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Investors appear to shrug off trade-war risk for now

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ETF Securities - Investors appear to shrug off trade-war risk for now Inflows into industrial metal baskets of US$9mn highlights cyclical optimism as investors appear

ETF Securities – Investors appear to shrug off trade-war risk for now

Highlights

  • Inflows into industrial metal baskets of US$9mn highlights cyclical optimism as investors appear to shrug off threats of a trade-war.
  • Gold ETPs attracted USD14.5mn, marking the first substantial inflow in six weeks.
  • Cocoa rally sparks profit taking

Inflows into industrial metal baskets of US$9mn highlights cyclical optimism as investors appear to shrug off threats of a trade-war. Although base metal prices fell last week after the Trump Administration applied tariffs to imports of steel and aluminium in the US, many ETP investors shrugged off the event. The tariffs could tighten the supply of metal coming from China. As a serial overproducer, cutbacks from China would be welcome news and could even increase prices; China is already trying to reduce capacity in steel and aluminium and this should push the country further along in its efforts. The impact on the broader commodity complex will largely depend on the reaction from other countries. If a tit-for-tat trade war breaks out, we could see international trade decline and it could be the beginning of a downturn in economic prosperity for many countries, which could hurt cyclically exposed assets. The softening of rhetoric from the US by the end of the week could mean that other countries refrain from strong reciprocal measures, which could lower the risk of a severe escalation of a trade war.

Gold ETPs attracted USD14.5mn, marking the first substantial inflow in six weeks. Rising Treasury yields and a pause in US Dollar weakness has made gold less attractive of late. However, gold’s role as hedge to adverse events makes it attractive to investors who are worried about geopolitical events turning ugly. So while investors continued to build positions in cyclical assets (see above), they placed hedges against the threat of a trade war breaking out after the Trump Administration applied tariffs to imports of steel and aluminium in the US by increasing allocations to gold.

US$15.9mn of inflows into short USD ETPs. Last week’s flows seem to indicate that investors are betting against the temporary reprieve in US Dollar weakness. Most of the flows went into long Japanese Yen, but long Sterling and long Euro were also beneficiaries.

Cocoa rally sparks profit taking. Between August 2016 and May 2017, cocoa ETPs saw close to US$84mn of inflows, when prices fell close to 45% over that period. Investors appeared to be bargain-hunting. Now that cocoa prices are rising once again (+35% since December 2017), many investors may be thinking of taking profit. Outflows accelerated last week to US$18.9mn (the highest weekly outflow) as prices rose 6.6% last week alone. Prices are rising after the International Cocoa Organisation (ICCO) said that it expects the surplus in production this year to be lower than last year and indeed revised downward the scale of stock overhang from last year. The presence of Cocoa Swollen Shoot Virus (CSSV) in Cote d’Ivoire (the largest cocoa producer) could limit the regions’ producing capacity in future years as maintenance programmes need to be undertaken to reduce the spread of the virus. The price of cocoa is already reacting.

Important Information

General

This communication has been issued and approved for the purpose of section 21 of the Financial Services and Markets Act 2000 by ETF Securities (UK) Limited (“ETFS UK”) which is authorised and regulated by the United Kingdom Financial Conduct Authority (the “FCA”).
The information contained in this communication is for your general information only and is neither an offer for sale nor a solicitation of an offer to buy securities. This communication should not be used as the basis for any investment decision. Historical performance is not an indication of future performance and any investments may go down in value.

This document is not, and under no circumstances is to be construed as, an advertisement or any other step in furtherance of a public offering of shares or securities in the United States or any province or territory thereof. Neither this document nor any copy hereof should be taken, transmitted or distributed (directly or indirectly) into the United States.

