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A Huge Week Is Looming for Financial Sector ETFs April 13, 2021
Financial sector exchange traded funds are in for a big week as Wall Street banks kick off the first quarter earnings season.
RBC Capital Markets’ Gerard Cassidy anticipates financials to exceed Wall Street expectations when they start reporting this week, CNBC reports.
“The big beats are likely to come from the loan loss reserve releasing numbers,” Cassidy, RBC Capital Markets’ head of U.S. bank equity strategy, told CNBC. “Last year because of the pandemic, the banking industry set aside billions of dollars in anticipated credit losses, and the reserves for these losses weren’t used.”
April 12, 2021
Dividend growth is once again on an impressive trajectory. That’s the good news, but it also means advisors should be selective with their payout growth strategies. The
VictoryShares Dividend Accelerator ETF (VSDA) is one way of embracing a higher level of dividend selectivity.
VSDA launched in April 2017 and follows the Nasdaq Victory Dividend Accelerator Index (NQVDIV), which Victory Capital developed in partnership with Nasdaq. What makes VSDA unique is that it focuses on more than a company’s previous dividend track record.
“The Nasdaq Victory Dividend Accelerator Index seeks to create a diversified portfolio of securities which are forecasted to grow dividends. The Index selects 75 securities from the Nasdaq US Large Mid Cap Index based on factors such as dividend growth, liquidity and other financial metrics,” according to Nasdaq.
April 12, 2021
While a clean energy mantra might seem to spell doom and gloom for the oil industry, certain oil sectors have been thriving to start 2021.
One Invesco ETF has been particularly hot. The
Invesco Dynamic Energy Exploration & Production ETF (PXE) seeks to track the investment results of the Dynamic Energy Exploration & Production IntellidexSM Index. The fund invests at least 90% of its total assets in the securities that comprise the underlying intellidex.
The intellidex is composed of common stocks of U.S. companies involved in the exploration and production of natural resources used to produce energy. These companies are engaged principally in exploration, extraction, and production of crude oil and natural gas from land-based or offshore wells.