happy thursday another turbulent week in markets and singlecountry stock etfs and funds focused on energy have been at the centerpiece of volatility over the past several sessions some funds almost literally went nuclear while china internet pegged exchangetraded vehicles enjoyed a bounce we’ll talk about some of that this week all this happened against the backdrop of the first interestrate increase since 2018 by the federal reserve with the promise of tighter policy on the horizon goodbye easymoney days in any case this may be my last week regularly handling etf wrap though i might make an occasional guest appearance please send tips or feedback on twitter to christine idzelis at cidzelis and find mark at mdecambre or linkedin to tell us what you think todd rosenbluth has left cfra to become director of research at etf trends replacing dave nadig rosenbluth has been a vital contributor to etf wrap while he served as head of mutual funds and etfs at cfra nadig said he was “super excited” to have rosenbluth on board on wednesday the federal reserve raised its benchmark interest rate by a quarter percentage point as widely expected and laid out plans for a more aggressive strategy of “ongoing increases” in the months ahead to combat high us inflation inflation is running at a 40year peak and fed chairman jerome powel has a tall task ahead of him the fed is shifting away from two years of easymoney policy that cushioned the economy during the pandemic the fed now sees its policy rate hitting 19 by the end of this year jumping to 28 in 2023 and staying at that level in 2024 rates at 28 would start to soften economic growth according to fed calculations what does that mean for etfs we’ve written a ton on the subject but a rising interest rate environment is one in which banks might flourish due to their business models of borrowing shortterm and lending out longerterm analysts have pointed to the financial select sector spdr fund xlf and the spdr sp regional banking etf kre and the spdr bank etf kbe  as solid bets all of those funds are up on the week thus far but it might be a tough slog for banks if the socalled yield curve inverts read more about that here commoditypegged etfs are enjoying a moment in the sun with investment flows picking up steam amid concerns that the russiaukraine war will disrupt supplies and push prices even higher “the category has taken in the 2nd most inflows since the russian invasion of ukraine just behind treasuries and we’d also note over the 15 bn inflows over the last two months marks one of the stronger historical readings we can find” todd sohn researcher at strategas writes although the price of uranium has been on the rise etfs pegged to it haven’t done as well marketwatch’s myra picache notes that uranium prices have gained about 40 since russia’s invasion of ukraine touching levels the market hasn’t seen in more than a decade—even though the war has little immediate impact on global supplies of the fuel used to generate nuclear energy prices of the radioactive element were at 5975 a pound on march 10 according to data from nuclearfuel consulting firm uxc marking the richest levels since march 2011 etfs on the other hand were swooning this week chalk it up to a bit of breather after a runup the northshore global uranium mining etf was down substantially on the week as was the global x uranium etf both funds are higher for the month and year to date period up at least 5 on the month and at least 11 so far in 2022 respectively a good chunk of the interest in uranium is pegged to climatechange commitments since nuclear power is a reliable power source that provides zero greenhouse gas emissions the kraneshares csi china internet etf soared wednesday notching its best daily gain in its history as china vowed to support its economy a separate chinafocused fund the ishares msci china etf mchi  which has nearly 6 billion in assets also soared on wednesday to its best day on record dating back to its inception in 2011 the rally came as beijing said it would work to stabilize chinese stock markets and boost economic growth in the first quarter with “concrete actions” according to staterun xinhua news agency   ukraine crisis exposes etf investors to the perils of herding ftcom   india’s oil woes scare off most etf traders since pandemic bloomberg