March 17, 2021
In the wake of Tesla’s dominance of the electric car industry, Ford and other automakers are now looking to learn from Tesla’s experience and build on it, something that could eventually boost auto ETFs.
Ford’s CEO Jim Farley was complimentary of Musk, commenting “Respect,” after the Tesla CEO recently tweeted that that Ford and Tesla were, “the only American carmakers not to have gone bankrupt out of 1000′s of car startups.”
Farley appeared to call attention to its prowess and spark competition amongst his rivals, while acknowledging Tesla’s accomplishments in the EV arena. The 117-year-old company has often proclaimed its survival of the Great Recession, after fellow automakers such as General Motors and then-Chrysler went bankrupt in 2009.
March 17, 2021
Pay enough attention to the silver market this year and you’re sure to hear something about short covering and squeezes.
That chatter is starting up again, and it could be to the benefit of the
“Silver once again outperformed Gold today by gains, Silver is up just over 1%, while Gold gained only 0.24%. According to the CFTC data as of March 9, there is a 20,000 spread between the overall net positions on Silver Futures, with an edge going to short positions,” reports
PSLV is a closed-end fund that lets investors redeem large blocks of shares in exchange for delivery of silver bullion.
March 17, 2021
Value, momentum, and low volatility are all solid factors to incorporate in a portfolio. Why not have all three? ETF investors certainly can with the strategized
AUSF seeks to provide investment results that correspond generally to the price and yield performance of the Adaptive Wealth Strategies U.S. Factor Index. The fund invests at least 80% of its total assets in the securities of the index. Its 80% investment policy is non-fundamental and requires 60 days prior written notice to shareholders before it can be changed.
The index is designed to dynamically allocate across three sub-indices that provide exposure to U.S. equities that exhibit characteristics of one of three primary factors: value, momentum, and low volatility. Furthermore, AUSF comes with a low expense ratio of 0.27%.
March 17, 2021
The growing popularity of socially responsible investment funds has been a positive for the issuers that offer these types of products.
Exchange traded funds that track the socially responsible investment theme come come with 43% higher fees than widely popular beta index funds, the Wall Street Journal reports.
According to FactSet data, the average fee on environmental, social, and governance funds was 0.2% as of the end of 2020. In comparison, ETFs that invest in U.S. large-cap stocks come with a 0.14% average fee, and some ETFs on the market even have zero fees or a 0.00% annual expense ratio.
“ESG creates a fantastic revenue possibility for large firms,” Dr. Wayne Winegarden, a senior fellow at the Pacific Research Institute, told the WSJ.
On Wednesday, Hartford Funds announced the launch of a new fund, the
Hartford Longevity Economy ETF (NYSE Arca: HLGE), which seeks to provide investment results that, before fees and expenses, correspond to the total return performance of the Hartford Longevity Economy Index (LHLGEX). LHLGEX is designed to generate attractive risk-adjusted returns by investing in companies that comprise industries that reflect certain themes that are expected to benefit from the aging population’s growth and the substantial buying power it represents.
HLGE is designed to invest in companies included within industries that provide goods and services that reflect longevity economy themes, including aging in place and home modification, working longer, performance health and comfort, maintaining social connections, financial freedom, staying mobile, human enhancement and leisure, and entertainment.