It's a tough market. Rolling banking stress, debt ceiling negotiations, inflation worries, recession worries. Some clients are moving into cash, others moving into Treasuries, others are buying protection strategies that benefit when markets move down or sideways. With the exception of big-cap technology and defensive consumer staples and health care, much of the equity market is out of favor with investors. What's next for the markets and the ETF space? Join us Monday on ETF Edge at 1:10 PM ET when our guests will be Anna Paglia, Head of ETFs and Indexed Strategies at Invesco, and Scott Ladner, CIO of Horizon Investments. Anna oversees some of the largest ETFs in the business, including the Invesco QQQ (QQQ) and the S&P 500 Equal Weight ETF (RSP), as well as large bond and commodity ETFs. Scott manages $8 billion, with much of it in ETFs.
Doubling down on single-stock ETF offerings. GraniteShares is set to double its existing bet on single-stock ETFs – now looking to launch 32 new funds focused on leveraged daily exposure to individual companies like Apple, Tesla, Meta, American Airlines and Coinbase. It's worth noting that while single-stock leveraged and inverse ETFs made waves back when they debuted last year, the bulk of the flows between July and the end of March have been tied to Tesla ETFs.
IndexIQ launches active ETF focused on real assets. Earlier this week, IndexIQ announced the launch of its IQ CBRE Real Assets ETF (IQRA), in a move to expand its suite of active ETFs. The new fund aims to provide total return through a diversified portfolio of core real assets securities – meaning, income from dividend-paying real estate and infrastructure equities – which have typically outperformed during higher periods of inflation. Top holdings will include Crown Castle, Simon Property Group, NextEra Energy and Public Storage.
Bull market in uranium? There's an ETF for that. Bank of America sees a "third bull market" on the horizon for uranium – widely used to fuel nuclear power plants – amid a projected shortage through 2035. They cite rising demand amid a global focus on energy security and expect more than 100 reactors to be built or extended in the next several years. Bank of America strategist Jared Woodard recommends the Global X Uranium ETF (URA) to investors looking to play the space.
Grayscale expanding ETF lineup. Grayscale Investments, led by CEO Michael Sonnenshein, is forging ahead in its plan to transform into a major ETF player, even as its potential flagship fund remains blocked by regulators. The company just created the Grayscale Funds Trust to manage publicly traded products, including ETFs – and just filed for three new crypto-focused ETFs under the banner of the trust – including an Ethereum futures ETF.
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