Megaphone icon ETF Database is now VettaFi. Read More >
ETFdb Logo
ETFdb Logo
  • ETF Database
  • Channels
    • Active ETF
    • Alternatives
    • Beyond Basic Beta
    • China Insights
    • Climate Insights
    • Commodities
    • Core Strategies
    • Crypto
    • Disruptive Technology
    • Dividend
    • Dual Impact
    • Emerging Markets
    • Energy Infrastructure
    • Entrepreneur ETF
    • Equity ETF
    • ESG
    • ETF Building Blocks
    • ETF Education
    • ETF Strategist
    • Fixed Income
    • Future ETFs
    • Gold & Silver Investing
    • Innovative ETFs
    • Institutional Income Strategies
    • Leveraged & Inverse
    • Managed Futures
    • Modern Alpha
    • Multi-Asset
    • Multi-Factor
    • Portfolio Strategies
    • Retirement Income
    • Smart Beta
    • Thematic Investing
    • Volatility Resource
  • Tools
    • ETF Screener
    • ETF Country Exposure Tool
    • ETF Sector Tracker Tool
    • ETF Database Categories
    • Head-To-Head ETF Comparison Tool
    • ETF Stock Exposure Tool
    • ETF Issuer Fund Flows
    • Indexes
    • Mutual Fund To ETF Converter
    • ETF Data for Journalists
    • ETF Nerds
  • Research
    • First Bitcoin ETF
    • ETF Education
    • Equity Investing
    • Dividend ETFs
    • Leveraged ETFs
    • Inverse ETFs
    • Top ETF Sectors
    • Top ETF Issuers
    • Top ETF Industries
  • Webcasts
  • Themes
    • AI ETFs
    • Blockchain ETFs
    • See all Thematic Investing ETF themes
    • ESG Investing
    • Marijuana ETFs
  • Videos & Podcasts
    • ETF 360 Video Series
    • ETF Trends on Videos
    • ETF Trends on Podcasts
    • ETF Prime Podcast
  • PRO
    • Pro Content
    • Pro Tools
    • Advanced
    • FAQ
    • Pricing
    • Free Sign Up
    • Login
  1. Core Strategies Channel
  2. Income and Personal Spending Went Up in October
Core Strategies Channel
Share

Income and Personal Spending Went Up in October

Karrie GordonNov 24, 2021
2021-11-24

Economic recovery is continuing in the midst of historic inflation, with the average U.S. household’s spending increasing 1.3% and helping to spur further growth, reports the Wall Street Journal.

In addition to personal spending rising, personal income also grew by 0.5% and jobless claims fell to new historic lows, creating an environment that favors continued economic recovery and growth. As the labor market continues to strengthen, it means a continued influx of money into spending that could help to balance the Fed’s tapering of bond stimulus.

Spending on goods was up 2.2% in October, and that included increases in both small purchases and big-ticket ones, and business investment seems to be on the uptick as well, with nondefense capital goods up 0.6%, which is a fairly good barometer for engagement from the business side. This year has seen continued growth from business investment as companies continue to spend on technologies to fuel their own growth.

Industries like travel that have been stricken by the pandemic are showing growth once more, and consumer demand for goods is up across the board heading into the holiday season. Several of the major big box retailers have indicated that they have sufficient inventory levels to account for holiday traffic and are confident in their performance heading into the fourth quarter.

“The consumer is still a big driver,” said Derrick Fung, chief executive at market research firm Cardify.ai. “We’re forecasting a very strong holiday season.”

Capturing Economic Recovery and Growth With FDG

The American Century Focused Dynamic Growth ETF (FDG) is an active, semi-transparent fund that seeks long-term capital growth by investing primarily, but not only, in large-cap growth companies.

FDG seeks to invest in early and rapid stage growth companies that are expected to appreciate in value, evaluating the individual companies instead of market forecasts when making investment choices. The strategy of the fund is based on the belief that, in the long term, the price movements of stocks trend along growth in revenue, earnings, and/or cash flow.

As such, the portfolio managers seek companies that are exhibiting accelerated growth in their earnings or revenue, compared to market expectations, peers, recent market trends, and the fund’s benchmark, the Russell 1000 Growth Index.

As a semi-transparent fund, holdings are disclosed on a quarterly basis instead of daily.

Top holdings include Tesla (TSLA) at an 8.56% weighting in the fund as of the end of October, along with Bill.com Holdings Inc (BILL) at a 7.02% weight, and Amazon.com (AMZN) at a 6.4% weight.

FDG has an expense ratio of 0.45%.

For more news, information, and strategy, visit the Core Strategies Channel.


Content continues below advertisement

Loading Articles...
Help & Info
  • Contact Us
  • Mission Statement
  • Press
Tools
  • ETF Screener
  • ETF Analyzer
  • Mutual Fund to ETF Converter
  • Head-To-Head ETF Comparison
  • ETF Country Exposure Tool
  • ETF Stock Exposure Tool
  • ETF Performance Visualizer
  • ETF Database Model Portfolios
  • ETF Database Realtime Ratings
  • ETF Database Pro
More Tools
  • ETF Launch Center
  • Financial Advisor & RIA Center
  • ETF Database RSS Feed
Explore ETFs
  • ETF News
  • ETF Picks of the Month
  • ETF Category Reports
  • Premium Articles
  • Alphabetical Listing of ETFs
  • Best ETFs
  • Browse ETFs by ETF Database Category
  • Browse ETFs by Index
  • Browse ETFs by Issuer
  • Compare ETFs
Legal
  • Terms of Use and Privacy Policy
  • © ETF Flows LLC
Follow ETF Database
Follow ETF Database

Advertisement

Is Your Portfolio Positioned With Enough Global Exposure?

ETF Education Channel

How to Allocate Commodities in Portfolios

Tom LydonApr 26, 2022
2022-04-26

A long-running debate in asset allocation circles is how much of a portfolio an investor should...

Core Strategies Channel

Why ETFs Experience Limit Up/Down Protections

Karrie GordonMay 13, 2022
2022-05-13

In a digital age where information moves in milliseconds and millions of participants can transact...

}
X