10 ETF Ideas for 2024
From Nasdaq:
1. In the latest episode of ETF Spotlight, John Davi, founder & CEO of Astoria Portfolio Advisors, shares 10 ETF picks for 2024. The firm recommends equally weighted strategies, US mid-caps, small caps, Europe, and Japan for a change in market leadership amid declining rates.
2. The S&P 500 ETF SPY has beaten the equal-weighted index due to the outsized role of seven stocks. However, the Invesco S&P 500 Equal Weight ETF RSP has significantly outperformed the market-cap-weighted index since its inception in 2003, hinting towards a change in market leadership.
3. The WisdomTree Japan Hedged Equity ETF DXJ has surged about 44% last year, with the decline in the yen boosting profits for Japanese exporters. However, the question arises if investors should use currency-hedged or unhedged Japan ETFs for 2024 as many Japanese companies now have strong balance sheets.
For more information, tune in to the podcast to learn more.
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