Gold Up Over 3% On The Week, Raising These Gold Funds, Consumer Discretionary Falls As Tesla Drops - ETF Winners And Losers: Large-Cap Returns
Portfolio Pulse from Johnny Rice
Large-cap ETFs have seen significant changes in net assets over the past week. Winners include VanEck Gold Miners ETF (GDX) and SPDR Gold Shares (GLD), both of which have seen increases due to the rise in gold prices. Losers include Consumer Discretionary Select Sector SPDR Fund (XLY) and iShares 20+ Year Treasury Bond ETF (TLT), both of which have seen decreases.
October 24, 2023 | 10:26 am
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NEGATIVE IMPACT
TLT was down 3.83% over the trailing week.
TLT, which offers exposure to long-dated US treasuries, has seen a decrease in value over the past week.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
XLY was down 4.50% over the trailing week.
XLY, which offers exposure to a major facet of the US economy, has seen a decrease in value over the past week.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
GDX was up 6.38% on the week due to the rise in gold prices.
The rise in gold prices has led to an increase in the value of GDX, which provides exposure to the largest gold mining companies in the world.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
GLD was up 5.67% over the trailing week due to the rise in gold prices.
The rise in gold prices has led to an increase in the value of GLD, which provides exposure to gold.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100