IQ Real Return ETF·Financial Services

An inflation ETF designed to weather rising prices is drawing fresh attention after consumer inflation surged to 3.3% in March. This was the highest level in nearly two years, driven almost entirely by a record 21.2% monthly jump in gasoline prices.

We enter the final pre-market session of the week with some hopefulness: at our current rate, we look to close major indexes in the green for the week. Although since economic data has hit the tape ahead of the opening bell, we've thus far trimmed gains: the Dow is +2 points, the S&P 500 +5, the Nasdaq +40 points and the small-cap Russell 2000 is +3.

The latest Inflation Rate reached the highest peak in nearly two years: +3.3%, exactly as expected.

The March CPI report dropped at 8:30 a.m. ET Friday, and S&P 500 (CGSPC) futures are barely moving as the markets digest how much the Iran conflict has pushed up consumer prices.

8am: Caution prevails US equity futures point to a broadly flat open, with a marginally positive tone belying the cautious mood across global markets. All eyes turn to the March CPI print, due at 8:30am ET, which is expected to reflect the inflationary ripple effects of elevated energy prices.

Jim Wyckoff has spent over 25 years involved with the stock, financial and commodity markets. He was a financial journalist with the FWN newswire service for many years, including stints as a reporter on the rough-and-tumble commodity futures trading floors in Chicago and New York.
The underlying index seeks to provide investors with a hedge against the inflation rate by providing diversified exposure to assets expected to benefit directly or indirectly from increases in the prices of goods and services that have exhibited positive correlation to the CPI over long-term historical periods. The fund principally invests in securities included in the underlying index, which is comprised of U.S. Treasury Inflation-Protected Securities (“TIPS”).
Financial Services
Asset Management - Bonds
2009-10-27
0.83
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