ETFS

Thesis Welcome to Orchid’s Palladium Weekly report, in which we discuss palladium prices through the lenses of the Aberdeen Standard Physical Palladium Shares ETF (NYSEARCA:PALL). PALL has traded sideways of late, reflecting a horizontal consolidation in the PGM space. Palladium’s fundamentals are less tight than expected due to the COVID-19 shock, which is reflected in
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Photo Source: Tasos Katopodis/Pool via REUTERS. Federal Reserve Chairman Jerome Powell, wearing a face mask, testifies before the House of Representatives Financial Services Committee during a hearing on oversight of the Treasury Department and Federal Reserve response to the outbreak of the coronavirus disease (COVID-19), on Capitol Hill in Washington, U.S., June 30, 2020. For
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As the coronavirus pandemic continues to inject elements of uncertainty into the financial markets, investors seem to be testing various assets in order to identify the instruments that are most likely to possess safe haven qualities. Since May 2020, valuations in the Invesco CurrencyShares Euro Trust (NYSEARCA:FXE) have risen by over 5.5% and these moves
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Lipper’s fund asset groups (including both mutual funds and ETFs) suffered net negative flows of $31.3 billion for the fund-flows trading week ended Wednesday, July 1. The net outflows were attributable to money market funds (-$28.0 billion) and equity funds (-$10.0 billion). Money market funds have had net money leave for seven consecutive weeks while
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Main Thesis The purpose of this article is to evaluate the PIMCO High Income Fund (PHK) as an investment option at its current market price. This is a fund I have avoided for years, despite regularly buying and recommending other PIMCO CEFs. As we move into the second half of 2020, I continue to see
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The non-agency MBS sector has gone through a roller-coaster ride in the last few months due to heavy sell-downs by leveraged players and a subsequent snapback in demand by value hunters. We remain overweight the sector on the service due to continued sector demand, fiscal support of households and a decent housing price backdrop. In
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As you can see in the following chart, the United States Natural Gas Fund (UNG) has seen a bit of a rally over the past week in line with a surge in the commodity, after several months of losses. This has been a very trying year for long traders in this natural gas ETF as
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Introduction The Vanguard Growth ETF (NYSEARCA:VUG), which I wrote briefly about in this article titled 3 Great Large Cap Growth ETFs To Pick Up On A Dip, consistently outperforms the S&P 500. It has, however, lagged behind technology as one can see in the chart below. The ETF charges an ultra-low fee of just 0.04%
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A couple of weeks ago, I wrote an article where I estimated that iShares MSCI Brazil Capped ETF (EWZ) would remain stagnant in the short-term. Since then, EWZ’s price has fluctuated around $29, which is less than my estimate of $31. The FX rate was responsible for the majority of EWZ’s volatility and underperformance, which,
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The market (NYSEARCA:SPY) just hit a speed bump by trying to rocket to the old high after a Covid-19 market crash. Everyone was amazed at the quick bounce-back in the market despite the enormous unemployment and the continuing bear market in the economy. The market was optimistically looking for a rare “V” bottom and a
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Originally Published August 15, 2019 The following data is derived from trading activity on the Tradeweb Markets institutional European- and U.S.-listed ETF platforms. European-Listed ETFs Total traded volume Trading activity on the Tradeweb European-listed ETF marketplace reached EUR 30.67 billion in July, a new high for monthly notional volume. The proportion of transactions completed via
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In this article, we examine the significant weekly order flow and market structure developments driving XLU price action. As noted in last week’s XLU Weekly, the highest probability path for this week was for neutral price discovery. This week’s primary expectation played out, albeit marginally, as balance developed early week at current, all-time highs, before
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As markets chop around from the recent trade war and recession contagion spreads, its hard to find investments that you can park your money in while waiting for things to settle down. This week, I received a message from a Seeking Alpha reader asking if I would look at the PIMCO Enhanced Short Maturity Active
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Neuberger Berman Real Estate Securities Income Fund Inc. (NRO) has performed exceptionally well in 2019. This is primarily due to the fund’s focus on holding REITs. Additionally, the fund has a large portion of its assets invested in preferred shares. These two asset classes have performed very well in 2019 and can help to explain
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For the third consecutive week, investors were overall net purchasers of fund assets (including those of conventional funds and ETFs), injecting $14.6 billion for Lipper’s fund-flows week ended August 21, 2019. Fund investors were net purchasers of money market funds (+$22.6 billion), taxable fixed income funds (+$2.8 billion), and municipal bond funds (+$1.6 billion). However,
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This article was coproduced with Hoya Capital Real Estate. Real estate ETFs are an excellent option for investors seeking low-cost, liquid, and diversified exposure to real estate. While iREIT is geared primarily toward individual and institutional investors with the time and manpower to evaluate and actively manage portfolios of individual securities, admittedly not every individual
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We initiated a position into Vertical Capital Corp. (VCIF) shortly after we recommended it in our July monthly letter. Our thesis on the fund rested on our notion that activists would soon attack the fund and attempt to exploit it via some sort of corporate action. We were very quickly proven correct. VCIF can be
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Global infrastructure, a class of “real assets“, has become more and more popular with investors who are seeking to enhance the resilience and diversification of their equity portfolio. Infrastructure assets, including utilities, oil and gas pipeline networks, communications and transportation infrastructure, provide important services to the broader society. These assets can provide stable and predictable
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In this article, we examine the significant weekly order flow and market structure developments driving XLE price action. As noted in last week’s XLE Weekly, the primary expectation for this week’s auction was for price discovery lower within the context of an incomplete corrective phase from 64.60s. This week’s primary expectation did play out as
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