Innovator Adds Nov. Buffer ETF Lineup

Innovator ETFs today added to its lineup of defined outcome ETFs with another trio of funds that provide downside protection while limiting the upside investors can realize. The funds reset their buffers and adjust their upside caps on an annual basis. The funds each charge an expense ratio of 0.79% and list on Cboe Global Markets, the parent company of ETF.com. The funds are all actively managed but seek to replicate the performance of the S&P 500 Price Index using flexible exchange (FLEX) options on the index. The funds, their…

November 1, 2019 Weekly Market Recap

November 2, 2018 Weekly Market Recap

The S&P 500 (+1.5%) and Nasdaq Composite (+1.7%) both set record highs in this macro-driven week that featured the Fed, economic data, earnings reports, and trade news. The Dow Jones Industrial Average rose 1.4%, and the Russell 2000 rose 2.0%. The Fed is a good place to start after it cut the target range for the fed funds rate by 25 basis points to 1.50-1.75%. This was expected, but the central bank signaled that another quarter-point cut shouldn’t be expected soon. Fed Chair Powell added that he would need to…

Markets Close on Lows After China Woes, Fed News

It was a volatile day for U.S. markets that plunged on the open on news that the United States had banned 28 Chinese companies from doing business with American companies due to human rights issues. Markets jumped briefly on news that the Federal Reserve is planning to increase its balance sheet again, in part based on the shock to overnight lending markets in September, Chairman Jerome Powell said Tuesday. However, trade negotiation woes and digestion of Federal Reserve news led the markets to reverse all gains and head south rapidly. The…

October 4, 2019 Weekly Market Recap

August 31, 2018 Weekly Market Recap

The markets staged an impressive comeback rally on Friday, though the S&P 500 still declined 0.3% for the week. Several economic reports reawakened growth concerns and contributed to heavy selling, but the market was able to end the week on a positive note following decent employment data for September. The Dow Jones Industrial Average lost 0.9%, and the Russell 2000 lost 1.3%. The Nasdaq Composite increased 0.5%. Five S&P 500 sectors finished lower, while six finished higher. The energy (-3.8%), materials (-2.5%), industrials (-2.4%), and financials (-2.2%) sectors posted big…

No One Chasing India ETFs Rally

India ETFs have been surging, rallying as much as 8% in five days on the heels of an unprecedented corporate tax rate cut many say could boost earnings sooner rather than later. However, investor enthusiasm remains muted at best. The biggest India ETFs, the $5 billion iShares MSCI India ETF (INDA), and the $1.2 billion WisdomTree India Earnings Fund (EPI), each gained roughly 7% last week. The iShares India 50 ETF (INDY), which has $744 million in total assets, jumped 8.3%.     No Asset Inflows While the one-week performance charts are impressive, assets…