Bitcoin Leads Cryptocurrency Surge; Looks to $7K & Beyond

Bitcoin is leading a cryptocurrency surge on Saturday, up 9.03% in the past 24 hours, trading at $6,947.85, according to CoinMarketCap.com. It’s a sea of green for other cryptocurrencies too – Ethereum is up 9.97% to $190.93, XRP up 7.03% to $0.32, Bitcoin Cash up 12.7% to $323.63 and Litecoin up 15.75% to $88.31, as of 12:45 pm ET on Saturday. The surge comes as more than two-thirds of high-net-worth individuals will be invested in cryptocurrencies in the next three years, reveals a new global poll. Carried out by deVere Group,…

Pacer ETFs Debuts TRND ETF on NYSE

Pacer ETFs added another string to its bow on Monday – launching the Pacer Trendpilot Fund of Funds ETF (TRND) on the New York Stock Exchange. TRND provides exposure to four ETFs in Pacer’s Trendpilot Series including the US large-cap, US mid-cap, NASDAQ-100 and international Trendpilots. Sean O’Hara, President of Pacer ETFs Distributors said quiet days in the market are few and far between, adding that investors are worried about their long-term investment horizons. “We’ve expanded two of our product lines to give investors more options in these popular strategies,” O’Hara…

Bullish Analyst Chatter Didn’t Move Marijuana ETF

The ETFMG Alternative Harvest ETF (NYSEArca: MJ) traded slightly lower Thursday despite Bank of America Merrill Lynch initiating coverage of some of the cannabis exchange traded fund’s (ETF) marquee holdings with Buy ratings. MJ seeks to provide investment results that correspond generally to the total return performance of the Prime Alternative Harvest Index. The index is concentrated in the pharmaceuticals and tobacco industries and tracks the performance of the exchange-listed common stock of companies across the globe. “Cannabis stocks have been a volatile but largely outperforming group in 2019. Yet…

2019 ETF Virtual Summit Is Now Live

The annual ETF Virtual Summit, a one-day online conference that’s complimentary for financial advisors to attend, is now live through 2 pm Eastern today. Click here to register now and attend: https://www.etftrends.com/virtual-summit. Today’s April 17, 2019 ETF Virtual Summit will be available for viewing on-demand for three months. At this year’s annual 2019 ETF Virtual Summit, backed by marquee sponsor Victory Capital Management, there will be four cutting edge virtual panels that will address some of the biggest trends and opportunities in the markets today. Leading ETF industry experts and thought leaders will…

RAAX ETF Returns to Full Allocation in Real Asset Sectors

The VanEck Vectors® Real Asset Allocation ETF (RAAX®) uses a data-driven, rules-based process that leverages over 50 indicators (technical, macroeconomic and fundamental, commodity price, and sentiment) to allocate across 12 individual real asset segments in five broad real asset sectors. These objective indicators identify the segments with positive expected returns. Then, using correlation and volatility, an optimization process determines the weight to these segments with the goal of creating a portfolio with maximum diversification while reducing risk. The expanded PDF version of this commentary can be downloaded here. Summary The VanEck Real Asset Allocation…