Emerging Market Resurgence Can Thank China ETFs

China ETFs are playing pivotal roles in this year’s emerging markets resurgence. One of those funds is the WisdomTree ICBCCS S&P China 500 Fund (WCHN n/a), which is higher by more than 21%. The ICBCCS S&P China 500 Fund tries to reflect the performance of the S&P China 500 Index, a group of 500 of the largest, most liquid Chinese companies by market capitalization and one of the only broad-based indices with exposure to all Chinese equity share classes, listed both in mainland China and internationally. Due to its more…

Long-Term Fund Flows See Best Month in Over a Year

The latest Morningstar Direct Flows Commentary showed that long-term fund flows during the month of February saw their best month since January 2018 with a capital influx of $53.5 billion. U.S. equities are off to a strong start year-to-date in 2019, but it was taxable-bond and municipal-bond funds receiving a large portion at $37.3 billion and $11.2 billion, respectively. Municipal bond funds, in particular, notched their best inflows since 2009. “With the Fed signaling a pause in rate increases, bond investors decided it’s safe to go back into the water,”…

Mortgage rates slide to a 13-month low

The 30-year fixed-rate mortgage averaged 4.28% in the March 21 week, mortgage guarantor Freddie Mac said Thursday. That was down 3 basis points during the week and a 13-month low for the popular product, which has managed a weekly gain only twice during 2019. The 15-year adjustable-rate mortgage averaged 3.71%, down from 3.76%. The 5-year Treasury-indexed hybrid adjustable-rate mortgage averaged 3.84%, unchanged during the week. Fixed-rate mortgages follow the benchmark U.S. 10-year Treasury noteTMUBMUSD10Y, +0.35%  , although they move with a bit of a lag. Investors have been piling into bonds over the past…

‘Green New Deal’ Could Bolster Renewable Energy Sector ETFs

Renewable energy stocks and sector-related ETFs may stand to benefit the most from the Green New Deal, a proposal to end U.S. fossil fuel consumption within a decade, but companies in the sector are loath to openly support it. Among the best performers of the year, the Invesco Solar ETF (NYSEARCA: TAN) advanced 33.5% and Invesco WilderHill Clean Energy ETF (NYSEArca: PBW) increased 31.0%. Clean energy stocks have been rallying this year as talks of a Green New Deal, an aggressive proposal backed by several Democratic presidential candidates to end…