ETFS

Written by Nick Ackerman, co-produced by Stanford Chemist Preferred shares offer investors a combination of equity and fixed-income features. For the equity similarities, they can trade on a stock exchange throughout the day. Additionally, they can be converted to common shares if they are issued as convertible preferred stocks. For the fixed-income features, they offer
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Since the COVID-related market meltdown in March, equity funds (including ETFs) have continued to suffer net outflows despite the average equity fund moving into positive territory and posting a year-to-date return of 2.93%. They have handed back some $317.0 billion year to date (their largest net outflows for any full one-year period) through the Refinitiv
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Written by Nick Ackerman, co-produced by Stanford Chemist Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund (ETW) is a diversified global call writing fund that offers investors a strong distribution. The fund has performed rather well, considering the market gyrations that 2020 has presented it. The widening discount has recently caught my attention. The last time
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Over the past month, shareholders of the Aberdeen Standard Physical Gold Shares ETF (SGOL) have been rewarded with returns turning positive once again. In my opinion, SGOL is heading higher. I believe that the instrument makes for a solid play on gold at this time due to its methodology and holdings as well as the
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This article series shows every month a dashboard with aggregate industry metrics in technology and communication services. Most of the companies used to calculate these metrics are holdings of the Technology Select Sector SPDR ETF (XLK) and the Communication Services Select Sector SPDR ETF (XLC). Therefore, this is also a top-down survey of XLK and
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The market had lost some of its mojo in September but has regained ground since the start of this month. The S&P 500 is attempting to make new all-time highs once again. So, what’s leading this fresh momentum? It’s probably a combination of many positive factors, for example, the renewed hope of a fresh round
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The VanEck Vectors Muni Allocation ETF (MAAX) tactically allocates among VanEck municipal bond ETFs based on interest rate and credit opportunities to seek capital appreciation plus tax-exempt income. It uses a data-driven, rules-based process that leverages technical and macroeconomic indicators to guide credit and duration exposure, seeking to avoid market risks when appropriate. Overview The
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Welcome to Orchid’s Platinum Weekly report, in which we discuss platinum prices through the lenses of the GraniteShares Platinum Trust (PLTM). Thesis PLTM has performed the weakest among the precious metals group since the start of October, as the index chart below shows. Source: Bloomberg, Orchid Research While we have been willing to turn tactically
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iShares Short Treasury Bond ETF (SHV) holds over $21.2 billion in assets when we last looked at it. It is one of the larger ETFs around and assets have actually gone up over the last few years. We examine this one today as its numbers gave us a mild case of indigestion. Returns Are Nothing
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Steadily lower CEF yields and heightened volatility have underlined the attraction of alpha-generation strategies. In this article, we take a look at a number of relative value CEF opportunities in the preferreds sector. Within the Flaherty & Crumrine suite of preferred CEFs, we highlight the Flaherty & Crumrine/Claymore Total Return Fund (FLC) over the Flaherty
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Written by Nick Ackerman, co-produced by Stanford Chemist BlackRock Enhanced Capital and Income Fund (CII) provides an overweight to the attractive growth names of tech. However, to keep it more defensive, the fund utilizes an option strategy and offers exposure to a more diversified group of assets. As volatility has increased in the tech space
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Less than a month ago, I published a piece on the iShares 20+ Year Treasury Bond ETF (TLT). In it, I argued that long-term government bonds had become a terrible alternative for income-seeking investors, but at the same time a compelling diversification tool despite the zero-rate environment. Contradicting my observations, which did not properly anticipate
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The Aberdeen Asia-Pacific Income Fund (NYSEMKT:FAX) is a closed-end fund that invests in Asia-Pacific region bonds and debt securities. While the COVID-19 pandemic has represented a challenging market environment, the fund has been able to overcome significant volatility to return 2% thus far this year. The actively-managed fund currently yields 8.3% distributed monthly, making it
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My judgment is based on looking at publicly available supply and demand reports (EIA). Those reports indicated that COVID lockdowns crashed demand by ~4 million barrels per day (mb/d). Beginning in mid-April, gasoline demand has recovered to about 1 mb/d below pre-COVID. In response to the Russian-Saudi price war, COVID demand decreases, and financial issues,
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The GraniteShares Platinum Trust (PLTM) has witnessed a rebound since late September, reflecting a broad-based appreciation in the precious metals space. Nevertheless, all precious metals bar palladium are still down from their respective month-ago levels. Source: Bloomberg, Orchid Research About PLTM PLTM, which was created in January 2018, is directly impacted by the fluctuations of
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So far the SPY (NYSEARCA:SPY) has had a normal correction after an enormous move up from the bottom of a market crash to a rather surprising new high. This move was fueled by extreme fiscal and monetary stimulus. The latest stimulus package is stalled in Congress and the market move up is also stalled. Interest
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Source: Goodfon Instrument The VanEck Vectors Russia ETF (BATS:RSX) is a fund that offers exposure to equities from Russia, which include publicly-traded companies that are incorporated in Russia or that are incorporated outside of Russia but have at least 50% of their revenues/related assets in Russia. Source: VanEck Note: The RTS Index is a free-float
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Written by Nick Ackerman, co-produced by Stanford Chemist Eaton Vance Tax-Advantaged Global Dividend Income Fund (NYSE:ETG) has been able to pull off some excellent returns for being a fund with a global focus, even while they have been overweight financials and increasing the exposure as well. Tech still appears in several positions in its top
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Written by Nick Ackerman, co-produced by Stanford Chemist The Eaton Vance Enhanced Equity Income Fund II (EOS) has been on fire this year. This is thanks to its heavy weighting in tech. Led by a significant position in Amazon (AMZN). Eaton Vance runs a solid line-up of option-based funds. In this case, EOS is not
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Investment Thesis I am finding myself continuing to spend a great deal of my time and energy looking at ETFs, as opposed to individual stocks, in my pursuit of income generation. During my first pass through the most popular dividend paying ETFs, I landed on the Schwab US Dividend Equity ETF (SCHD) as my top
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