Year over year wholesale inflation pulls back to +5.5%, 100 bps lower than last month's initial print.
Spot gold prices are modestly higher and spot silver prices are weaker ahead of the North American market open Wednesday, as a softer U.S. inflation mix supported precious metals while renewed Strait of Hormuz tension kept crude oil prices and Treasury yields elevated.
US stock futures rise after soft CPI boosted rate cut hopes. See why today's PPI report, earnings and Treasury yields could decide the next move for US stocks.
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The fund operates as an actively managed exchange-traded fund (ETF) with a strategic focus on inflation-adaptable investments. It aims to capitalize on the increase in the rate of rising costs of goods and services by investing mainly in securities spread over multiple asset classes. Its investment strategy targets assets expected to offer benefits amidst inflationary pressures, thereby providing a specialized investment solution for those looking to hedge against inflation in their portfolios. The fund's management team actively selects investments with the potential for growth or stability in an environment characterized by rising inflation, leveraging their expertise to navigate the complex landscape of inflation-impacted assets. Although it is a non-diversified fund, its investment choices span various sectors and asset types, aiming to capture growth from inflationary trends without being confined to a single category of assets.
The fund offers a unique blend of investment in securities across different sectors and asset classes tailored to thrive in inflationary conditions. Their products and services include: