|Bid||35.11 x 1000|
|Ask||35.33 x 900|
|Day's Range||35.01 - 35.65|
|52 Week Range||30.92 - 50.29|
|PE Ratio (TTM)||N/A|
|YTD Daily Total Return||-27.69%|
|Beta (5Y Monthly)||1.06|
|Expense Ratio (net)||0.09%|
This week's surveys of purchasing managers from around the world may show the level of economic damage from COVID-19. Also U.S. unemployment claims, are expect to climb again.
Passive funds might be the most optimal choice, but not necessarily the definite choice. “I would be very careful with saying "definite" because very few things in investing are,” said Alex Bryan of Morningstar. “So large-cap stocks are a really good candidate for index funds because these tend to be areas of the market where the index is a representative of how active managers invest,” added Bryan.
The International Monetary Fund (IMF) isn't making any friends around the world after it cut growth forecasts for major economies like the U.S. It should put certain ETFs on the watch list if investors are looking to get international exposure via funds that focus on the world's economic powerhouses like the U.S., China, Europe and India. While higher, this number represents a downgrade from the 3.4% growth expected during last October's 2019 World Economic Outlook. The lower forecast came after the IMF projected less growth for India this year.
As global markets rallied on Monday, European region-related ETFs touched new highs, with Europe's market breaking its first record in over four years, on diminishing political risks. The Europe ETFs are now trading around their highest level since early 2018. Meanwhile, the benchmark Stoxx Europe 600 index, which tracks companies across Europe and the U.K., climbed about 24% this year, putting it on track for its best performance in a decade, the Wall Street Journal reports.
U.S. traders have been racking up bets that Europe's economy has bottomed out with $1.5 billion poured into ETFs that focus on European assets, according to a Bloomberg report. “The downward momentum in manufacturing seems to have stalled out,” said Yung-Yu Ma, chief investment strategist at BMO Wealth Management, which had $74 billion of assets under administration as of July 31. WisdomTree Europe Hedged Equity Fund (HEDJ) : seeks to track the price and yield performance, before fees and expenses, of the WisdomTree Europe Hedged Equity Index.