PPI - Four ETFs in focus ahead of Friday's CPI report

With key inflation data due out at the end of the week, four exchange traded funds come into focus ahead of Friday’s May Consumer Price Index report. Wall Street is looking to see if inflation levels have peaked or still have room to run. The data could spark action in four inflation-related key ETFs: the AXS Astoria Inflation Sensitive ETF (NYSEARCA:PPI), SPDR SSGA Multi-Asset Real Return ETF (NYSEARCA:RLY), ProShares Inflation Expectations ETF (NYSEARCA:RINF), and the VanEck Inflation Allocation ETF (NYSEARCA:RAAX) enter focus. All four funds in some form or another help support investors in fighting off elevated levels of inflation. As such, all these ETFs have trended to the topside in 2022, delivering market participants positive returns when compared to the benchmark SPDR S&P 500 Trust ETF (SPY), which is lower on the year by 14%. Year-to-date performances: PPI has risen 12.4%, RLY has topped 16.8%, while RINF and RAXX are up 9.9% and 12.9% respectively. RLY

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Four ETFs in focus ahead of Friday’s CPI report