Exchange traded funds (ETFs) tracking the energy sector were hit on Friday, after news emerged that the Organisation of Petroleum Exporting Countries (OPEC) and Russia are in discussions about increasing oil production once again in response to soaring prices.
North American stocks tracked by ETFs around the world may have gained inflows since the market dip earlier this year despite a chaotic White House and uncertain market policy, but returns remain lacklustre.
US-based financial stocks are seeing an uptick in both inflows and returns as experts reckon financial-focused ETFs are a good bet in the short term.
Retail-focused ETFs have gained millions of assets thanks to the holiday season and Black Friday sales. Now could be a good time to invest in the sector as Goldman Sachs anticipates at least a third of annual retail sales take place in the final three months of the year.
Investors have piled more than $1.3 billion into ETFs tracking French companies since March, hoping for the country’s newest and youngest President to cut taxes.
Low volatility ETFs are gaining renewed attention from investors this summer despite good performance from non-defensive sectors.