Fund features in the First Trust, Invesco, and KraneShares lineups.
First Trust Feature: Cybersecurity CIBR
With Tuesday’s action, the First Trust NASDAQ Cybersecurity ETF CIBR rallied above $47 to achieve a new all-time high and rally above resistance that dates to February of this year. The tracking index for CIBR seeks to invest in the cybersecurity segment of the broader technology and industrials sector. The chart has been in a column of X’s since mid-May and has added 6.00% during the month of June (5/28/2021 to 6/22/2021), which is much of the ETF’s gain on a year-to-date basis at 6.26%. Overall, CIBR possesses a fund... (Read more)
Invesco Highlight: Invesco Buyback Achievers ETF PKW
There are no changes to any of the Invesco models this week. Year-to-date (through 6/25) value is the best performing factor in our factor ETFs quilt; ranking second is buyback, which is represented by the Invesco Buyback Achievers ETF PKW. PKW tracks an index that is comprised of US securities issued by corporations that have effected a net reduction in shares outstanding of 5% or more in the trailing 12 months (Source: Invesco)... (Read more)
KraneShares MSCI China Environment Index ETF
The past week has seen continued movement to the upside for the KraneShares MSCI China Environment Index ETF KGRN, which pushed higher last Friday to give its second consecutive buy signal in June at $46.50, before rising to $47. This fund saw a sharp drawdown beginning in late February that ran through most of May, but has moved significantly higher in recent weeks to arrive at a recent fund score posting of 4.83, besting the average emerging market equity fund (3.59) as well as the average Chinese equity fund (2.58). This favorable fund score is also paired with a positive 2.83 score direction, which provides further.. (Read more)