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Goldman Sachs noterar ETF på Xetra

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Goldman Sachs noterar ETF Goldman Sachs Alpha Enhanced US Equity Active UCITS ETF förvaltas aktivt och investerar vanligtvis 70 procent av sina tillgångar i amerikanska företag. Vid val av företag använder fondförvaltningen en kvantitativ multifaktormodell utformad för att identifiera fundamentala undervärderingar, högkvalitativa affärsmodeller, marknadssentiment och trender.

Goldman Sachs Alpha Enhanced US Equity Active UCITS ETF förvaltas aktivt och investerar vanligtvis 70 procent av sina tillgångar i amerikanska företag. Vid val av företag använder fondförvaltningen en kvantitativ multifaktormodell utformad för att identifiera fundamentala undervärderingar, högkvalitativa affärsmodeller, marknadssentiment och trender.

Dessutom beaktas ESG-faktorer för att stödja övergången till en koldioxidsnål ekonomi.

NamnISIN
Kortnamn
AvgiftUtdelnings-
policy
Goldman Sachs Alpha Enhanced US Equity Active UCITS ETF – CLASS USD (Acc)IE000HYFO765
GQUS (EUR)
0,20%Ackumulerande

Produktutbudet inom Deutsche Börses ETF- och ETP-segment omfattar för närvarande totalt 2 409 ETFer, 199 ETCer och 256 ETNer. Med detta urval och en genomsnittlig månatlig handelsvolym på cirka 23 miljarder euro är Xetra den ledande handelsplatsen för ETFer och ETPer i Europa.

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From digital asset to safe haven: Why is Bitcoin acting like gold?

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Bitcoin’s price has taken a different path from U.S. stocks over the past weeks. While major indexes such as the S&P 500 and Nasdaq have experienced declines, Bitcoin has risen to its highest levels in recent months, positioning itself as a safe haven, similar to gold. Understand how Bitcoin and gold have been synced for some time and what the correlation might look like in the future.

Bitcoin’s price has taken a different path from U.S. stocks over the past weeks. While major indexes such as the S&P 500 and Nasdaq have experienced declines, Bitcoin has risen to its highest levels in recent months, positioning itself as a safe haven, similar to gold. Understand how Bitcoin and gold have been synced for some time and what the correlation might look like in the future.

Ethereum’s big reboot: Why investors should be excited

Ethereum is making headlines due to a potential change in its core software, the Ethereum Virtual Machine (EVM), that operates across thousands of computers, enabling Ethereum to execute smart contracts and securely track transactions. However, Ethereum’s co-founder, Vitalik Buterin, has suggested replacing the EVM with a new system called RISC-V. Discover why the change is necessary and its potential impact on investors.

Thousands of altcoins, but no altcoin season: What comes next?

Over the past year, the crypto market has entered a new era. Bitcoin hit new all-time highs, outperforming other cryptocurrencies and decoupling from the stock market. Unlike previous cycles, the expected “altcoin season” did not occur, with Bitcoin remaining strong and money not flowing into other cryptocurrencies or altcoins. So, the big question is: Has altcoin season run its course?

Research Newsletter

Each week the 21Shares Research team will publish our data-driven insights into the crypto asset world through this newsletter. Please direct any comments, questions, and words of feedback to research@21shares.com

Disclaimer

The information provided does not constitute a prospectus or other offering material and does not contain or constitute an offer to sell or a solicitation of any offer to buy securities in any jurisdiction. Some of the information published herein may contain forward-looking statements. Readers are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties and that actual results may differ materially from those in the forward-looking statements as a result of various factors. The information contained herein may not be considered as economic, legal, tax or other advice and users are cautioned to base investment decisions or other decisions solely on the content hereof.

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WELC ETF ger exponering mot företag inom sällanköpsvaror

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Amundi S&P Global Consumer Discretionary ESG UCITS ETF DR EUR (D) (WELC ETF) med ISIN IE00061J0RC6, strävar efter att spåra S&P Developed Ex-Korea LargeMidCap Sustainability Enhanced Consumer Discretionary index. Det S&P-utvecklade ex-Korea LargeMidCap Sustainability Enhanced Consumer Discretionary-indexet spårar stora och medelstora företag från den diskretionära konsumentsektorn. ESG-kriterier (miljö, social och bolagsstyrning) beaktas vid valet av värdepapper.

