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☆ CHART OF THE DAY: Investors keep buying bond funds amid one of the worst crashes in market history
▼ + stars: | 2023-10-11 | by ( Matthew Fox | ) www.businessinsider.com time to read: +2 min

The bond market is experiencing one of its worst declines on record after interest rates surged. AdvertisementAdvertisementOur Chart of the Day is from Bank of America, which highlights the painful decline experienced in the bond market over the past few years. The iShares 20+ Year Treasury Bond ETF has plunged as much as 47% from its 2020 peak, making the collapse worse than the 1981 bond bear market and on par with some of the worst market crashes in history. AdvertisementAdvertisementBut despite the pain, investors are pouring billions of dollars into bond funds, with high bond yields luring in a fresh wave of buyers. For the rout in the bond market to end — and for all of these bond fund buyers to make money — interest rates need to fall.

Persons: — Organizations: Treasury ETF, Service, Bank of America, Treasury, Federal Reserve, America

☆ The Treasury market this week saw its biggest single-day rally since the collapse of Silicon Valley Bank
▼ + stars: | 2023-10-11 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +3 min

That's the steepest one-day decline the 10-year Treasury yield has seen since the implosion of SVB in early March, when banking turmoil led investors to flock to US debt in search of safety. The 10-year Treasury yield continued to slide early Wednesday, trading around 4.577%. AdvertisementAdvertisementInvestors were pushed to sell US Treasuries last week amid rising fears over the US debt balance and higher-for-longer interest rates. The 10-year Treasury yield briefly touched a 16-year-high, capping one of the worst selloffs in market history. Meanwhile, several Fed officials delivered dovish comments on the outlook for interest rates this week, which perked up market sentiment.

Persons: SVB, —, Raphael Bostic Organizations: Treasury, Investors, Service, Silicon Valley Bank, Federal Reserve, Hamas, Atlanta Fed Locations: Silicon, Israel, Friday's

☆ Why defense stocks may keep moving higher following initial gains on the Israel-Hamas war
▼ + stars: | 2023-10-10 | by ( Sarah Min | ) www.cnbc.com time to read: +3 min

Wall Street analysts expect defense stocks will continue to move higher as a result of the outbreak of the Israel-Hamas war making it less likely Congress will delay or curb the nation's defense budget. Defense stocks have underperformed as a group this year amid concerns that partisan divisions in Washington point to lower military spending. Notably, Bernstein analyst Douglas Harned doesn't expect the Israel-Hamas conflict will change the path of U.S. defense spending. He cited prior conflicts, such as Russia's invasion of Ukraine last year, that didn't end up boosting the defense budget. LMT 5D mountain Lockheed Martin Regardless, Wall Street broadly anticipates defense stocks could continue rising from current levels.

Persons: Scott Deuschle, Deuschle, Jason Gursky, Bernstein, Douglas Harned doesn't, Harned, Martin, Northrop, Morgan Stanley, Lockheed Martin Organizations: Defense, U.S . Aerospace & Defense ETF, ITA, Wall Street, Defense Department, Pentagon, Deutsche, Citi, Deutsche Bank, Northrop Grumman, Lockheed, Israeli Defense Forces, L3Harris, Army Locations: Israel, Washington, U.S, Gaza, Ukraine, Congress, China, Russia, North Korea

Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., September 28, 2023. But late in the afternoon, a senior Hamas official said the group is open to discussions over a possible truce with Israel. A recent surge in U.S. Treasury yields had pressured equities. Shares of the airlines, also hurt by rising oil prices, putting pressure on the S&P 500 Passenger Airlines index (.SPLRCALI). Exchange-traded funds exposed to Israel were selling off, with iShares MSCI Israel ETF falling along with the ARK Israel Innovative Technology ETF .

