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Profit taking in precious metals continues

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8 år sedan

den

3 maj, 2017

Redaktionen

Profit taking in precious metals continued with outflow in gold totalling US$113m last week.

ETF Securities Weekly Flows Analysis – Profit taking in precious metals continues

Profit taking in precious metals continued with outflow in gold totalling US$113m last week.
Crude ETP inflows of US$62m as recent oil price weakness seen as a buying opportunity.
Continued inflows into agri-commodities, potential bargain hunting given recent price weakness.
Bearish EUR positioning after dovish ECB comments.

Profit taking in Precious Metals continued with gold outflows totalling US$113m last week. Following the first round of the French Presidential elections, the worst case in terms of market concerns, a Melenchon/Le Pen second round, was averted. Consequently risk assets rallied and defensive assets sold off, with gold bearing the brunt of this with US$125 of outflows last week. Despite this more bearish position in gold over the week we have seen minor outflows in short gold positions. Silver bucked this trend with inflows of US$8.5m, it remains attractively value relative to gold but in the short-term is vulnerable to a sell-off to as futures positioning highlights all-time-highs in positive sentiment.

Crude ETP inflows as recent oil price weakness seen as a buying opportunity. Recent weakness in the oil prices has been seen as a buying opportunity with inflows of US$62m into long position and outflows of US$3m in short positions. Investor flows into crude remain very volatile as investors remain tactical; we typically see outflows when Brent crude reaches US$55/bbl and inflows when it falls close to US$50/bbl. Year-to-date figures highlight that investors remain broadly constructive on further price gains with inflows totalling US$175m. We continue to see oil range bound: expectations that OPEC could announce another production cut at their 25th May meeting could provide support, however, falling marginal costs in the US tight oil industry and rising oil exports continue to undermine OPEC efforts.

Following the presidential election in France there has been surprisingly bearish activity in the EUR. EUR long positions saw outflows of US$13m while EUR short positions inflows of US$9m, suggesting investors have become more bearish, although this maybe due to the more dovish than expected rhetoric from the ECB in Thursday’s meeting where an announcement of QE tapering was expected following the positive outcome from the French presidential elections. Much of the more negative views on the EUR were against the USD and the Swiss Franc.

We continue to see inflows into agricultural commodities, which we believe is due to bargain hunting given recent price weakness. We saw a 9th straight week of inflows into Cocoa ETP: US$66mn inflows YTD. Coffee also saw strong inflows las week totalling US$8.6m (10% of AUM) and US$26m YTD.

For more information contact

ETF Securities Research team
ETF Securities (UK) Limited
T +44 (0) 207 448 4336
E info@etfsecurities.com

Important Information

General

This communication has been provided by ETF Securities (UK) Limited (”ETFS UK”) which is authorised and regulated by the United Kingdom Financial Conduct Authority (the ”FCA”).

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The Dogecoin case study: How to value memecoins

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52 minuter sedan

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4 maj, 2025

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Dogecoin’s performance and staying power across multiple market cycles suggest it is not “just another one of those memecoins”.

Over the past decade, DOGE has outperformed even Bitcoin, delivering over 133,000% in returns, nearly 1,000x BTC’s gains in the same period. Despite deep drawdowns during bear markets, Dogecoin has shown remarkable structural resilience.

Following each major rally, it has consistently formed higher lows, a pattern of long-term appreciation and compounding strength.

Historically, Dogecoin has closely mirrored Bitcoin’s movements, often peaking a few weeks after. While 2024 saw Bitcoin dominate headlines following landmark ETF approvals, DOGE still followed its trajectory, though it has yet to stage its typical delayed breakout.

As macro uncertainty continues to fade and momentum returns to the market, retail participation is likely to accelerate, setting up conditions in which Dogecoin has historically thrived.

At the same time, regulatory clarity around Dogecoin has improved. The SEC recently confirmed that most memecoins are not considered securities, comparing them to collectibles. Additionally, they clarified that proof-of-work rewards, like those earned from mining DOGE, also fall outside that scope. These developments further legitimize Dogecoin’s role in the ecosystem, potentially setting the stage for its next paw up, especially as it now holds a firm base around $0.17, nearly 3x its pre-rally level before reaching a new all-time high in the last cycle.

In addition to its long-term performance, Dogecoin stands out as an asset that behaves asymmetrically, offering investors a rare source of uncorrelated returns across both traditional and crypto portfolios. With an average correlation of just 15% to major assets, DOGE’s price action remains largely detached from broader macroeconomic trends, reinforcing its value as a true diversification tool.

Dogecoin demonstrates significant independence within the crypto market, with its correlation to Bitcoin at only 31% and to Ethereum at 37%. This divergence stems from unique capital flow dynamics, where higher-beta assets like DOGE tend to rally after blue-chip crypto assets reach major milestones.

While Bitcoin slowly evolves into a digital store of value and Ethereum powers decentralized infrastructure, Dogecoin remains largely a cultural asset, thriving on narrative momentum and crowd psychology, offering explosive upside when risk appetite surges.

For investors seeking an upside without mirroring the behavior of core holdings, Dogecoin offers a compelling case. Its ability to decouple from market trends while tapping into more speculative surges makes it a powerful, though unconventional, addition to a portfolio with wildcard potential.
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The information provided does not constitute a prospectus or other offering material and does not contain or constitute an offer to sell or a solicitation of any offer to buy securities in any jurisdiction. Some of the information published herein may contain forward-looking statements. Readers are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties and that actual results may differ materially from those in the forward-looking statements as a result of various factors. The information contained herein may not be considered as economic, legal, tax or other advice and users are cautioned to base investment decisions or other decisions solely on the content hereof.

