|Bid||32.31 x 1800|
|Ask||32.44 x 1400|
|Day's Range||32.31 - 33.00|
|52 Week Range||21.75 - 33.95|
|PE Ratio (TTM)||N/A|
|Beta (3Y Monthly)||1.36|
|Expense Ratio (net)||0.59%|
NEW YORK , July 10, 2019 /PRNewswire/ -- Global X ETFs, the New York -based provider of exchange-traded funds (ETFs), today announced the inclusion of three additional ETFs to Schwab ETF OneSource, one ...
Most investors within North America prefer to invest in domestic equities. These charts suggest now could be the time to look to the frontier markets.
With the second quarter winding to a close, we're nearly at the halfway point of 2019. So it's an ideal time to examine some of the investment strategies that have been working this year. Broadly speaking, 2019 has been a good year for equities, but there have recently been bumps in the road, mainly caused by an ongoing trade tiff between the U.S. and China, the world's two largest economies.As has been widely reported, this trade spat has wide-ranging implications for a variety of sectors, including cyclical and growth stocks, the corners of the equity market that have been driving forces for much of this bull run.With that in mind, it may not have been surprising that stocks tanked in May, prompting massive outflows from exchange traded funds (ETFs).InvestorPlace - Stock Market News, Stock Advice & Trading Tips"As a result of the trade-induced market drawdown, equity ETFs posted their highest level of outflows for a given month ever, totaling over $19.9 billion," said State Street in a recent note. "Outflows in May are not that uncommon, however. Over the last ten years, equities have had outflows in the month of May 45% of the time--the third highest percentage for a given month."Still, the best ETFs remain beloved by advisors and investors, particularly those looking for low-cost investment ideas or avenues for boosting portfolio diversity. Fortunately, some of the best ETFs are delivering stellar performances this year. * 6 Stocks Ready to Bounce on a Trade Deal In searching for this year's best ETFs, we excluded leveraged funds because those are short-term instruments. A heads up: investors will find that many of the best ETFs to this point in 2019 are thematic funds, including some of the ETFs highlighted here. Invesco Solar ETF (TAN)Source: Shutterstock Expense ratio: 0.70%YTD return: 49.92%Oil prices climbed earlier this year, boosting the fortunes of alternative energy stocks along the way. Of course, that scenario benefited the Invesco Solar ETF (NYSEARCA:TAN), the largest solar ETF. Up nearly 50% year-to-date, TAN is easily one of this year's best ETFs. Moreover, considering this fund's China exposure, its recent performance has been exceptional. TAN barely budged in May and is up 10.14% this month.Earlier this week, Goldman Sachs boosted its rating on several of TAN's marquee components, including SunPower Corporation (NASDAQ:SPWR), Sunrun Inc (NASDAQ:RUN), and Solaredge Technologies Inc (NASDAQ:SEDG).While TAN allocates over 21% of its weight to Chinese solar companies, one of the important factors making this one of the best ETFs and one cited by Goldman in the aforementioned upgrades is domestic in nature.Starting next year, California will require all new homes that are built there to have solar panels, representing significant opportunity for several of TAN's components. ALPS Clean Energy ETF (ACES)Source: Shutterstock Expense ratio: 0.65%YTD return: Almost 29%Keeping with the theme of alternative energy funds, there is the ALPS Clean Energy ETF (CBOE:ACES), which is also one of this year's best ETFs. ACES, which is about a year old, is one of the best ETFs for investors looking for exposure to multiple clean energy themes.While TAN is dedicated to solar, ACES offers exposure to solar, wind, smart grid, biomass, geothermal, electrical vehicle/storage and fuel cell stocks. ACES slumped a bit more than TAN last month, but this alternative energy fund is on the mend this month and is up a solid 7% in the second quarter. * Check Out These 5 Fast-Growing Stocks to Buy Today If oil prices can rebound in the back half of 2019, ACES and TAN can solidify their perches as two of this year's best ETFs. Global X MSCI Argentina ETF (ARGT)Expense ratio: 0.59%YTD return: 35.45%The MSCI Emerging Markets Index, which will soon feature Argentine stocks, is up barely more than 7% this year, but the Global X MSCI Argentina ETF (NYSEARCA:ARGT) is clearly one of this year's best ETFs, emerging markets or otherwise. Yes, some of ARGT's status as one of 2019's best ETFs has to do with global investors buying Argentine equities in anticipation of South America's second-largest economy being added to the MSCI Emerging Markets Index.However, there are other factors at play, including ARGT's 21.14% weight to Latin American e-commerce giant MercadoLibre, Inc. (NASDAQ:MELI). That stock, which is ARGT's largest holding, is up nearly 113% this year. ARGT is up 8.39% this month as the fund has been boosted by news that President Mauricio Macri is opting for a moderate running mate in this year's national election there."This year, Argentine markets seem to be mimicking patterns from