ETF Report
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Investing in AI? Look at actively managed ETFs, strategist says
All eyes will be on Nvidia next week when the chip giant reports its second quarter results after the market close on August 28.? J.P. Morgan Asset Management Chief ETF strategist Jon Maier joins Wealth! to give insight into the best ways to play the semiconductor space with ETFs. Maier begins by reminding how early on AI still is: "We're in the beginning stages of generative AI and a broad-based ETF that has exposure to a swath of names, I think is certainly a way to go to diversify your exposure." Maier believes that since AI has so many components, such as the need for power, the broad-based approach could be found in with "an active management approach is really the way to go. So if you look in the growth area, you look at an active manager, they are going to have exposure to semiconductor names and the ecosystem surrounding it and all the companies that provide data for generative AI." For more expert insight and the latest market action, click here to watch this full episode of Wealth! This post was written by Nicholas Jacobino
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Buy into gold ETFs before rate cuts start: Strategist
The price of gold (GC=F) recently reached a peak of $2,500 per ounce, with global gold ETF assets under management also hitting a new month-end record of $264 billion for July, according to the World Gold Council. Some strategists envision gold prices even climbing above $3,000 per ounce. With the advent of likely interest rate cuts by the Federal Reserve in September, is now the time to invest in gold and gold exchange-traded funds? abrdn Director of ETF Investment Strategy Robert Minter joins Wealth! to give insight into the rising price of gold, the inflows of gold ETFs, and how it will play out with rate cuts. abrdn manages its Physical Gold Shares ETF (SGOL). "It's the ETF investors that love a rate cut because gold doesn't have an interest rate... And so we did look at the last three times we were at this point in a rate cut cycle... the results were pretty outstanding," Minter tells Yahoo Finance. "So those time periods were 2000, 2006, and 2018, and gold prices went on to rise 57%, 113%, and 69% in those three time periods, respectively. And silver (SI=F) actually did even better at 65%, 318%, and 101%." For more expert insight and the latest market action, click here to watch this full episode of Wealth! This post was written by Nicholas Jacobino
BusinessYahoo FinanceStrategist: Why Meta looks like the 'Magnificent 7' standout right now
If you are hunting for new tech bargains, kick the tires on Meta, says one veteran strategist.