javascript hit counter
Business, Financial News, U.S and International Breaking News

‘Be conscious of your danger’: Cash supervisor tackles Silicon Valley Financial institution fallout on ETFs

New S&P Survey: Indices versus active managers

There’s hypothesis the Silicon Valley Financial institution collapse might expose issues lurking in ETFs tied to particular sectors.

Astoria Portfolio Advisors CIO John Davi has financials topping his watch checklist.

“You could be conscious of your danger,'” Davi, who runs the AXS Astoria Inflation Delicate ETF, instructed CNBC’s “ETF Edge” this week. The fund is an 2023 “ETF of the 12 months” finalist.

Davi contends the Monetary Choose Sector SPDR ETF (XLF) may very well be among the many greatest near-term laggards. It tracks the S&P 500 monetary index.

His agency offered the ETF’s positions in regional banks this week and acquired bigger cap banks, in keeping with Davi. He sees larger establishments as a extra secure, multiyear funding.

The XLF ended the week greater than 3% decrease. It is down virtually 8% for the reason that SVB collapse March 10.


This text was initially revealed by Learn the unique article right here.

Comments are closed.