Tuesday, December 6, 2016

Marching Forth

Tuesday, December 6, 2016 - Despite the uncertainty unleashed from this weekend's Italian referendum, major global equity indices all rose on Monday, as investors continue to contemplate the 'No' vote's long-term impact on the markets. The S&P 500 registered its best day in two weeks, climbing 0.6%, while the Nasdaq Composite and DJIA advanced 1% and 0.2% respectively. Surprisingly, after opening in the red Monday morning, European stocks finished in positive territory, with the Stoxx Europe 600 adding 0.6%. The resilience of European equities, along with positive incoming economic data, helped spur a continuation of the post-election rotation into riskier assets.

Leadership in the major US indices was driven by familiar sectors as the post-election Trump rally maintained its momentum. Cyclical sectors continued their resurgence, while the financials, consumer discretionary, and energy sectors advanced 1.2%, 1%, and 0.7% respectively. As the best-performing S&P sector on the day, financial-related ETFs attracted plenty of investor attention. Volume in the flagship Financial Selector SPDR Fund (XLF) surged to 95.14M, well-above its 3 month average of 74.59M, and gained 1.19%. XLF's 14% ascent since Election Day, has been fueled by expectations of tax cuts, regulatory relief, and rising interest rates to be ushered in by a Trump administration.

Similarly, the energy sector has been on an upward trajectory since Election Day, on the prospects of a rollback in environmental regulations, increased infrastructure spending and protective, domestic policy stances by our incoming administration. This in conjunction with the recent OPEC production cut agreement has buoyed energy ETFs in recent market action, including the Guggenheim S&P 500 Equal Weight Energy ETF (RYE), which added 2.0% on Monday to its industry best 38.0% YTD gain. The rising momentum in the energy sector has spurred some changes atop our Quant leaderboard, where the VanEck Vectors Oil Services ETF (OIH) claims our highest Quant ranking. With a perfect 10 Green Diamond Reward Rating, OIH may be worth taking a look at for those looking to capture upside potential in the energy sector.

While the broader European market was able to endure the shock of the Italian referendum, with the iShares MSCI Eurozone ETF (EZU) gaining 2.20% on the day, it was widely expected that Italian stocks would suffer in wake of a defeat. However, the performance of Italian equity ETFs defied this prevailing wisdom. Despite having its largest sector weighting towards Italy's ailing financial sector, at 28.2%, the iShares MSCI Italy Capped ETF (EWI) closed the day up 0.81%. Although Italian and European equities rebounded Monday, the potential fallout of Italy's referendum is unknown and will continue to unnerve investors as uncertainty over the stability of the EU hangs over the markets.

Looking to the week ahead, all eyes will turn to the Federal Reserve's December 13-14 meeting, in which they are widely expected to increase short-term rates.

Thank you for reading ETF Global® Perspectives!


ETFG 21 Day Free Trialhttps://www.etfg.com/signup/quick


_____________________________________________________________
Assumptions, opinions and estimates constitute our judgment as of the date of this material and are subject to change without notice.  ETF Global LLC (“ETFG”) and its affiliates and any third-party providers, as well as their directors, officers, shareholders, employees or agents (collectively ETFG Parties) do not guarantee the accuracy, completeness, adequacy or timeliness of any information, including ratings and rankings and are not responsible for errors and omissions or for the results obtained from the use of such information and ETFG Parties shall have no liability for any errors, omissions, or interruptions therein, regardless of the cause, or for the results obtained from the use of such information. ETFG PARTIES DISCLAIM ANY AND ALL EXPRESS OR IMPLIED WARRANTIES, INCLUDING, BUT NOT LIMITED TO ANY WARRANTIES OF MERCHANTABILITY, SUITABILITY OR FITNESS FOR A PARTICULAR PURPOSE OR USE.  In no event shall ETFG Parties be liable to any party for any direct, indirect, incidental, exemplary, compensatory, punitive, special or consequential damages, costs, expenses, legal fees, or losses (including, without limitation, lost income or lost profits and opportunity costs) in connection with any use of the information contained in this document even if advised of the possibility of such damages.

