ETF Winners And Losers: Small-Cap Returns - Cathie Wood's ARKW Up Over 5%, Energy Down
Portfolio Pulse from Johnny Rice
A screening of small-cap ETFs revealed ARK Next Generation Internet ETF (ARKW) and EMQQ Emerging Markets Internet & Ecommerce ETF (EMQQ) as winners with 5.28% and 4.76% weekly returns respectively. Losers included United States Natural Gas Fund LP (UNG) and Invesco Solar ETF (TAN) with weekly losses of 5.72% and 5.60% respectively. ARKW's largest holdings are Roku, Inc. (ROKU) and Coinbase Global, Inc. (COIN), while EMQQ's are PDD Holdings Inc. (PDD) and Alibaba Group Holding Limited. UNG and TAN track natural gas prices and the solar energy industry respectively.
August 04, 2023 | 12:02 pm
News sentiment analysis
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NEGATIVE IMPACT
TAN, which offers exposure to the solar energy industry, was down 5.60% on the week.
TAN's negative performance is likely to have a negative impact on the solar energy industry.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100
NEGATIVE IMPACT
UNG, which tracks the movement of the price of natural gas, was down 5.72% on the week.
UNG's negative performance is likely to have a negative impact on the price of natural gas.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100
POSITIVE IMPACT
ARKW, with largest holdings in ROKU and COIN, is up 5.28% over the week.
ARKW's positive performance is likely to have a positive impact on its largest holdings, ROKU and COIN.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100
POSITIVE IMPACT
EMQQ, with largest holdings in PDD and Alibaba, was up 4.76% on the week.
EMQQ's positive performance is likely to have a positive impact on its largest holdings, PDD and Alibaba.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100