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The SPDR S&P Regional Banking ETF (KRE) was launched on 06/19/2006, and is a passively managed exchange traded fund designed to offer broad exposure to the Financials - Regional Banks segment of the equity market.
The SPDR S&P Regional Banking ETF (KRE) made its debut on 06/19/2006, and is a smart beta exchange traded fund that provides broad exposure to the Financials ETFs category of the market.
Despite my initial concerns, KRE ETF rose 24%, driven by strong earnings growth in regional banks. The U.S. economy's neutral rate has risen to the 2.8%–3.6% range—a resilience that the banking sector appreciates. The steepening of the yield curve could support NIM and reduce the burden of NPLs, although they remain relatively high.
President Donald Trump, in a video address to the World Economic Forum in Davos, Switzerland, supported lower interest rates.
Looking for broad exposure to the Financials - Regional Banks segment of the equity market? You should consider the SPDR S&P Regional Banking ETF (KRE), a passively managed exchange traded fund launched on 06/19/2006.
Billionaire Stanley Druckenmiller has a track record that few, if any, investing legends can match. He has never had a year in the red, and he generated average annual returns of 30% over a 30-year period in his career.
The SPDR S&P Regional Banking ETF (KRE) was launched on 06/19/2006, and is a smart beta exchange traded fund designed to offer broad exposure to the Financials ETFs category of the market.
The positive turn in the 2-year/10-year Treasury yield curve supports my upgrade of KRE from hold to buy. KRE's valuation is attractive with a low P/E ratio of 11.7x and a PEG ratio of 1.6x, indicating it's relatively cheap. Despite past volatility, KRE has shown resilience with a consistent dividend payout and strong momentum in recent months.
Tom Michaud, KBW CEO, joins 'Squawk on the Street' to discuss what to expect from the spate of bank earnings coming up.
Stanley Druckenmiller ran Duquesne Capital Management for 24 years, from 1986 to 2010.