ETFdb.com is recommending a new short position for the month ahead. This short recommendation is based on a persistent bearish trend year-to-date that appears to be resuming after another short-lived pullback in major stock indexes at home. Below, we outline our investment thesis and outlook for the new recommendation.

This position is motivated by a return of ‘risk on’ appetites among investors that has inevitably resulted in decreased demand for safe haven exposure. Much to the bears’ frustration, the bull market continues to rage on and those seeking cover are at risk of being left behind once again.

The new short recommendation is based on:

  • A commodity ETF that is flat for the past month and down nearly 9% year-to-date
  • One of the most popular physically-backed precious metals ETF in terms of AUM
  • An ETF that has seen outflows of more than $1.5 billion in the past four weeks and over $3.5 billion year-to-date despite being the biggest fund in its category

Click here to check our latest buy pick.

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