Signals

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Do Not Be Alarmed By the Closing of JP Morgan Indexed ETFs. I say this even as I say that I believe this may be part of an emerging trend. Many mutual fund companies that are known for touting active management but stuck their feet in the water with ETFs will likely follow suit.

The press release said that J.P. Morgan Asset Management will liquidate two exchange-traded funds: JPMorgan U.S. Minimum Volatility ETF, JMIN, and the JPMorgan U.S. Dividend ETF, JDIV.

During the past year, both JDIV and JMIN handily outperformed the S&P 500 Index and more than 75% of non-leveraged equity funds with above-average yields and below-average Betas. It would seem that investors during this period should be happy with these results and are probably less than thrilled that the funds are closing. That said, let’s look at potential replacement holdings for owners of JDIV and JMIN.

The list of best performing non-leveraged ETFs for the past 90-days is led almost exclusively by ETFs that hold the stocks of fossil-fuel-based energy and closely related companies. However, over the one- and five-year periods, ESG funds have performed admirably. Some contrarians see a reversal on the horizon, they believe now is an opportune time to align your ESG principals with your portfolio dollars. This week ValuEngine’s Herb Blank looks at impact ETFs with an emphasis on environmentally focused ETFs.

In this edition of Signals, we look at video software developer Vimeo, which was spun off from Barry Diller’s IAC in 2021. In the ensuing months, Vimeo stock has nosedived from the $50 per share range to a recent $12.50. Can Vimeo's stock price regain those lofty levels and even climb to new heights or is it destined to continue to fall? To find answers, we present both a fundamental take of Vimeo from ValuEngine and an analysis of the top executives at the firm by our client Management CV.