Invesco Ultra Short Duration ETF (ARCA: GSY)

에 대한 최신 뉴스 Invesco Ultra Short Duration ETF (ARCA:GSY)

Invesco Ultra Short Duration ETF

PowerShares Ultra Short Duration Portfolio

Guggenheim Ultra Short Duration ETF

Guggenheim Enhanced Short Duration ETF

The fund will invest at least 80% of its net assets in fixed income securities and in ETFs and closed-end funds that invest substantially all of their assets in fixed income securities. It uses a low duration strategy to seek to outperform the ICE BofA US Treasury Bill Index in addition to providing returns in excess of those available in U.S. Treasury bills, government repurchase agreements, and money market funds, while seeking to provide preservation of capital and daily liquidity. The fund is non-diversified.

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NEAR

수요일 연방준비제도(연준)의 금리 0.5% 인하 결정은 투자자들을 머니마켓(자금 시장 또는 단기금융 시장) 펀드에서 장기 채권으로 끌어들일 수 있다고, 한 포트폴리오 관리자가 전했다.

연준 금리 인하로 투자자들이 자금 시장을 떠날 수도, 포트폴리오 매니저

The Federal Reserve&#8217;s decision cut interest rates by 0.5% on Wednesday <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/09/40943496/fed-rate-cut-eases-debt-refinancing-for-smaller-cloud-computing-firms-analyst-flags">may pull investors</a> away from money market funds and into longer duration bonds, according to a portfolio manager.
Total money market fund assets&nbsp;decreased by $20.02 billion to $6.30 trillion for a week ending on Wednesday, Sept. 18, the Investment Company Institute said. Among taxable money market funds, government funds&nbsp;decreased by $18.82 billion and prime funds decreased by $2.42 billion.&nbsp;
&#8220;Historically, we&#8217;ve seen more assets move into longer duration bonds when yields have fallen, and I think we&#8217;ve already seen some of that happen this year,&#8221; said Timothy Ng, a fixed-income portfolio manager with Capital Group.
&#8220;I expect this trend to continue as the Fed continues to cut rates,&#8221; he said.
Read Also: <a href="https://www.benzinga.com/real-estate/reit/24/09/40949753/mortgage-rates-near-6-demand-increases-for-refinancing-purchases">Mortgage Rates Near 6%, Demand Increases For Refinancing, Purchases</a>
&#8220;I think some of that flow will go into both equities and bonds, but in terms of relative scale, it will likely depend on the outlook for the economy, valuations and market sentiment between the two asset classes.&#8221;
A lot of assets moved into the money markets in recent years because money market yields were very attractive, but that may no longer be the case as the Fed plans to make further rate cuts this year, he said.
&#8220;Now you&#8217;re not getting as much yield waiting around, and you run the risk of missing out on capital appreciation that comes with having more duration in your portfolio as yields fall,&#8221; he said.
Price Action: Exchange-traded funds that hold money market funds gained slightly into Friday&#8217;s late-afternoon trading.
<ul id="mntl-sc-block_7-0">
<li>iShares Short Treasury Bond ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SHV#NASDAQ">SHV</a>) gained 0.05%</li>
<li>BlackRock Short Maturity Bond ETF (BATS:<a class="ticker" href="https://www.benzinga.com/stock/NEAR#BATS">NEAR</a>) rose 0.06%</li>
<li>SPDR Bloomberg Barclays 1-3 Month T-Bill ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BIL#NYSE">BIL</a>) went up 0.044%</li>
<li>Invesco&nbsp;Ultra Short Duration ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GSY#NYSE">GSY</a>) picked up 0.07%</li>
</ul>
Read Now:
<ul>
<li><a href="https://www.benzinga.com/news/24/09/40950904/claudia-sahm-underscores-feds-mandate-to-protect-jobs-says-additional-cuts-expected-the-time-to-supp">Claudia Sahm Underscores Fed&#8217;s Mandate to Protect Jobs, Says Additional Cuts Expected: &#8216;The Time To Support The Labor Market Is When It&#8217;s Strong&#8217;</a></li>
</ul>
Photo: Shutterstock

Fed Rate Cut May Drive Investors Away From Money Markets, Says Portfolio Manager

For investors seeking momentum, Invesco Ultra Short Duration ETF (ARCA:GSY) is probably on the radar. The fund just hit a 52-week high and is up 1.1% from its 52-week low price of $49.61/share.&nbsp;
But are more gains in store for this ETF? Let&#39;s take a quick look at the fund and the near-term outlook on it to get a better idea of where it might be headed:
<h3>GSY in Focus</h3>
Invesco Ultra Short Duration ETF is an actively managed fund that seeks to provide returns in excess of cash equivalents while also seeking to provide preservation of capital and daily liquidity. It has years to maturity of 1.36 and an effective duration of 0.66 years. Invesco Ultra Short Duration ETF charges 23 bps in annual fees.
<h3>Why the Move?</h3>
The short-term corner of the Treasury market has been an area to watch lately, given the current stock market volatility. The recent batch of data showed weakening labor markets and a slump in manufacturing that spurred recession concerns and battered global stock markets, compelling investors to hoard cash. As such, the appeal for cash-like ETFs has been on the rise as investors seek to mitigate the risk of a decline in the stock market.
<h3>More Gains Ahead?</h3>
Currently, GSY might continue its strong performance, given its weighted alpha of 0.77 and a low 20-day volatility of 1.67%, per barchart.com.
<a href="https://www.zacks.com/stock/news/2321373/ultra-short-term-bond-etf-gsy-hits-new-52-week-high?cid=CS-BENZ-FT-etf_news_and_commentary-2321373">To read this article on Zacks.com click here.</a>

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Invesco Ultra Short Duration ETF

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