Amundi S&P Global Consumer Discretionary ESG UCITS ETF DR EUR (D) (WELC ETF) med ISIN IE00061J0RC6, strävar efter att spåra S&P Developed Ex-Korea LargeMidCap Sustainability Enhanced Consumer Discretionary index. Det S&P-utvecklade ex-Korea LargeMidCap Sustainability Enhanced Consumer Discretionary-indexet spårar stora och medelstora företag från den diskretionära konsumentsektorn. ESG-kriterier (miljö, social och bolagsstyrning) beaktas vid valet av värdepapper.

Den börshandlade fondens TER (total cost ratio) uppgår till 0,18% p.a.. Amundi S&P Global Consumer Discretionary ESG UCITS ETF DR EUR (D) är den billigaste ETF som följer S&P Developed Ex-Korea LargeMidCap Sustainability Enhanced Consumer Discretionary index. ETFen replikerar det underliggande indexets prestanda genom fullständig replikering (köper alla indexbeståndsdelar). Utdelningarna i ETFen delas ut till investerarna (Årligen).

Amundi S&P Global Consumer Discretionary ESG UCITS ETF DR EUR (D) är en mycket liten ETF med 5 miljoner euro förvaltade tillgångar. Denna ETF lanserades den 20 september 2022 och har sin hemvist i Irland.

Investeringsmål

AMUNDI S&P GLOBAL CONSUMER DISCRETIONARY ESG UCITS ETF DR – EUR (D) försöker replikera, så nära som möjligt, resultatet för S&P Developed Ex-Korea LargeMidCap Sustainability Enhanced Consumer Discretionary Index (Netto Total Return Index). Denna ETF har exponering mot stora och medelstora företag i utvecklade länder. Den innehåller uteslutningskriterier för tobak, kontroversiella vapen, civila och militära handeldvapen, termiskt kol, olja och gas (inkl. Arctic Oil & Gas), oljesand, skiffergas. Den är också utformad för att välja ut och omvikta företag för att tillsammans förbättra hållbarhet och ESG-profiler, uppfylla miljömål och minska koldioxidavtrycket.

Handla WELC ETF

Amundi S&P Global Consumer Discretionary ESG UCITS ETF DR EUR (D) (WELC ETF) är en europeisk börshandlad fond. Denna fond handlas på flera olika börser, till exempel Deutsche Boerse Xetra.

Det betyder att det går att handla andelar i denna ETF genom de flesta svenska banker och Internetmäklare, till exempel  Nordnet, SAVR, DEGIRO och Avanza.

Börsnoteringar

BörsValutaKortnamn
gettexEURWELC
XETRAUSDWEL2
XETRAEURWELC

Största innehav

Denna fond använder fysisk replikering för att spåra indexets prestanda.

NamnValutaVikt %Sektor
AMAZON.COM INCUSD18.89 %Sällanköpsvaror
TESLA INCUSD13.29 %Sällanköpsvaror
HOME DEPOT INCUSD5.75 %Sällanköpsvaror
LVMH MOET HENNESSY LOUIS VUIEUR5.44 %Sällanköpsvaror
TOYOTA MOTOR CORPJPY4.58 %Sällanköpsvaror
MCDONALD S CORP COM NPVUSD2.63 %Sällanköpsvaror
LOWE S COS INC COM US 0.50USD2.38 %Sällanköpsvaror
SONY GROUP CORP (JT)JPY2.25 %Sällanköpsvaror
BOOKING HOLDINGS INCUSD2.02 %Sällanköpsvaror
TJX COMPANIES INCUSD1.89 %Sällanköpsvaror

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