ETF Report
- BusinessYahoo Finance Video
How investors can get in on the China stock rally with ETFs
China stocks (^HSI) have extended their rally after the People's Bank of China unveiled new stimulus measures in an effort to recover its struggling economy. Todd Rosenbluth, TMX VettaFi Head of Research, joins Wealth! to discuss how you can play the China trade without cashing in on specific names. "For much of the year, China has underperformed the broader emerging markets. And so investors actually have been gravitating towards these ex-china ETFs... but this China stimulus that we're talking about could be the necessary boost to get more investors focusing on China," Rosenbluth tells Yahoo Finance. He points to ETFs like GXC (GXC) as a broad market exposure ETF, and highlights China A-Shares (ASHR) as an opportunity to get broader exposure to the Chinese stock market. In addition, he notes that KWEB (KWEB) is a great way for investors to get exposed to some well-known names and faster-growing companies in China. Watch the video above to hear some of Rosenbluth's ETF plays for the port strike affecting the US's East and Gulf Coasts. For more expert insight and the latest market action, click here to watch this full episode of Wealth! This post was written by Melanie Riehl
BusinessYahoo FinanceNew PCE reading supports case for smaller Fed rate cut in November
A fresh reading on inflation Friday keeps the Federal Reserve on track to continue cutting interest rates this fall — likely in 25 basis point increments.
- BusinessYahoo Finance Video
August PCE data falls in line with expectations
August's Personal Consumption Expenditures (PCE) data —the Federal Reserve's preferred measure of inflation— came in line with economist expectations Friday morning. The headline PCE figure showed a modest month-over-month increase of 0.1%, while rising by 2.2% year-over-year. Core PCE, which excludes volatile food and energy costs, increased by 2.7% compared to the same period last year. Yahoo Finance Fed reporter Jennifer Schonberger breaks down the details of the report, discussing how it will influence Fed policy moving forward. For more expert insight and the latest market action, click here to watch this full episode of Morning Brief. This post was written by Angel Smith