) . Gold prices reached a three-week low and silver touched down to a three-month low as the dollar rose to a multi-month high. Another precious metal, palladium, fell 16 percent from the previous week's highs.
Palladium has been staging record highs for the better part of the last seven months, outstripping even the most bullish forecasts made during 2018 as a supply squeeze inflated the metal’s price.
The iShares MSCI South Africa ETF (NYSE: EZA), the largest exchange traded fund dedicated to stocks in Africa's largest economy, is up about 6 percent this year. To be precise, EZA is up 6.05 percent year to date, but the South Africa ETF is trailing the MSCI Emerging Markets Index, of which South Africa is 5.95 percent, by more than 300 basis points. South Africa is the world's largest producer of platinum and the second-largest palladium-producing country.
Palladium prices skyrocketed to new record levels as strike jitters in South Africa added to a tense market engulfed by a sustained supply deficit.
Palladium prices and precious metals-related ETFs pushed toward new heights as the threat of strikes in South Africa tightens the supply outlook for the metal. On Monday, the Aberdeen Standard Physical ...
We have highlighted a few commodity ETFs that hit new highs in the recent trading session and will continue to trend higher given the same trends persist.
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The palladium exchange traded fund was pushing toward new record highs, with palladium prices closing above $1,400 for the first time on record, after one of the industry's biggest consumers of precious metals projected a widening supply deficit in 2019. In its recent Platinum Group Metals market report, Johnson Matthey argued industrial demand would outstrip supply by almost 1m ounces in 2019 due to surging demand on stricter emissions standards, the Financial Times reports. Palladium is key component used by the car industry in catalytic converters fitted in petrol-powered vehicles to diminish harmful greenhouse gas emissions.
The SPDR Gold Shares (NYSEArca: GLD), the largest physically backed gold-related exchange traded fund, has traded modestly higher this year while the Aberdeen Standard Phys PalladiumShrs ETF (NYSEArca: ...
The Dow Jones Industrial Average fell 300 points on Tuesday, giving safe-haven assets like gold a boost through leveraged exchange-traded funds (ETFs) like the Direxion Daily Jr Gold Miners Bull 3X ETF ...
Supporting the recent price surge in the palladium market, traders grew wary of potential supply concerns out of Russia in response to President Donald Trump’s plans to pull out of a nuclear treaty with Moscow. Trump said late last year that Washington will step away from an intermediate-range Nuclear Forces Treaty with Russia, claiming that Moscow has been violating the treaty. “The precious metal, primarily used in the auto industry for catalytic converters, has surged more than 65 percent since the middle of August,” reports Bloomberg.