This new, concentrated ETF lets investors bet on only the biggest U.S. banks

A new ETF hitting the market this week is aiming to make it easier for investors to gain exposure to large banks, and large banks only. Roundhill Investments’ Big Bank ETF (BIGB) will have equal weight positions in just six banks: Bank of America , Citigroup , Goldman Sachs , JPMorgan Chase , Morgan Stanley … Read more

‘Be mindful of your risk’: Money manager tackles Silicon Valley Bank fallout on ETFs

There’s speculation the Silicon Valley Bank collapse could expose problems lurking in ETFs tied to specific sectors. Astoria Portfolio Advisors CIO John Davi has financials topping his watch list. “You need to be mindful of your risk,’” Davi, who runs the AXS Astoria Inflation Sensitive ETF, told CNBC’s “ETF Edge” this week. The fund is … Read more

These financials ETFs are getting slammed, but some new entries next week could help

Financials ETFs are getting hit hard by fear that the collapses of Silicon Valley Bank and Signature Bank will ripple throughout the banking system. Some of the biggest funds, however, are set to get some reinforcements next week that could stem their losses. The financial sector is set for a big change next week, as … Read more

CNBC Special Pro Talks: Hedge fund manager Dan Niles’ stocks to buy amid banking turmoil

Government intervention to backstop Silicon Valley Bank and Signature Bank has shaken up markets and investors are running for cover. Dan Niles, founder of the Satori Fund, says now is the time for caution and is doubling down on his S&P 500 price target of 3,000 that he gave to CNBC in January. In a … Read more

Silicon Valley Bank tumbles for a second day, weighing on the bank sector again

In this photo illustration of the TradingView stock market chart of SVB Financial Group seen displayed on a smartphone with the SVB Financial Group logo in the background.  Igor Golovniov | Lightrocket | Getty Images This is a developing story. Check back for updates. Shares of SVB Financial Group, known as Silicon Valley Bank, tumbled … Read more

Op-ed: Financials may get more love amid sustained higher interest rates

Credit card providers are benefitting from post-pandemic travel and increasing card usage in general, with balances way up in recent months. Valentinrussanov | E+ | Getty Images Financial stocks were so out of favor for most of 2022 that perhaps their tickers should have been appended with a Nathaniel Hawthorne-esque “U” — for “unloved.” Yet … Read more

This financials ETF is racing ahead of cheaper sector funds. Here’s how it works

Financial stocks are off to a solid start to the year, but the performance of the First Trust Financials AlphaDEX Fund (FXO) is surpassing its rivals and attracting a wave of cash from investors. The FXO has pulled in more than $1 billion of inflows over the past month, according to FactSet, and is outperforming … Read more