ETFG ratings and rankings are statements of opinion as of the date they are expressed and not statements of fact or recommendations to purchase, hold, or sell any securities or to make any investment decisions. ETFG ratings and rankings should not be relied on when making any investment or other business decision.  ETFG’s opinions and analyses do not address the suitability of any security.  ETFG does not act as a fiduciary or an investment advisor.  While ETFG has obtained information from sources they believe to be reliable, ETFG does not perform an audit or undertake any duty of due diligence or independent verification of any information it receives.

This material is not intended as an offer or solicitation for the purchase or sale of any security or other financial instrument. Securities, financial instruments or strategies mentioned herein may not be suitable for all investors.  Any opinions expressed herein are given in good faith, are subject to change without notice, and are only correct as of the stated date of their issue.  Prices, values, or income from any securities or investments mentioned in this report may fall against the interests of the investor and the investor may get back less than the amount invested.  Where an investment is described as being likely to yield income, please note that the amount of income that the investor will receive from such an investment may fluctuate.  Where an investment or security is denominated in a different currency to the investor's currency of reference, changes in rates of exchange may have an adverse effect on the value, price or income of or from that investment to the investor.

Monday, November 28, 2016

Surprise Beneficiaries

Monday November 28, 2016 – the year 2016 has surely been one for the books as the unexpected basically became the norm throughout the last 11 months. No one at this time last year expected Brexit to be possible, Donald Trump to be President-elect or the stock market to go anywhere but down – surprise, surprise.

Yet again this week we saw record highs in all the major U.S. indexes, but this time it was on the same day. That’s something we haven’t seen since the last day of the 20th century. Riding that wave has been U.S. Equity Exchange-Traded-Funds which saw over $48B of inflows in the past 30 days according to the ETFG Fund Flow Report.

One fund which is reaping the benefits of the market highs and the plans of President-elect Trump is Financial Select Sector SPDRS (XLF) which has seen well over $3B of inflows just last week – all a direct expectation of steady interest rate rises and a bulk up in spending on infrastructure which will give banks more opportunities to lend and more importantly, make better gains on the money they are handing out. The fund is up almost 14% through the month of November and closed Friday at $22.41. It currently holds a “C” rating in the ETFG Quant Score.

With the Holiday season now in full swing, retail and consumer discretionary ETFs are also catching the eyes of some investors. The PowerShares Dynamic Retail Portfolio (PMR) reached levels it hasn’t seen since December of last year as it closed on Friday at $37.41. The index is comprised of 30 U.S. retailers and is currently up $3.32 MTD. It will be interesting to see this week how Cyber Monday plays out for online retailers as it is expected to be the biggest online shopping day in U.S. history.

But as the year continues to wind down we will see if these two trends will be able to hold up steam. For now, investors who were willing to buckle up and leave their money in the market are enjoying an early holiday present but the well-informed ones must always be wary of a Grinch that may be lurking in the distance.

Thank you for reading ETF Global Perspectives!

ETFG 21 Day Free Trialhttps://www.etfg.com/signup/quick

_____________________________________________________________
Assumptions, opinions and estimates constitute our judgment as of the date of this material and are subject to change without notice.  ETF Global LLC (“ETFG”) and its affiliates and any third-party providers, as well as their directors, officers, shareholders, employees or agents (collectively ETFG Parties) do not guarantee the accuracy, completeness, adequacy or timeliness of any information, including ratings and rankings and are not responsible for errors and omissions or for the results obtained from the use of such information and ETFG Parties shall have no liability for any errors, omissions, or interruptions therein, regardless of the cause, or for the results obtained from the use of such information. ETFG PARTIES DISCLAIM ANY AND ALL EXPRESS OR IMPLIED WARRANTIES, INCLUDING, BUT NOT LIMITED TO ANY WARRANTIES OF MERCHANTABILITY, SUITABILITY OR FITNESS FOR A PARTICULAR PURPOSE OR USE.  In no event shall ETFG Parties be liable to any party for any direct, indirect, incidental, exemplary, compensatory, punitive, special or consequential damages, costs, expenses, legal fees, or losses (including, without limitation, lost income or lost profits and opportunity costs) in connection with any use of the information contained in this document even if advised of the possibility of such damages.