Persons: Brendan McDermid, Joe Biden, John Augustine, Augustine, Big advancers, iShares, Sinéad Carew, Shashwat Chauhan, Ankika Biswas, Arun Koyyur, Shounak Dasgupta, Richard Chang Organizations: New York Stock Exchange, REUTERS, Hamas, U.S, Federal, Huntington National Bank, Columbus, Peoples, Treasury, Fund, Nasdaq, Dow Jones, United Airlines, Delta Air Lines, American Airlines, Airlines, Defense, Aerospace, Northrop Grumman, L3Harris Technologies, Exchange, ARK Israel Innovative Technology ETF, Thomson Locations: New York City, U.S, Israel, Palestinian, Gaza, Columbus , Ohio, Tel Aviv, New York, Bengaluru

Energy (.SPNY) was the top S&P 500 sector gainer, jumping 3.6% and on track for its best single-day performance in six months. The airlines' shares were down around 5% each, dragging the S&P 500 Passenger Airlines index (.SPLRCALI) down 4.5% to its lowest in a year. The broader S&P 500 Aerospace & Defense index (.SPLRCAERO) jumped 4.9%. Exchange-traded funds exposed to Israel including iShares MSCI Israel ETF and the ARK Israel Innovative Technology ETF slid 7.8% and 4.6%, respectively. The S&P index recorded four new 52-week highs and 18 new lows, while the Nasdaq recorded 24 new highs and 236 new lows.

Persons: Brendan McDermid, Tesla, Israel, Lloyd Austin, It's, Peter Andersen, Northrop, Lockheed Martin, iShares, decliners, advancers, Shashwat Chauhan, Ankika Biswas, Arun Koyyur, Shounak Organizations: New York Stock Exchange, REUTERS, Nvidia, Big Tech, U.S, Israel, Dow, Nasdaq, Hamas, U.S . Defense, Dow Jones, Treasury, Columbus Day, Apple, Microsoft, U.S ., Andersen Capital Management, Boston . Energy, United Airlines, Delta Air Lines, American Airlines, Airlines, Defense, Northrop Grumman, General Dynamics, Lockheed, Aerospace, . Exchange, ARK Israel Innovative Technology, Federal, NYSE, Thomson Locations: New York City, U.S, China, Israel, Palestinian, Lebanon, Gaza, United States, Boston, Tel Aviv, Bengaluru

☆ Bank of America's top 5 stocks for safety and security in a dangerous world
▼ + stars: | 2023-10-09 | by ( Brian Evans | ) www.cnbc.com time to read: +4 min

Security is becoming increasingly crucial around the world, and Bank of America thinks investor portfolios can benefit from owning certain names. The bank on Monday released its "Future Security" primer, examining stocks through a lens of safety. Information security company CyberArk Software also made the list. CYBR YTD mountain CyberArk YTD "CyberArk is the clear leader within the PAM [privileged access market] market, with a robust technological moat," Liani said. TRU YTD mountain TransUnion YTD.

Persons: Felix Tran, Benjamin Netanyahu, CrowdStrike, Tal Liani, Matt Cohen, CyberArk, Liani, BofA, Heather Balsky, Tomer Zilberman, Andrew Obin, Obin, Michael Bloom Organizations: Bank of America, Israeli, Defense, U.S . Aerospace & Defense ETF, CyberArk Software, Motorola Solutions, Motorola, North, APG Locations: Israel, U.S

Oct 9 (Reuters) - Shares in U.S. and European-listed companies with business exposure to Israel fell on Monday on worries that an escalation in conflict with Palestinian Islamist group Hamas would impact their operations. Wall Street opened lower, while European stocks dipped as surging oil prices fanned inflation worries and investors fled to the safety of government bonds and the dollar. U.S. shares of Israeli chipmaker Tower Semiconductor fell 5.2%, while Intel (INTC.O) dipped 1.1% and Nvidia (NVDA.O) 2.1%, dragging the chip sector lower. U.S.-listed shares of Israel's Teva Pharmaceutical (TEVA.TA), the world's largest generic drugmaker, fell 3.3%, while those in fertilizer group ICL Group (ICL.TA) dipped 1.4%. U.S. exchange-traded funds exposed to Israel such as the iShares MSCI Israel ETF and the ARK Israel Innovative Technology ETF fell 6.6% and 4.4%, respectively.

