David Kreinces, 2/24/20
The S&P 500 (SPY) fell by 3% today. When your portfolio needs extra risk control, consider the exchange-traded funds (ETFs) that track long-term Treasuries (TLT and TMF) in the investable benchmarks. These bond ETFs have repeatedly delivered important portfolio protection when it was needed most, including today’s gains of 1% and 4%, respectively.
Also, note that GSX Techedu (GSX), a relatively new technology stock holding for ETF PM, is performing extremely well. GSX is now trading at $46/share, up well over 300% within nine months of the company’s initial public offering (IPO) last June ($10.5/share). GSX provides online large-class tutoring services in China, including English courses, and personal interest courses such as yoga and guitar.