ETFG ratings and rankings are statements of opinion as of the date they are expressed and not statements of fact or recommendations to purchase, hold, or sell any securities or to make any investment decisions. ETFG ratings and rankings should not be relied on when making any investment or other business decision.  ETFG’s opinions and analyses do not address the suitability of any security.  ETFG does not act as a fiduciary or an investment advisor.  While ETFG has obtained information from sources they believe to be reliable, ETFG does not perform an audit or undertake any duty of due diligence or independent verification of any information it receives.

This material is not intended as an offer or solicitation for the purchase or sale of any security or other financial instrument. Securities, financial instruments or strategies mentioned herein may not be suitable for all investors.  Any opinions expressed herein are given in good faith, are subject to change without notice, and are only correct as of the stated date of their issue.  Prices, values, or income from any securities or investments mentioned in this report may fall against the interests of the investor and the investor may get back less than the amount invested.  Where an investment is described as being likely to yield income, please note that the amount of income that the investor will receive from such an investment may fluctuate.  Where an investment or security is denominated in a different currency to the investor's currency of reference, changes in rates of exchange may have an adverse effect on the value, price or income of or from that investment to the investor.

Wednesday, November 23, 2016

Registration Closing - Fall 2016 ETP Forum

We look forward to seeing everyone for the upcoming Fall 2016 ETP Forum on Tuesday, November 29th which expects a record turnout – given that we are approaching capacity for the venue, registration will close this Friday.

To register. please click here: http://etpforum.org/etp-forum/registration

Complete event information is available at www.expertseries.org and updates on the event will continue to be available on Twitter via @Expert_Series

Featured Speakers:
Chris Romano, Director of Research, ETF Global
John Jacobs, Distinguished Policy Fellow, Georgetown University
Mike Castino, Senior Vice President, U.S. Bancorp Fund Services
Jamie Anderson, Managing Principal, Tierra Funds
Andrew Chanin, Chief Executive Officer, PureFunds
JD Gardner, Founder, Aptus Capital Advisors
Dodd Kittsley, Director, Davis Advisors
David Perlman, Exchange-Traded-Fund Sector Strategist, UBS
David Weild, Chairman, Weild & Co.
Max Wolff, Market Strategist, 55 Capital Partners
Nick Colas, Chief Market Strategist, Convergex
David Levy, Chairman, Jerome Levy Forecasting Center
Julie Abbett, ETF Sales, JP Morgan
Stephen Hammers, CIO, Victory Capital Management
Matthew Goulet, Vice President, Fidelity SelectCo
Robert Nestor, Head of iShares Smart Beta & Fixed Income Product Strategy, BlackRock
Mark Nordman, ETF Specialist, Principal Global Equities
Jim Pacetti, Director of Marketing, ETF Global
Nathalia Pryce, Director of Marketing & Distribution, SEI Investments & SEI Women’s Network
Jeffrey Scott, Director, Virtual Research Center, WorldQuant
Seth Kadushin, Director, Capital Markets, Virtus ETF Solutions
John Bartlett, Portfolio Manager, Reaves Asset Management
Jonathan Stanley, Managing Director - Fixed Income, Newfleet Asset Management
John Cole Scott, Chief Investment Officer, CEFA
Kevin Mahn, President and CIO, Hennion & Walsh Asset Management
Nicholas Antaki, Founder, Antaki International
Craig Siena, Financial Advisor, Stifel
Jason S. Fitz, Private Wealth Advisor, Lincoln Financial Advisors
J. Emmett Towey, Managing Director, Hightower Advisors
Monique Castillo, Financial Advisor, Oppenheimer & Co.
Mansi Singhal, Principal, qplum
Brad Vopni, Director Capital Markets, Nextshares
Dana D’Auria, Director of Research, Symmetry Partners
Eric Pollackov, Global Head of ETF Capital Markets, Invesco PowerShares
Matthew Tuttle, CIO, Tuttle Tactical Management


About The ETP Forum
This one-day symposium convenes some of the most widely recognized experts in Exchange-Traded-Funds and some of the brightest minds in Capital Management.  The ETP Forum features renowned speakers addressing cutting-edge topics within a vibrant and intimate learning atmosphere.  Now in its 5th year, this semi-annual conference continues to provide thought leadership on one of the most exciting investment vehicles in the market, namely Exchange-Traded-Funds.