the last presidential election cycle in 2015, when after a strong Q1, election-related uncertainty led to a mid-year market downturn," according to Global X research. "Almost on cue in 2019, a 17.3% rise in Q1 was met with a selloff in April after default risk spiked. The jump came after early polling data showed higher approval ratings for the former populist President, Cristina Fernandez de Kirchner (CFK) relative to the current pro-market reformist President, Mauricio Macri." Invesco DWA NASDAQ Momentum ETF (DWAQ)Source: Shutterstock Expense ratio: 0.60%YTD Return: 34.05%Some momentum stocks have been under pressure due to the trade spat, but others, particularly those with significant domestic exposure, are holding up pretty well. That has the Invesco DWA NASDAQ Momentum ETF (NASDAQ:DWAQ)sitting pretty as one of this year's best ETFs. DWAQ can be used as complement or alternative to traditional Nasdaq-100 ETFs.DWAQ tracks the Dorsey Wright NASDAQ Technical Leaders Index, which is a different beast than the cap-weighted Nasdaq-100. "All securities in the universe are ranked using a proprietary relative strength (momentum) measure. Each security's score is based on intermediate and long-term price movements relative to a representative market benchmark and the other eligible securities," according to Invesco. * 5 Undervalued Stocks to Buy DWAQ actually makes for a nice complement to a standard Nasdaq-100 ETF because this Invesco allocates "just" 27% of its weight to technology and healthcare is its largest sector weight at 38.22%. DWAQ is also one of the best ETFs for investors seeking mid/small blend exposure because large caps represent just 19.25% of the fund's weight. O'Shares Global Internet Giants ETF (OGIG)Source: Shutterstock Expense ratio: 0.48%YTD return: 31%The O'Shares Global Internet Giants ETF (NYSEARCA:OGIG) is one of several internet funds that qualify for the best ETFs conversation, but there is something rather remarkable about this fund this year. While OGIG features ample exposure to Chinese internet stocks, some of which have been slammed by the trade war, this fund is holding up really well.None of OGIG's holdings command weights of more than 6.59%, but the good news for investors is that marquee domestic names in the fund, such as Facebook (NASDAQ:FB) and Alphabet (NASDAQ:GOOG,GOOGL), derive significant portions of their revenue in the U.S. and small percentages in China.Alphabet and Facebook garner 2% and 9% of their revenue from China, respectively, but Tencent depends on its home country for 97% of its top line, according to O'Shares research. Todd Shriber does not own any of the aforementioned securities. More From InvestorPlace * 4 Top American Penny Pot Stocks (Buy Before June 21) * 7 Blue-Chip Stocks to Buy for a Noisy Market * 5 Strong Buy Biotech Stocks for the Second Half * 6 Stocks Ready to Bounce on a Trade Deal Compare Brokers The post 5 of the Best-Performing ETFs for 2019 So Far appeared first on InvestorPlace.
Argentina country-specific exchange traded funds led the charge on Wednesday after President Mauricio Macri tapped moderate Argentine Senator Miguel Pichetto as the vice-president candidate in the upcoming ...
While major emerging markets benchmarks slumped in May, the Global X MSCI Argentina ETF (ARGT) , the oldest and largest exchange traded fund dedicated to stocks in South America’s second-largest economy, stood out, surging more than 8%. ARGT, which debuted more than eight years ago, follows the MSCI All Argentina 25/50 Index.
The Global X MSCI Argentina ETF (ARGT) , the oldest and largest exchange traded fund dedicated to stocks in South America's second-largest economy, is up nearly 19% this year. AGT, which debuted more than eight years ago, follows the MSCI All Argentina 25/50 Index. Argentine stocks have been rallying this year due in large part to the upcoming inclusion in the MSCI Emerging Markets Index.
When investors think of e-commerce and the related investments, they usually focus on the U.S. and companies such as Amazon.com Inc. (AMZN) first, and then, maybe, give a look to China. Shares of Argentina-based MercadoLibre, Inc. (MELI), often referred to as the “eBay of Latin America,” surged Friday after the coming reported better-than-expected first-quarter results. In midday trading in New York, the stock was up 19%, providing a boost to exchange traded funds (ETFs) with significant exposure to the stock.
Argentina country-specific ETFs climbed Friday after e-commerce retailer MercadoLibre Inc rallied to a record high on a first-quarter revenue beat. On Friday, the Global X MSCI Argentina ETF (NYSEArca: ...
After a third review of Argentina's economic progress, the International Monetary Fund (IMF) released a $10.8 billion round of funds as part of a major financing deal reached last year. On Friday, the Global X MSCI Argentina ETF (ARGT) was up 1 percent and the iShares MSCI Argentina and Global Exposure ETF (AGT) was 1.02 percent higher. While both ETFs are up YTD, economic risk do remain. Argentina, Latin America’s third largest economy, is facing recessionary pressure, which does warrant caution by prospective investors.
