7 Most-Searched ETF Areas In The Past 7 Days
Zacks Investment Research | Jan 21, 2020 02:30AM ET
The year so far has been eventful with the signing of the U.S.-China phase-one trade deal, the passing of the USMCA deal, upbeat earnings releases, mixed U.S. economic data points, record high stock market and the sudden return of global growth worries.
Against this backdrop, below we highlight a few ETF areas that were most-searched on xtf.com in the past seven days.
India
India investing has been an area to watch lately amid slowing economic growth. The country has been one of the most-followed ones in the past one-month frame.
Its growth for Q3 2019 was SCIF , Market Vectors-Rupee/USD ETN (ASX:INR) and iShares MSCI India Small-Cap ETF (LON:SMIN) gained in the range of 3.2% to 4.5% in the past week.
However, on Jan 20, the International Monetary Fund (IMF) cut India's economic growth estimates for the current fiscal to 4.8% and labelled the country's much lower-than-expected GDP numbers as one of the drags India's growth premium over EM s is likely to be the lowest since 2012-13,” per Business Standard. With this, we might see renewed pressure in the India market.
Fixed Income
This is another hot segment given the subdued interest rate environment globally. QE measures by the ECB and BoJ, easy money policies by the Fed and several other developed and emerging economies kept the rise in interest rates at check and favored fixed-income investing.
Among the winning fixed-income ETFs this year, there wereDirexion Daily 20+ Year Treasury Bull 3X Shares HYEM (up 2.4%).
Large Cap
Global large-cap stocks were also most watched. The most gainful funds in the space mainly belonged to the tech space. This also helped the technology sector make a place for itself in the top trending areas.
Most gainful funds in this area were MicroSectors FANG+ ETN FDNI (up 6.9%).
Norway
Norway is among the top 10 nations in terms of oil exports. Per the U.S. Energy Information Administration (EIA), Norway is the Country ETFs to Top/Flop on US Air Raid at Baghdad ).
BlackRock
Who doesn’t know about the dominance of BlackRock (NYSE:BLK) in the ETF industry? BlackRock, Vanguard Group and State Street Corp. (NYSE:STT) dominate 10 ETFs That Have Been Investors' Favorites ).
Outperforming BlackRock ETFs this year are iShares MSCI Turkey ETF (MC:TUR) (up 7.8%), iShares Expanded Tech-Software Sector ETF (MI:IGV) (up 7.4%),and iShares Cybersecurity and Tech ETF Turkey ETF Rallying Hard: How Long Will the Trend Last? )
Palladium
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After a surge in 2019, palladium price momentum is showing no sign of a slowdown in 2020. The rally has mainly been backed by growing global demand and stagnating supply. “There are Top ETF Areas of Last Week ).
Kensho Index
This index provider caught the attention of the S&P Global (NYSE:SPGI) in 2018 when the latter acquired Kensho Technologies to boost its artificial intelligence . With AI and algorithm taking an upper hand lately, investors’ inclination for products following Kensho indexes are on the rise.
Some of the top-performing ETFs tracking Kensho Indexes are SPDR S&P Kensho Future Security ETF CNRG (up 5.9%).
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