Persons: Benjamin Netanyahu, Raffi Boyadjian, Energean, Adani Ports, Danilo Masoni, Sruthi Shankar, Amanda Cooper, Deborah Kyvrikosaios, Arun Koyyur Organizations: Palestinian, Semiconductor, Intel, Nvidia, Energy, Tel Aviv ., U.S, Cruise Line Holdings, Royal Caribbean Group, XM, Israel's, ICL, ARK Israel Innovative Technology, Adani, Thomson Locations: Israel, Tel Aviv, Saudi Arabia, Gaza, London, India, Adani, Haifa Port, Northern Israel

A general view of GE Renewable Energy wind turbines, part of Pattern Energy’s Western Spirit Wind project, the largest wind project in the U.S., near Encino, New Mexico, U.S., March 15, 2023. Renewable energy funds globally suffered a net outflow of $1.4 billion in the July-September quarter, the biggest ever quarterly outflow, according to LSEG Lipper data. Reuters GraphicsInvestors have been exiting traditional energy funds, too, but the rate has slowed - net outflows reached $438 million in the last quarter compared with $3.32 billion in the previous three months. Reuters GraphicsDemand for exposure to renewable energy had been a major driver of cash flowing into climate-related funds in recent years. Wind projects off Britain, the Netherlands and Norway have been delayed or shelved due to rising costs and supply chain constraints, raising concerns about countries hitting their 2030 renewable energy targets.

Persons: Bing Guan, Denmark's, Madeline Ruid, Ruid, Morningstar, they're, Rich Pontillo, Patturaja, Tommy Reggiori Wilkes, Simon Jessop, Tomasz Janowski Organizations: GE Renewable Energy, REUTERS, Investors, Reuters Graphics, Companies, U.S . Infrastructure, Clean Energy Exchange, Energy, Reuters, Nasdaq, Intelligence, Thomson Locations: U.S, Encino , New Mexico, BENGALURU, LONDON, Britain, Netherlands, Norway, Bengaluru, London

☆ Pentagon pushing U.S. defense industry to bolster Israel in fight against Hamas
▼ + stars: | 2023-10-09 | by ( Amanda Macias | ) www.cnbc.com time to read: +3 min

"I am not going to get into specifics on this call, but the bottom line is we are working as fast as possible to provide critically needed munitions of various types and other equipment," a senior Defense official said. The Pentagon declined to share specific details of the types of security assistance the U.S. was providing to Israel. Secretary of Defense Lloyd Austin on Sunday ordered the movement of U.S. firepower closer to the region in order to project force and bolster Israeli security assistance. Saturday's unprecedented land, air and sea attack on Israel has since triggered a fury of Israeli retaliatory airstrikes. Israeli Prime Minister Benjamin Netanyahu called Hamas' attack on Israel "a terrible mistake" and in a televised speech warned the retaliatory strikes were "just the beginning."

Persons: WASHINGTON, Israel, Defense Lloyd Austin, Gerald Ford, Arleigh Burke, Thomas Hudner, Ramage, USS Carney, Roosevelt, Austin, Benjamin Netanyahu, Netanyahu, Joe Biden, Biden Organizations: Pentagon, U.S, Defense, U.S . Aerospace & Defense, Northrop Grumman, Sunday, Gerald Ford Carrier Strike, Ticonderoga, Air Force, United, Dow Jones, Energy, Exxon Mobil, Occidental Petroleum Locations: U.S, Israel, Normandy, Gaza, United States

☆ Forget the U.S: Pros say another top market looks cheap and offers the 'best' opportunities
▼ + stars: | 2023-10-09 | by ( Amala Balakrishner | ) www.cnbc.com time to read: +4 min

Attractive returns and the breadth of opportunities are among the many reasons the U.S. has long reigned supreme for investors. In terms of countries, Japan looks to offer the best combination of earnings growth, cheap valuations and policy support," Tom Stevenson, investment director at Fidelity International, told CNBC Pro. "Japanese shares are trading on around 15 times this year's expected earnings and 14 times earnings two years out," he said. "There has been some increase in this multiple during the recent rally in Japanese shares, but they remain relatively cheap compared to the U.S. which trades on around 20 times earnings." Among his choices is the Baillie Gifford Japanese Fund, which he describes as a "growth-focused fund run by an experienced manager."

