Tag: Trading ETFS

The Pakistan country-specific ETF stood out Tuesday, strengthening for the second consecutive day as some bargain hunters look to a downtrodden market. Among the best performing non-leveraged ETFs of Tuesday, the Global X MSCI Pakistan ETF (PAK B-) increased by 3.0%. PAK has plunged 46.5% over the past year and decreased 29.1% year-to-date. Pakistan’s KSE-100 index declined over 10% in eight consecutive sessions to a five-year low by Friday last week. “Such index numbers had not been seen since the infamous market closure in 2008,” Topline Securities said, according to…

The iShares North American Tech-Software ETF (IGV B+) is lower by nearly 5% this month, indicating that high-flying software stocks have been stung by the trade war with China, as has been the case with other groups within the technology space. IGV seeks to track the investment results of an index composed of North American equities in the software industry and select North American equities from interactive home entertainment and interactive media and services industries. The fund generally invests at least 90 percent of its assets in securities of the…

Institutional investors and hedge funds have shifted away from technology names as the U.S.-China trade war extends and picked up battered healthcare names. Retail investors can also gain exposure to the broad healthcare through sector-specific ETFs. According to Goldman Sachs, hedge funds are bottom fishing in healthcare, with healthcare names now accounting for the biggest sector exposure for hedge funds at 18% by the end of the second quarter, CNBC reports. “Funds took the policy-driven decline of Health Care stocks in 1H as an opportunity to lift the sector to…

Looking to build on the success of the AdvisorShares Pure Cannabis ETF (YOLO n/a), AdvisorShares has filed plans for another actively managed cannabis ETF, one that will focus on US-based marijuana companies. The issuer is looking to launch the AdvisorShares Pure US Cannabis ETF, which will trade on the New York Stock Exchange under the ticker “MJUS.” “In addition to its investment in securities of companies that derive a significant portion of their revenue from the marijuana and hemp business, and in derivatives providing exposure to such securities, the Fund…

When asked about where things are in the market cycle during a Charles Schwab-hosted media call last Friday, Direxion’s Sylvia Jablonski spoke on the impact of recent volatility, and what it could be building towards. “It’s certainly been a weird and volatile market, to say the least,” said Jablonski, Managing Director, Capital Markets and Institutional ETF Strategist at Direxion. “Volatility has consumed focus over recent weeks, despite a fantastic start to the year. In January, there was a debate as to whether the Fed would raise rates. Quickly after, when…