1140 days ago
2020 was a year of more passive investing, with BofA clients buying ETFs almost 90% of the time over the last 50 weeks. Big trust in exchange-traded funds or too lazy to handpick single stocks?
1141 days ago
This is an interesting chart showing the average dividend yield by country. Czech Republic, Spain and Singapore hold the top spots with 4 to 5%, while the S&P 500 gives around 2%.
1141 days ago
The US has the most small- and mid cap companies without earnings with 29%. Europe and EM are more reasonable with 14% and 4% respectively, with 11% for the UK. Note that having no earnings in the beginning is not necessarily a bad sign, but having a third of your small and mid cap without them is still an impressive share.
1141 days ago
Short interest as a percentage of shares outstanding on the $48 billion iShares iBoxx $ Investment Grade Corporate Bond ETF (ticker LQD) jumped to more than 15%, up from 5.9% at the start of the year, according to data from IHS Markit Ltd.. LQD has climbed more than 27% since its late March lows, but has tumbled roughly 3.2% year-to-date. Investors have pulled roughly $6 billion from the ETF so far in 2021, after pouring over nearly $14.9 billion into the fund in 2020, according to data compiled by Bloomberg. The hunt for yield is evidently sending bond buyers down the ratings spectrum as economic data perks up. The average yield on BB debt, the safest of junk bonds, fell to a record low of 2.98% on Tuesday, according to Bloomberg Barclays index data. And across asset classes, the outlook is bright. Source: Bloomberg