The Global X MSCI Argentina ETF (ARGT) and the iShares MSCI Argentina and Global Exposure ETF (AGT) are both sporting double-digit year-to-date gains, but some analysts see lingering fiscal risks for Argentina’s economy. Argentina, South America's second-largest economy behind Brazil, is facing recession pressure, including high cost of credit and slack demand. “The Argentine peso showed appreciating pressure in January 2019, dropping below the Central Bank's (Banco Central de la República Argentina: BCRA) no-intervention range and prompting the bank to purchase hard currency and to relax monetary policy,” said Markit in a recent note.
While most of the market slipped on Wednesday, Argentina country-specific exchange traded funds still managed to climb higher, strengthening on phenomenal results from Latin American e-commerce giant MercadoLibre ...
ETFs that were badly beaten up in 2018, and currently rank among the weakest in terms of relative strength, are poised for big gains in the short term, according to a study by Ned Davis Research. “The Q4 decline resembled the 2011 and 2015/2016 bear markets.
Amid a plunging currency, a scorched earth campaign to boost interest rates and bailout concerns, Argentina was home to some of 2018's worst-performing equity markets. The Global X MSCI Argentina ETF (ARGT) and the iShares MSCI Argentina and Global Exposure ETF (AGT) are both sporting double-digit year-to-date gains, but some analysts see lingering fiscal risks for Argentina's economy. “Argentina met its fiscal deficit target last year, but risks to hitting future targets remain significant,” Fitch Ratings said in a recent note.
The S&P 500 is lower by nearly 8 percent on a year-to-date basis, indicating it's going to take a lot of work in a short amount of time for the index to close 2018 on an upbeat note. There are over 2,200 ...
Argentina ETFs have picked up speed, breaking above their short-term trend lines, after gaining approval for three loans totaling more than $1.8 billion. On Friday, the Global X MSCI Argentina ETF (ARGT) was up 1.1% and the iShares MSCI Argentina and Global Exposure ETF (AGT) was 3.2% higher. Argentina's markets were strengthening after the World Bank and the Inter-American Development said they were providing the emerging economy with three loans totaling more than $1.8 billion to support the country through its financial difficulties and citizens whom are most at risk, the Associated Press reported.
Argentina stocks and country-specific ETFs bounced higher Monday after the International Monetary Fund stated "important progress" has been made on overhauling the developing country's standby loan agreement. On Monday, the Global X MSCI Argentina ETF (ARGT) was up 1.6% and the iShares MSCI Argentina and Global Exposure ETF (AGT) was 1.5% higher. Supporting the rebound in Argentina's market, the downtrodden peso currency appreciated and the risk of its bonds defaulting improved slightly as the budget bill and reworked IMF deal grow closer to being announced, Reuters reports.
In what has been a rough year for broader emerging markets benchmarks, exchange traded funds tracking Latin American markets are being repudiated. For example, the S&P Latin America 40 Index is down more than 12% year-to-date. Smaller, investable Latin American markets such as Argentina along regional giants Brazil and Mexico are tumbling.
The Global X MSCI Argentina ETF (ARGT) , the largest US-listed exchange traded fund tracking Argentine equities, is down 12.30% over the past month, making it one of the worst-performing single-country ETFs over that period. Argentina recently procured a bailout package from the International Monetary Fund (IMF), but that only sparked a short-term rally in the country's financial markets. The bailout package was a cause of contention for students and university professors who rallied in Buenos Aires to protest austerity measures, such as budget cuts to educational programs as part of the bailout.
Emerging markets bear the brunt of angst over trade as President Trump threatens to slap another round of tariffs on Chinese goods. Cloud computing trended thanks to skyrocketing cloud usage and record capital expenditures of the largest cloud infrastructure players. Argentina came third in the list as optimism surfaced after government and IMF officials signaled progress in the talks regarding the improvement of a standby loan agreement approved in June. Lithium oversupply in China has sent prices to 14-month lows as cheap, locally produced material hurts the international market. The U.S. dollar closed the list due to positive reaction to strong wage data and an overall upbeat jobs report. Check out our previous trends edition at Trending: Markets Plough Ahead on NAFTA Breakthrough.
Argentina country-specific exchange traded funds plummeted Thursday after the central bank unexpectedly hiked interest rates to bolster confidence over a faltering peso currency, which recently weakened to a new low in response to the government's request for the International Monetary Fund to speed up loans under its bailout package. In an unscheduled meeting, Argentina's central bank sharply raised rates to 60% from 45% and pledged to not lower rates until at least December in an attempt to support the peso, the Wall Street Journal reports.