5 ETFs To Protect Your Portfolio From Coronavirus Threat

Coronavirus, a deadly virus which originated in China, has shaken the stock market across the globe. This is especially true as the outbreak of coronavirus — an illness similar to severe acute respiratory syndrome (SARS) — is getting stronger and infection is spreading fast and wide. As such, investors are concerned that this outbreak will turn into a widespread pandemic.

Per the latest report from China's National Health Commission, more than 2,000 people have been infected globally with 76 in China killed by the disease. Additionally, the United States registered five cases of coronavirus — two cases in California and one each in Arizona, Illinois and Washington state — and more are expected. Other regions in Southeast Asia and Europe are also witnessing the impact of the deadly virus.

Against such a backdrop, we have highlighted five ETFs that could benefit investors’ portfolio. These products could provide some shelter from the crisis and would be in focus in the weeks ahead.

SPDR Gold Trust ETF (GLD - Free Report)

Gold is often viewed as a store of value and a hedge against market turmoil. The product tracking this bullion like GLD could be an interesting pick to play in the current market turbulence. The fund tracks the price of gold bullion measured in U.S. dollars and is kept in London under the custody of HSBC Bank USA. It is the ultra-popular gold ETF with AUM of $45.3 billion and heavy volume of nearly 9.4 million shares a day. It charges 40 bps in fees per year from investors. The product has a Zacks ETF Rank #3 (Hold) with a Medium risk outlook.

Invesco CurrencyShares Japanese Yen Trust (FXY - Free Report)

Yen is considered a safe-haven currency in times of uncertainty. Investors could tap this via FXY, which appears a great way to play a future rise in the yen relative to the U.S. dollar. It tracks the price of the Japanese yen relative to the U.S. dollar. The fund charges 40 bps a year in fees and sees a moderate volume of roughly 82,000 shares per day. The product has accumulated $199.6 million in its asset base and has a Zacks ETF Rank #3 with a Medium risk outlook.

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