Investing in Retail ETFs During the Holiday Rush: What Investors Need to Know
WHAT YOU SHOULD KNOW
- Brian Giere of Amplify ETFs believes that there are still opportunities to be found in the retail sector despite the economic downturn.
- Jeff Giere, manager of the Amplify Online Retail ETF (IBUY), believes that shoppers’ habits have changed permanently since the pandemic, leading to increased online shopping.
‘It’s the time of year for shopping – and possibly for some investors to consider Exchange Traded Funds (ETFs).’
Brian Giere of Amplify ETFs believes that despite the economic downturn, there are still opportunities to be found in the retail sector.
The head of national accounts for the firm recently informed CNBC’s “ETF Edge” that they anticipate sustained exceptional performance or unprecedented growth in the online sector.
Jeff Giere, manager of the Amplify Online Retail ETF (IBUY), believes that shoppers’ habits have changed permanently since the pandemic. He suggests that consumers may use in-person stores as showrooms to determine what they want to purchase, and then purchase online for the best deals. His ETF is currently down 60% this year, but he feels the trend will hold.
Todd Rosenbluth, head of research at VettaFi, recommends the SPDR S&P Retail ETF (XRT) for investors interested in traditional consumer discretionary companies such as Macy’s and The Gap. He notes that the ETF has seen strong inflows in the past month and has become larger than some of the online retail peers.
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