We look forward to seeing you there and Happy Thanksgiving!

Thank you for reading ETF Global Perspectives!

__________________________________________________________________
Assumptions, opinions and estimates constitute our judgment as of the date of this material and are subject to change without notice.  ETF Global LLC (“ETFG”) and its affiliates and any third-party providers, as well as their directors, officers, shareholders, employees or agents (collectively ETFG Parties) do not guarantee the accuracy, completeness, adequacy or timeliness of any information, including ratings and rankings and are not responsible for errors and omissions or for the results obtained from the use of such information and ETFG Parties shall have no liability for any errors, omissions, or interruptions therein, regardless of the cause, or for the results obtained from the use of such information. ETFG PARTIES DISCLAIM ANY AND ALL EXPRESS OR IMPLIED WARRANTIES, INCLUDING, BUT NOT LIMITED TO ANY WARRANTIES OF MERCHANTABILITY, SUITABILITY OR FITNESS FOR A PARTICULAR PURPOSE OR USE.  In no event shall ETFG Parties be liable to any party for any direct, indirect, incidental, exemplary, compensatory, punitive, special or consequential damages, costs, expenses, legal fees, or losses (including, without limitation, lost income or lost profits and opportunity costs) in connection with any use of the information contained in this document even if advised of the possibility of such damages.

ETFG ratings and rankings are statements of opinion as of the date they are expressed and not statements of fact or recommendations to purchase, hold, or sell any securities or to make any investment decisions. ETFG ratings and rankings should not be relied on when making any investment or other business decision.  ETFG’s opinions and analyses do not address the suitability of any security.  ETFG does not act as a fiduciary or an investment advisor.  While ETFG has obtained information from sources they believe to be reliable, ETFG does not perform an audit or undertake any duty of due diligence or independent verification of any information it receives.


This material is not intended as an offer or solicitation for the purchase or sale of any security or other financial instrument. Securities, financial instruments or strategies mentioned herein may not be suitable for all investors.  Any opinions expressed herein are given in good faith, are subject to change without notice, and are only correct as of the stated date of their issue.  Prices, values, or income from any securities or investments mentioned in this report may fall against the interests of the investor and the investor may get back less than the amount invested.  Where an investment is described as being likely to yield income, please note that the amount of income that the investor will receive from such an investment may fluctuate.  Where an investment or security is denominated in a different currency to the investor's currency of reference, changes in rates of exchange may have an adverse effect on the value, price or income of or from that investment to the investor.

Monday, November 21, 2016

How Much, How Often

Monday, November 21, 2016 - In its 2nd consecutive, positive week since the election, stocks, reacting to Trump winning the election, caused most of the major benchmarks to reach all-time highs. The S&P 500, Dow Jones, and NASDAQ all had positive gains - the S&P gained .8%, the Dow Jones Industrial increased .1%., and NASDAQ increased by 1.6%.  However, with the election now in the rear view mirror, more attention turns towards the growth of the economy and the potential and timing of increases in interest rates. On Thursday, Janet Yellen spoke before Congress, indicating that due to the recent economic signals, the Fed will raise interest rates in their December 13 meeting. So begins the inevitable interest rate hike debate for 2017 of “How much, How Often.”

From a sector perspective last week, most equity sectors finished in the green as the rising tide lifted many boats. Energy, Financials Consumer Discretionary, Technology, and Utilities round up the top 5 sector performance for the week with a respective return of 2.4%, 2.26% 1.86%, 1.35%, and .56%. The only 2 negative sectors were Healthcare with -1.12% return, and consumer staples -.08% return.

