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Investing Research Articles

3240 Research Articles

How Are Renewable Energy ETFs Doing?

How do exchange-traded-funds (ETF) focused on supplying renewable energy perform? To investigate, we consider nine of the largest renewable energy ETFs, all currently available, as follows: iShares Global Clean Energy (ICLN) Invesco Solar (TAN) First Trust NASDAQ Clean Edge Green Energy Index (QCLN) Invesco WilderHill Clean Energy (PBW) ALPS Clean Energy (ACES) Invesco Global Clean… Keep Reading

Weekly Summary of Research Findings: 10/17/22 – 10/21/22

Below is a weekly summary of our research findings for 10/17/22 through 10/21/22. These summaries give you a quick snapshot of our content the past week so that you can quickly decide what’s relevant to your investing needs. Subscribers: To receive these weekly digests via email, click here to sign up for our mailing list.

Live Test of the Stock Market Overnight Move Effect

Is the stock market overnight move effect exploitable? To investigate, we look at performances of two recently launched exchange-traded funds (ETF) designed to exploit the effect: NightShares 500 ETF (NSPY), which “seeks to return the night performance of a portfolio of 500 large cap U.S. companies.” The benchmark is SPDR S&P 500 ETF Trust (SPY)…. Keep Reading

Asset Class Reactions to Monthly Inflation Data

How do individual asset classes react to monthly inflation indications? To investigate, we relate future monthly returns for the following asset class exchange-traded fund (ETF) proxies to monthly changes in the U.S. Consumer Price Index (CPI): SPDR S&P 500 (SPY) iShares Russell 2000 Index (IWM) iShares MSCI EAFE Index (EFA) iShares MSCI Emerging Markets Index… Keep Reading

Do ETFs Following Gurus/Insiders Work?

Do exchange-traded funds (ETF) that attempt to mimic holdings of hedge fund gurus and/or firm insiders offer attractive performance? To investigate, we consider seven ETFs, four live and three dead, in order of introduction: Invesco Insider Sentiment (NFO) – focuses on stocks attracting interest of insiders such as company executives, fund managers and sell side… Keep Reading

SACEMS with Three Copies of Cash

Subscribers have questioned selecting assets with negative past returns within the “Simple Asset Class ETF Momentum Strategy” (SACEMS). Inclusion of Cash as one of the assets in the SACEMS universe of exchange-traded funds (ETF) prevents the SACEMS Top 1 portfolio from holding an asset with negative past returns. To test full dual momentum versions of… Keep Reading

Do High-dividend Stock ETFs Beat the Market?

A subscriber asked about current evidence that high-dividend stocks outperform the market. To investigate, we compare performances of 10  exchange-traded funds (ETFs) holding high-dividend stocks to that of SPDR S&P 500 (SPY) as a proxy for the U.S. stock market. The  high-dividend stock ETFs, from oldest to newest, are: iShares Select Dividend ETF (DVY) Invesco Dividend… Keep Reading

Weekly Summary of Research Findings: 10/10/22 – 10/14/22

Below is a weekly summary of our research findings for 10/10/22 through 10/14/22. These summaries give you a quick snapshot of our content the past week so that you can quickly decide what’s relevant to your investing needs. Subscribers: To receive these weekly digests via email, click here to sign up for our mailing list.

Stock Market and the National Election Cycle

Some stock market experts cite the year (1, 2, 3 or 4) of the U.S. presidential term cycle as a useful indicator of U.S. stock market returns. Game theory suggests that presidents deliver bad news immediately after being elected and do everything in their power to create good news just before ensuing biennial elections. Are… Keep Reading

Equity Factors Come and Go with Economic Regimes?

Are many accepted equity factors/return anomalies artifacts of the secular decline in interest rates during their discovery sample periods? In their September 2022 paper entitled “The Factor Multiverse: The Role of Interest Rates in Factor Discovery”, Jules van Binsbergen, Liang Ma and Michael Schwert study the role of the secular decline in interest rates since… Keep Reading