Persons: Tom Stevenson, Daniel Hurley, Rowe Price, Stevenson, TRP's Hurley, Fidelity's Stevenson, Hurley, Baillie Gifford Organizations: Fidelity International, CNBC, CNBC Pro, Japan, Tokyo Exchange Group, Stock, Japan's, Bank of Japan, Sony, Astella Pharmaceuticals, Fund, Schroder Japan Trust, SoftBank, SBI Holdings, Hitachi, Nippon Gas, Toyota, Japan IMI Locations: Japan, U.S

☆ Here's how BlackRock's Rick Rieder is navigating the bond market sell-off in his outperforming ETF
▼ + stars: | 2023-10-08 | by ( Jesse Pound | In Jesse-Pound | ) www.cnbc.com time to read: +3 min

BlackRock global fixed income CIO Rick Rieder said Friday that this year's bond market volatility has created opportunities to buy high quality yields on the cheap. The result is his new fund outperforming some of the biggest bond ETFs during the most recent sell-off. Aggregate Bond ETF (AGG) and 2.2% for the Vanguard Total Bond Market ETF (BND) , the two biggest bond ETFs. BINC 1M mountain BlackRock's BINC has held up better than major bond ETFs over the past month. "I think what people underestimate is the long end of the bond market, the 30-year Treasury, is about the same volatility as the stock market," he said.

Persons: Rick Rieder, Rieder, We've Organizations: BlackRock, Rieder, Aggregate Bond, Vanguard, Bond Market, CNBC, Treasury, Corporate Bond Fund, Fed, AAA, Mortgage, SEC Locations: BlackRock, Mexico, Brazil, Japan, iShares, United States, U.S

☆ These leveraged short funds are soaring as stocks and bonds sell off. Here's how they work
▼ + stars: | 2023-10-07 | by ( Jesse Pound | In Jesse-Pound | ) www.cnbc.com time to read: +3 min

The list of top-performing exchange-traded funds since Sept. 19 — the day before the Federal Reserve released new projections that showed fewer rate cuts in 2024 — is dominated by leveraged and leveraged inverse products. The performance and increased interest shows that the inverse funds are doing their jobs, but there are important caveats for investors to know. The universe of inverse and leveraged inverse funds has grown widely, including sector-specific funds and even some single-stock products. Of course, the leveraged inverse funds can suffer massive losses if the market rebounds. Ullal also pointed out that some inverse products are technically exchange traded notes, not ETFs, which can introduce some credit risk in a trade.

Persons: Mohit Bajaj, Direxion's TMV, Bajaj, Aniket Ullal, Ullal Organizations: Federal Reserve, Bloomberg, Oil ETF, SCO, Nasdaq, Treasury, Treasury Bond ETF, U.S . Securities, Exchange, Bajaj, CFRA Research

☆ Retail investors are buying the dip in force on two of the worst-performing investments right now
▼ + stars: | 2023-10-06 | by ( Jesse Pound | In Jesse-Pound | ) www.cnbc.com time to read: +2 min

"Retail investors are seizing opportunities from the rise in long-term government yields, albeit selectively. ... Retail purchases of TLT have reached unprecedented levels this past week. The takeaway is that retail traders have actually sought to buy this historic dip in one of the more popular Treasury ETFs," the note said. TLT 1M mountain The price of long-term bonds has fallen sharply over the past month, as shown by the TLT. If the move in rates calms, larger investors could come back to utilities as well, Vanda said.

Persons: Marco Iachini, Vanda Organizations: Vanda Research, Treasury Bond ETF, Retail, TLT, Utilities

☆ These 4 charts show how the bond meltdown stacks up against some of the worst-ever stock-market crashes
▼ + stars: | 2023-10-06 | by ( George Glover | ) www.businessinsider.com time to read: +2 min

Longer-duration Treasury prices have plunged in recent weeks, driving benchmark 10-year yields toward 5%. These charts show how the meltdown compares to previous market crashes, including the 2008 financial crisis. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementAdvertisementUS bond prices have plummeted in recent weeks, turning what had already been a bad stretch into one of the market's worst-ever routs.

