FYI: Investors seeking to hedge against higher interest rates and increased volatility have other options besides traditional retail banks. Financial services companies, like State Street and BlackRock, which issue exchange-traded funds, or ETFs, tend to also do well when rates rise, says Michael Venuto, chief investment officer of Toroso Asset Management.
He says Toroso's ETF Industry Exposure & Financial Services exchange-traded fund, or ETF, is a good play for investors when interest rates and market volatility rise. The ETF, ticker symbol TETF, is up 8 percent this year, while the S&P 500 is up 1.8 percent. Answers have been edited for length and clarity.
Regards,
Ted
https://www.houstonchronicle.com/business/article/Fund-manager-Q-A-Betting-on-funds-that-thrive-as-12738423.phpM* Snapshot TETF:
http://www.morningstar.com/etfs/ARCX/TETF/quote.html
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BURKX which has become RMBLX
CNBC-SCHUTZ-Buy-Pullbacks-in-Bank-Stocks
rmbfunds.com/