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MWOA ETF köper aktier i industriföretag

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2 timmar sedan

den

4 maj, 2025

Redaktionen

Amundi S&P Global Industrials ESG UCITS ETF EUR (D) (MWOA ETF) med ISIN IE00026BEVM6, försöker följa S&P Developed Ex-Korea LargeMidCap Sustainability Enhanced Industrials index. Det S&P-utvecklade ex-Korea LargeMidCap Sustainability Enhanced Industrials-indexet spårar industrisektorn. Aktierna som ingår filtreras enligt ESG-kriterier (miljö, social och bolagsstyrning).

Den börshandlade fondens TER (total cost ratio) uppgår till 0,18 % p.a. Amundi S&P Global Industrials ESG UCITS ETF EUR (D) är den billigaste ETF som följer S&P Developed Ex-Korea LargeMidCap Sustainability Enhanced Industrials index. ETFen replikerar det underliggande indexets prestanda genom full replikering (köper alla indexbeståndsdelar). Utdelningarna i denna ETF delas ut till investerarna (Årligen).

Amundi S&P Global Industrials ESG UCITS ETF EUR (D) är en mycket liten ETF med 4 miljoner euro under förvaltning. ETFen lanserades den 20 september 2022 och har sin hemvist i Irland.

Investeringsmål

AMUNDI S&P GLOBAL INDUSTRIALS ESG UCITS ETF DR – EUR (D) försöker replikera, så nära som möjligt, resultatet av S&P Developed Ex-Korea LargeMidCap Sustainability Enhanced Industrials Index (Netto Total Return Index). Denna ETF har exponering mot stora och medelstora företag i utvecklade länder. Den innehåller uteslutningskriterier för tobak, kontroversiella vapen, civila och militära handeldvapen, termiskt kol, olja och gas (inkl. Arctic Oil & Gas), oljesand, skiffergas. Den är också utformad för att välja ut och omvikta företag för att tillsammans förbättra hållbarhet och ESG-profiler, uppfylla miljömål och minska koldioxidavtrycket.

Handla MWOA ETF

Amundi S&P Global Industrials ESG UCITS ETF EUR (D) (MWOA ETF) är en europeisk börshandlad fond. Denna fond handlas på flera olika börser, till exempel Deutsche Boerse Xetra.

Det betyder att det går att handla andelar i denna ETF genom de flesta svenska banker och Internetmäklare, till exempel DEGIRO, Nordnet, Aktieinvest och Avanza.

Börsnoteringar

Börs	Valuta	Kortnamn
gettex	EUR	WELT
XETRA	USD	MWOA
XETRA	EUR	WELT

Största innehav

Denna fond använder fysisk replikering för att spåra indexets prestanda.

Namn	Valuta	Vikt %	Sektor
SCHNEIDER ELECT SE	EUR	4.22 %	Industri
SIEMENS AG-REG	EUR	4.10 %	Industri
GENERAL ELECTRIC CO	USD	3.93 %	Industri
UNION PACIFIC CORP	USD	3.19 %	Industri
CATERPILLAR INC	USD	3.03 %	Industri
UBER TECHNOLOGIES INC	USD	2.50 %	Industri
EATON CORP PLC	USD	2.25 %	Industri
RELX PLC	GBP	2.24 %	Industri
RECRUIT HOLDINGS CO LTD	JPY	2.06 %	Industri
TRANE TECHNOLOGIES PLC	USD	1.99 %	Industri

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XENIX ETF AWARDS Nordics 2025, Stockholm

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3 timmar sedan

den

4 maj, 2025

Redaktionen

XENIX kommer att vara värd för ETF AWARDS för de nordiska länderna för tredje gången i maj 2025. Alla noterade ETFer och traditionella indexfonder som erbjuds nordiska privata investerare beaktas. XENIX ETF AWARDS Nordics är de ursprungliga nordiska ETF AWARDS för alla trackerfonder.

XENIX kommer att vara värd för XENIX ETF AWARDS för de nordiska länderna för tredje gången i maj 2025. Alla noterade ETFer och traditionella indexfonder som erbjuds nordiska privata investerare beaktas. XENIX ETF AWARDS Nordics är de ursprungliga nordiska ETF AWARDS för alla trackerfonder.

Datum: Tisdagen den 13 maj 2025

Tid: 16,30 till 20,30

Plats: Scandic Haymarket, Hötorget 13-15, 111 57 Stockholm

XENIX kommer att vara värd för ETF AWARDS för de nordiska länderna för tredje gången i maj 2025. Alla noterade ETFer och traditionella indexfonder som erbjuds nordiska privata investerare beaktas. XENIX ETF AWARDS Nordics är de ursprungliga nordiska ETF AWARDS för alla trackerfonder.

Baserat på en kvalitativ rating utvärderar XENIX ratingvinnarna i utvalda investeringskategorier, dvs. de bästa ETFerna och trackerfonderna. Dessutom uppmärksammas innovativa ETF-nykomlingar och index, och specialpriser delas ut för anmärkningsvärda bidrag till vidareutvecklingen av indexerings- och ETF-marknaden.