As earnings season continued, many firms reported last week, especially from the retail sector. 1 company in particular that surpassed their estimates was Best Buy (BBY). We can take look at the ETF Global ETF Exposure Report to see what ETFs have the most exposure to BBY, and how did they perform this week. The top 2 ETFs based on % exposure to BBY are FTXD, First Trust NASDAQ Retail ETF, and QVAL, ValueShares U.S Quantitative Value ETF, which hold 8.21% and 3.22% respectively. FTXD had a roughly 2% return for the week, while QVAL managed so break even.

In the ETFG weekly Quant Movers, USSD, Wisdom Tree Strong Dollar US equity fund, leads the way with the biggest gain of 13.9%. EEH, Elements spectrum ETN, and ROUS, Lattice US Equity Strategy ETF, were in second and third with a 10.23% and 8.85% gain respectively.  On the other side we have AMJ, JP Morgan Alerian MLP Index ETN, BWV, Ipath CBOE S&P 500 Buy Write Index ETN, and CAPE, Barclays ETN + Shiller Capetm ETN, down 18.58%, 16.19% and 15.74 respectively.

Our Weekly Select List was stable with over 75% of categories maintaining their top 5 leaders. One fund that stood out and made a leap from ranked 4th to first from last week to this week was DEM, WisdomTree Emerging Markets Equity Index Fund, in our High dividend yield category.

Thank you for reading ETFG Global Perspectives!


ETFG 21 Day Free Trialhttps://www.etfg.com/signup/quick

_____________________________________________________________
Assumptions, opinions and estimates constitute our judgment as of the date of this material and are subject to change without notice.  ETF Global LLC (“ETFG”) and its affiliates and any third-party providers, as well as their directors, officers, shareholders, employees or agents (collectively ETFG Parties) do not guarantee the accuracy, completeness, adequacy or timeliness of any information, including ratings and rankings and are not responsible for errors and omissions or for the results obtained from the use of such information and ETFG Parties shall have no liability for any errors, omissions, or interruptions therein, regardless of the cause, or for the results obtained from the use of such information. ETFG PARTIES DISCLAIM ANY AND ALL EXPRESS OR IMPLIED WARRANTIES, INCLUDING, BUT NOT LIMITED TO ANY WARRANTIES OF MERCHANTABILITY, SUITABILITY OR FITNESS FOR A PARTICULAR PURPOSE OR USE.  In no event shall ETFG Parties be liable to any party for any direct, indirect, incidental, exemplary, compensatory, punitive, special or consequential damages, costs, expenses, legal fees, or losses (including, without limitation, lost income or lost profits and opportunity costs) in connection with any use of the information contained in this document even if advised of the possibility of such damages.

ETFG ratings and rankings are statements of opinion as of the date they are expressed and not statements of fact or recommendations to purchase, hold, or sell any securities or to make any investment decisions. ETFG ratings and rankings should not be relied on when making any investment or other business decision.  ETFG’s opinions and analyses do not address the suitability of any security.  ETFG does not act as a fiduciary or an investment advisor.  While ETFG has obtained information from sources they believe to be reliable, ETFG does not perform an audit or undertake any duty of due diligence or independent verification of any information it receives.


This material is not intended as an offer or solicitation for the purchase or sale of any security or other financial instrument. Securities, financial instruments or strategies mentioned herein may not be suitable for all investors.  Any opinions expressed herein are given in good faith, are subject to change without notice, and are only correct as of the stated date of their issue.  Prices, values, or income from any securities or investments mentioned in this report may fall against the interests of the investor and the investor may get back less than the amount invested.  Where an investment is described as being likely to yield income, please note that the amount of income that the investor will receive from such an investment may fluctuate.  Where an investment or security is denominated in a different currency to the investor's currency of reference, changes in rates of exchange may have an adverse effect on the value, price or income of or from that investment to the investor.much, 

h

Monday, November 14, 2016

Reaganomics 2.0: the Markets and the Trump/Republican Sweep

Monday, November 14, 2016 - So much for the popular Wisdom of Crowds and the Science of Polling.  Not since Brexit, has popular opinion supported by “scientific pollsters” been so wrong. While the surprise victory initially led to a broad equity market sell-off overnight mainly by foreigners, by end-of-day Wednesday, the market came back and ended up closing significantly higher with the S&P 500 gaining 3.8 % and the DJIA gaining 5.36% for the week with the latter hitting a new all-time high. Bond ETFs and yield proxies for bonds like High Dividend Equity ETFs, REITS, Utilities and Low Volatility Strategy ETFs took a hit as investors expect rates to rise and the yield curve to steepen. Copper prices rose to their highest level in 16 months in anticipation of new infrastructure spending. The US Dollar rose as well across the board particularly against the Mexican peso which plummeted. It is hard to call a Mexican bottom until White House policies toward Mexican trade policies become clear.

