Silver ETFs Topped All Funds Last Week on Hedge Demand
Geopolitical unrest, demand for silver products and diminishing hopes for multiple rate hikes boosted the metal.
Geopolitical unrest, demand for silver products and diminishing hopes for multiple rate hikes boosted the metal.
VOO brought in $2.45 billion while $2.59 billion flowed from SPY, and both funds track the S&P 500.
The bull run for larger stocks is forcing downstream diversification.
This red-hot safe asset may appeal to risk-averse investors.
Silver’s price is outpacing gold and the S&P 500 index in 2024.
Earnings season is poking its head around the corner for 2024 as markets (^DJI, ^IXIC, ^GSPC) spring into the second quarter. Interactive Brokers Chief Strategist Steve Sosnick sits down with Market Domination to outline what could drive stocks as companies report their latest round of earnings results. "My concern going forward is that... are we able to beat the raised bar that we've set for ourselves?" Sosnick tells Yahoo Finance. "Some companies have been able to do it. You look at a Nvidia, which is remarkably good at beating and raising, and then beating again. Most companies can't do that." Sosnick also weighs in on oil prices (CL=F, BZ=F) and their influence on energy markets and the Federal Reserve's perspective on inflation. For more expert insight and the latest market action, click here to watch this full episode of Market Domination. Editor's note: This article was written by Luke Carberry Mogan.
Here are the daily ETF fund flows for April 4, 2024.
SPDR Gold Trust ETF (GLD), which tracks the price of gold bullion, has gained 9.3% in the past month. In comparison, iShares Silver Trust (SLV), the ultra-popular silver ETF, has outperformed its gold cousin, climbing 12.6% in the same time frame.
Invesco Ltd. (NYSE: IVZ), a leading global asset management firm, announced today that it has expanded its line-up of small-and-mid-cap (SMID) factor exchange traded funds (ETFs). In the first quarter of 2024 there has been an uptick of interest into notable Invesco SMID Factor ETFs as investors search for fund profiles differentiated from the large-cap growth profiles currently dominating markets.
Stocks of the biggest ETF issuers help push these funds' performances.