Persons: —, iShares, Lehman Brothers Organizations: Service, Federal Reserve, Bloomberg –, Treasury ETF

☆ Bonds are selling off as stocks tumble. Here’s what it means for 60/40 portfolios
▼ + stars: | 2023-10-05 | by ( Darla Mercado | Cfp | ) www.cnbc.com time to read: +5 min

The 60/40 portfolio wasn't spared, either: The iShares Core Growth Allocation ETF (AOR) , which has a 60/40 split, is facing declines from both asset classes. AOR YTD line AOR's performance year to date The slump harkened back to 2022, when equities fell alongside bonds. "We don't see rates going back to the pre-Covid levels," he said. "[I]nvestors still hate bonds at these levels — rates we would've dreamed of two years ago," said duQuesnay. Vanguard's Aliaga-Diaz noted that the 60/40 portfolio will average 6% on a 10-year forward-looking basis, so there are bound to be tumultuous times and periods of strong performance.

Persons: —, wasn't, They're, Blair duQuesnay, Roger Aliaga, Diaz, Aliaga, duQuesnay, DuQuesnay, Joe Kalish, Ned Davis Organizations: Treasury, Dow Jones, Ritholtz Wealth Management, Vanguard, Fed, Ned Davis Research

☆ Premarket stocks: Bond investors are getting stung again this year. Here's why
▼ + stars: | 2023-10-05 | by ( Krystal Hur | ) edition.cnn.com time to read: +7 min

The surprisingly strong economy has led investors to worry that the Fed will keep rates higher for longer, which, in turn, drove US Treasury yields higher. As stocks have declined and bond yields have soared, bond prices have tanked, causing pain for investors who bet that the Fed would curtail its rate-hiking campaign earlier this year. Treasury yields rose to their highest level in over a decade earlier this week, before edging lower on a cooldown in employment data on Wednesday. Bond prices cratered in 2022 after the Fed began drastically raising near-zero rates to tame runaway inflation. US Treasury bond prices jumped earlier this year after the collapse of several regional lenders led traders to bet that the Fed would soon ease its aggressive pace of interest rate hikes.

Persons: ”, Noah Wise, Matt Miskin, FactSet, Miskin, Wise, doesn’t, you’re, ” Wise, Sam Bankman, Nathan Rehn, Allison Morrow, “, ” Rehn, Read, Samantha Murphy Kelly Organizations: CNN Business, Bell, CNN, Treasury, Dow Jones, Nasdaq, Allspring Global Investments, John Hancock Investment Management, Fed, US Treasury, Google Locations: Manhattan, Bahamas, New York City

☆ This bearish fund manager thinks the U.S. is headed for a debt crisis. Here's what he's buying
▼ + stars: | 2023-10-05 | by ( Ganesh Rao | ) www.cnbc.com time to read: +5 min

The U.S. is headed for a major debt crisis due to its fiscal deficit being at the "worst structural point since World War II," according to value investor Matthew McLennan. Over the past two decades, the federal government had its smallest budget deficit of $0.16 trillion in 2007, just before the global financial crisis. The hedge Given his bearish view, McLennan prefers gold as an investment hedge. Stocks Beyond gold, McLennan said he sees value in stocks like Meta and Oracle , two of the top equity holdings in the Global Fund. McLennan said his fund has owned Oracle since it launched an AI-powered database five years ago.

Persons: Matthew McLennan . McLennan, McLennan, hasn't, it's, you've, Meta, OpenAI Organizations: Global Fund, Security, Treasury, Meta, Oracle, Nvidia, Microsoft Locations: U.S, United States

☆ The one thing in markets everyone should be watching
▼ + stars: | 2023-10-04 | by ( Matthew Fox | ) www.businessinsider.com time to read: +6 min

The 10-Year US Treasury yield is arguably the most important thing to watch right now for investors. The 10-Year yield has soared to levels not seen since 2007, and that's having a big impact on stock prices. Here's what you need to know about what bond yields are doing to markets and the economy. Rising bond yields are also thrashing the bond market, as bond prices fall when yields rise. AdvertisementAdvertisementHigher interest rates also means higher credit card rates, leading to a rise in delinquencies in recent months.

