Board of Directors ) hereby informs the shareholders of the Sub-Funds (the
Shareholders ) that it has resolved to make certain changes to the Sub-Funds, as detailed below (collectively referred to as the “
Changes”).
Capitalised terms not defined herein shall have the same meaning ascribed to them in the most recent version of the prospectus of the Company (the “
Prospectus”), unless the context otherwise requires.
The Changes in relation to each Sub-Fund will be carried out on a date between 1 September 2021 and 30 November 2021 (each an “
Effective Date”). A notice will be published on the website of the Company, www.Xtrackers.com (the “
Top Performing ETFs For May 2021
Gold and silver miners as well as oil and energy ETFs dominate the list.
Author:
Gold and silver miners as well as oil and energy ETFs dominate the list.
May was a month of relatively modest returns for U.S. stocks. The S&P 500 (SPY), the Russell 2000 (IWM) and the Nasdaq 100 (QQQ) were all little changed, while U.S. Treasuries were essentially unchanged. International stocks performed better with developed markets gaining around 3% and emerging markets adding 2%.
The big story of the month, however, was the commodities market. Prices on everything from lumber to steel to wheat to oil have been soaring. Industrial commodity prices in some cases have come crashing back down to earth, but precious metals have done well as inflation expectations continue to rise and the dollar continues to fall.
Baker Hughes Jumps as Barclays Optimistic About Oil Services
Baker Hughes was upgraded to overweight from equal weight at Barclays. The time to own oilfield services is now, the investment firm says.
Author:
Shares of Baker Hughes (
BKR) jumped on Monday after Barclays analysts upgraded the stock to overweight from equal weight on a bullish outlook for global oil markets. The time to own [oilfield services] is now, Analyst J. David Anderson said, according to Bloomberg.
Anderson raised his price target on the Houston company to $28 a share from $25.
At last check Baker Hughes was up 8.8% to $21.85.
Anderson upgraded his industry view on the oilfield services and equipment sector to positive.
Exxon Mobil (
XOM) - Get Report on Wednesday laid out plans through 2025 to boost earnings and cash flow, grow its dividend, fund projects and slash debt, as the oil company giant works to reassure investors following a year in which it experienced its first-ever loss as a public company.
Shares of the Irving, Tex. company were up 0.68% at $56.45 in pre-market trading.
In a statement released ahead of an investor day, Chairman and CEO Darren Woods said the company expects the investments to generate returns north of 30%.
The company noted that future spending plans take into account potential market volatility as the economy recovers from the pandemic.