The Census Bureau's Advance Retail Sales Report for May showed consumer spending pulled back significantly last month, with headline sales sinking 0.9%. This marks the second straight monthly decline and the largest in over two years.
Last week's economic data presented a mixed bag, arriving against a backdrop of an S&P 500 that trended upwards for the entire week, buoyed by positive developments in trade talks.
The Census Bureau's Advance Retail Sales Report for April showed consumer spending inched up last month, with head sales rising 0.1%. This comes on the heels of March's 1.7% surge in spending and was higher than the 0.0% forecast.
![]() IBUY 29 Dec 2020 Paid | Annual | $0.62 Per Share |
![]() IBUY 30 Dec 2019 Paid | Annual | $0.15 Per Share |
![]() IBUY 29 Dec 2020 Paid | Annual | $0.62 Per Share |
![]() IBUY 30 Dec 2019 Paid | Annual | $0.15 Per Share |
CXA Exchange | US Country |
This investment fund is dedicated to capturing the growth and capital appreciation potential within the global online retail sector. By allocating at least 80% of its net assets into a diversified portfolio of equity securities, which closely align with its benchmark index, the fund seeks to tap into the expanding market of e-commerce worldwide. These securities predominantly comprise common stocks and depositary receipts, including American Depositary Receipts (ADRs) and Global Depositary Receipts (GDRs), of companies with substantial online retail revenue. Through adhering to a strategic index methodology designed to optimize capital appreciation, the fund positions itself as an attractive option for investors looking to invest in the online retail industry at a global scale.
The core of the fund's investment strategy lies in its commitment to global equity securities, specifically targeting companies entrenched in the online retail industry. By focusing on this sector, the fund aims to leverage the growth dynamics of e-commerce worldwide, offering investors exposure to a segment marked by rapid expansion and innovation.
In offering a mix of common stocks and depositary receipts, such as ADRs and GDRs, the fund provides a balanced approach to investing in international markets. This diversification helps mitigate risk associated with currency fluctuations and geopolitical uncertainties, while still allowing investors to benefit from the growth of online retail businesses globally.
With a methodology firmly rooted in tracking the performance of its benchmark index, the fund strategically invests in companies that are poised for capital appreciation within the online retail sector. The index's focus on firms with significant online retail revenue ensures that the portfolio is well-positioned to capture the sector's upside potential, aligning with investors' goals for growth and capital appreciation.