Persons: —, It's, Ray Dalio, Bill Ackman, Bill Gross, JPMorgan's Marko Kolanovic, Kolanovic Organizations: Treasury, Service, Treasury Bond ETF, Fed, Pershing, CNBC Locations: delinquencies

☆ Bank of America says this asset management giant is 'best-positioned' to capitalize on rising Treasury yields
▼ + stars: | 2023-10-04 | by ( Brian Evans | ) www.cnbc.com time to read: +1 min

BlackRock stock has slumped nearly 12% in 2023. BLK YTD mountain BlackRock stock. Treasury yields have soared in recent days , with the 10-year climbing to its highest level in 16 years, rattling equity markets. The yields on 30-year Treasury bonds, meanwhile, briefly traded above 5% on Wednesday. BlackRock is the biggest asset manager in the world, with more than $9.4 trillion through the end of the second quarter.

Persons: Craig, Siegenthaler, BofA, — CNBC's Michael Bloom Organizations: Bank of America, BlackRock, Treasury, Wednesday Locations: BlackRock, 4Q23

☆ Rising interest rates are hurting very broad swaths of the stock and bond markets
▼ + stars: | 2023-10-03 | by ( Bob Pisani | ) www.cnbc.com time to read: +3 min

Dozens of stocks and ETFs are hitting 52-week lows on the relentless rise in interest rates. Treasury bond ETFs: New lows iShares 1-3 Year Treasury Bond ETF (SHY) iShares 7-10 Year Treasury Bond ETF (IEF) iShares 10-20 Year Treasury Bond ETF (TLH) iShares 20+ Year Treasury Bond ETF (TLT) It's not just Treasury bonds. Broad bond ETFs: New lows Vanguard Total Bond Market ETF (BND) iShares Core US Aggregate Bond Fund (AGG) Higher rates are affecting other areas of the U.S. economy: look at clean energy and biotech It's simple. Clean energy ETFs: New lows iShares Global Clean Energy (ICLN) VanEck Low Carbon Energy ETF (SMOG) Invesco WilderHill Clean Energy ETF (PBW) Invesco Solar ETF (TAN) It's the same story with biotech. The SPDR S & P Biotech ETF (XBI) , which tracks an equal-weighted index of US biotechnology stocks, is at a 52-week low.

Persons: Schwab, It's Organizations: Vanguard Utilities, Treasury Bond ETF, Bond Market, Bond Fund, NextEra Energy Partners, Clean Energy, Carbon Energy, P Biotech, Biotechnology, Biotech, Verizon, SPDR Telecom, AT, Property, Comerica, Huntington Bancshares Locations: U.S, Orsted, Denmark, REITs

☆ BlackRock bond chief Rick Rieder manages $2.4 trillion. He shares 5 trades he's most bullish on right now — and 3 criteria that need to be met for him to start buying 10-year Treasurys.
▼ + stars: | 2023-10-02 | by ( William Edwards | ) www.businessinsider.com time to read: +3 min

Exchange-traded funds like the Vanguard Short-Term Treasury ETF (VGSH) and the SPDR Portfolio Short Term Treasury ETF (SPTS) also offer exposure. One way to gain exposure to the assets is through funds like the Schwab 5-10 Year Corporate Bond ETF (SCHI) or the iShares Euro Investment Grade Corporate Bond Index Fund (IE). Finally, Rieder said he likes corporate paper, which are essentially short-term bonds issued by corporations. I know what my return is going to be a year ahead — it's going to be 6.5% for single-A issuers. The BlackRock Ultra Short-Term Bond ETF (ICSH) and the Vanguard Short-Term Corporate Bond Index Fund (VCSH) offer exposure to corporate paper.

Persons: Rick Rieder isn't, Rieder, — it's Organizations: CNBC's, Alpha, Bureau of Labor Statistics, of Labor, Exchange, Treasury, Corporate, Index, BlackRock, Bond Locations: BlackRock, New York, Europe, United States

☆ Oil prices and the dollar surged in the third quarter. These ETFs can help you reset your portfolio
▼ + stars: | 2023-09-30 | by ( Jesse Pound | In Jesse-Pound | ) www.cnbc.com time to read: +7 min

.DXY 1Y mountain The dollar index hit new highs for 2023 in September. "Energy equities haven't really kept up with the energy market rally," she added. The latest iShares outlook highlighted the firm's U.S. Energy ETF (IYE) as a way to play higher oil prices. Other major funds in that category include the Energy Select Sector SPDR Fund (XLE) , the Vanguard Energy Index ETF (VDE) and the Fidelity MSCI Energy Index ETF (FENY) . Investors can outsource currency market decisions in the form of managed futures ETFs, which have exposure to currency markets in addition to other asset classes.

