Major Index Gains Contrast with Slumping China, EV, and Tech ETFs in January
• While major US indexes posted gains in January, some lagging ETFs continued to struggle • China ETFs were hit hard, with the Invesco Golden Dragon China ETF down 14% and the Invesco China Technology ETF dropping 20% • Electric vehicle-related ETFs also declined, with the First Trust Clean Edge Green Energy ETF falling 18% • ARK Innovation ETF fell 13% in January due to poor performance by Coinbase and Tesla holdings • Clean energy ETFs extended losses from 2022, with Invesco Solar ETF dropping 21% for its worst month since March 2020