5 ETFs To Fall In Love With This Valentine's Day

It seems stock market bulls are showering all their love on Wall Street this Valentine’s Day. This is especially true as the major bourses are hovering near new all-time highs buoyed by stronger-than-expected earnings, positive development in U.S.-China trade relationship, China stimulus measures, easing policies and slew of upbeat economic data.

In fact, the bulls bravely escaped the Middle East tensions in January and the recent coronavirus threats, which could lead to global slowdown. The solid trend is likely to continue at least in the near term given the resurgence of investors’ confidence in the economy.

This is because the labor market was off to a strong start in 2020, creating 225,000 new jobs in January. The manufacturing sector, which had languished in contraction territory for five months, rebounded strongly in January while services sector activity also picked up, with industries reporting increases in new orders. The solid data suggests that the economy could continue to grow moderately this year.  

Against this backdrop, several ETFs have been trending higher building up a solid relationship with investors, gaining in double digits. As such, we have highlighted five ETFs that continue to receive investors’ affection in the month of love even amid volatility.

Aberdeen Standard Physical Palladium Shares ETF (PALL - Free Report) – Up 25.5%

Palladium continued its last year’s bullish run on growing global demand and stagnating supply. The fund seeks to match the price of palladium. It owns palladium bullion in plate or ingots kept in Zurich or London under the custody of JPMorgan Chase Bank. The product has amassed $374.8 million in its asset base and trades in lower volume of about 39,000 shares a day. It charges 60 basis points (bps) in annual fees and has a Zacks ETF Rank #3 (Hold) with a High risk outlook.

Invesco Solar ETF (TAN - Free Report) – Up 22.3%

Increased focus on climate change is boosting solar ETF. The fund offers global exposure to 22 solar stocks by tracking the MAC Global Solar Energy Index. U.S. firms dominate the fund’s portfolio with 47.3% share, followed by China (23.2%) and Spain (7.4%). The product has amassed $611.3 million in its asset base and trades in average daily volume of 238,000 shares. It charges investors 71 bps in fees per year and has a Zacks ETF Rank #2 (Buy) with a High risk outlook.

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