Persons: Gargi Chaudhuri, Morgan Stanley, Sasikanth Chilukuru, It's, Chaudhuri, Todd Sohn, Sohn, Andrew Beer, Beer, You've, Anastasia Amoroso, There's, Amoroso Organizations: Texas, BlackRock, iShares, Energy, U.S . Energy, Vanguard Energy, Fidelity MSCI Energy, Wall, U.S ., Invesco DB, Fund, WisdomTree Bloomberg, Investors, Global, Apple, Nvidia Locations: U.S, Saudi Arabia, DBi, Japan

☆ Retail investors flock to bond ETFs in third quarter as prices slide
▼ + stars: | 2023-09-29 | by ( Bansari Mayur Kamdar | ) www.reuters.com time to read: +2 min

REUTERS/Cagla GurdoganDaily retail investor flows into the benchmark iShares 20+ Year Treasury Bond ETF touched their highest level last week since March 2020, according to data from Vanda Research. The fund saw net retail inflows rise to $1.2 billion so far this quarter, Vanda’s data showed, even as prices slid to their lowest level since 2010 amid a sharp rise in yields. The ETF saw retail net inflows of nearly $746 million in the second quarter. The iShares 20+ Year Treasury Bond ETF is down 13.3% in the third quarter and has fallen 10.4% year-to-date. Overall, the ETF saw nearly $3.9 billion in net inflows so far this quarter, according to Lipper data, slowing from nearly $6 billion last quarter but still on track to post its ninth straight quarter of inflows.

Persons: ”, Noel Archard, Ihor Dusaniwsky, Dusaniwsky Organizations: Reuters, Federal, REUTERS, Treasury, Vanda Research, Partners Locations: Ankara, Turkey

☆ Top money managers are warning of pain ahead for the US economy. Here are 6 areas where they're investing right now to prepare.
▼ + stars: | 2023-09-29 | by ( William Edwards | ) www.businessinsider.com time to read: +4 min

"There is a subset that simply cannot do that," she said of paying down credit card debt going forward as rates rise. "In those tails and subsets I think you're going to have really unusual delinquencies, and just horrible recovery rates." You're going to see defaults increase." Delaney also emphasized being defensive, and said he likes corporate bonds, but those with floating rates, meaning they move with the market rate. The iShares 10-20 Year Treasury Bond ETF (TLH) is one way to gain exposure to long-term government bonds.

Persons: Dawn Fitzpatrick, Katie Koch, haven't, it's, Mark Delaney, Suni Harford, I'd, Brad Gerstner, Jerome Powell, Volcker, Koch, —, We're, Rick Rieder, he's, Delaney, Fitzpatrick Organizations: CNBC's, Alpha, Federal Reserve, Soros Fund Management, TCW, UBS, Management, BlackRock, JPMorgan, Corporate, Treasury Bond ETF, Vanguard Energy, DB Oil Fund Locations: Europe, Saudi Arabia

☆ Wall Street is betting on an active management comeback with new ETF launches
▼ + stars: | 2023-09-28 | by ( Jesse Pound | In Jesse-Pound | ) www.cnbc.com time to read: +5 min

There were 68 active fund launches in the third quarter as of Sept. 22, compared to 49 indexed fund launches, according to CFRA. Passive funds still make up the majority of the ETF market, and they typically cost less than active products. JEPI, the biggest active ETF, has underperformed the S & P 500 this year but is still attracting new cash. "One of the problems with straightforward active funds, and we do run some straightforward active funds, is that very often ... you are tethered to that broad index, whatever happens to be in that. Abbott's firm launched five new active funds last week, including the Matthews Japan Active ETF (JPAN) .

Persons: Rachel Aguirre, Euan Munro, BNY Mellon, Cooper Abbott, Stephanie Pierce, Dreyfus, Jeremy Grantham's, Abbott Organizations: BlackRock, CNBC, JPMorgan —, Nasdaq, Newton Asset Management, BNY, Matthews Asia, Matthews Japan Active, SEC, Mellon & Exchange, BNY Mellon Investment Management Locations: BALI, BlackRock

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