Healthcare, Industrials and Financials were strong performing sectors. We suspect that in a year or two, Wednesday, November 9th will be viewed as an inflection point in the market’s past 8 year paradigm of the Quantitative Easing combined with Fiscal Austerity to one of Reduced Government Regulation and Big Government Fiscal Spending combined with Tax Cuts --- A New Era of Reflation has returned to the markets and with that, the likelihood of inflation, increased aggregate demand and rising interest rates. This is likely to be the new global paradigm as populist movements force changes in government economic policies around the world. Indeed, by Thursday, market strategists began talking of a Trump/ Republican dominated government returning to policies pursued by the late Ronald Reagan’s Supply Side Economics. All this will not occur without periods of heightened volatility.

For investors, this means that markets will be driven more by Federal Fiscal Spending mainly in defense and infrastructure areas, reduced regulation in Financials and Healthcare rather than Federal Reserve policies. Expect less asset class and sector correlations – valuations will increasingly be determined by fundamentals. Financials will likely benefit from regulatory relief and rising interest rates.

Investors may want to peruse our Weekly ETF Equity Select List to note which multi-factor and theme indexed ETFs look particularly attractive. Glancing at the list, we find Financials such as XLFS, IXG and JHMF to have scores of approximately 60 or better. Industrial ETFs such as FIDU, AIRR, and FLM look attractive as well. Infrastructure plays such as PXR and EMIF could benefit as well. Our model continues to rate BioTech ETFs high with BBH, PPH and IBB having the highest ranks in the group although we would not ignore broader Healthcare ETFs like XLS,XLV, FHLC, FTXH and IHF.

Thank you for reading ETF Global Perspectives!

ETFG 21 Day Free Trialhttps://www.etfg.com/signup/quick


______________________________________________________________
Assumptions, opinions and estimates constitute our judgment as of the date of this material and are subject to change without notice.  ETF Global LLC (“ETFG”) and its affiliates and any third-party providers, as well as their directors, officers, shareholders, employees or agents (collectively ETFG Parties) do not guarantee the accuracy, completeness, adequacy or timeliness of any information, including ratings and rankings and are not responsible for errors and omissions or for the results obtained from the use of such information and ETFG Parties shall have no liability for any errors, omissions, or interruptions therein, regardless of the cause, or for the results obtained from the use of such information. ETFG PARTIES DISCLAIM ANY AND ALL EXPRESS OR IMPLIED WARRANTIES, INCLUDING, BUT NOT LIMITED TO ANY WARRANTIES OF MERCHANTABILITY, SUITABILITY OR FITNESS FOR A PARTICULAR PURPOSE OR USE.  In no event shall ETFG Parties be liable to any party for any direct, indirect, incidental, exemplary, compensatory, punitive, special or consequential damages, costs, expenses, legal fees, or losses (including, without limitation, lost income or lost profits and opportunity costs) in connection with any use of the information contained in this document even if advised of the possibility of such damages.

ETFG ratings and rankings are statements of opinion as of the date they are expressed and not statements of fact or recommendations to purchase, hold, or sell any securities or to make any investment decisions. ETFG ratings and rankings should not be relied on when making any investment or other business decision.  ETFG’s opinions and analyses do not address the suitability of any security.  ETFG does not act as a fiduciary or an investment advisor.  While ETFG has obtained information from sources they believe to be reliable, ETFG does not perform an audit or undertake any duty of due diligence or independent verification of any information it receives.


This material is not intended as an offer or solicitation for the purchase or sale of any security or other financial instrument. Securities, financial instruments or strategies mentioned herein may not be suitable for all investors.  Any opinions expressed herein are given in good faith, are subject to change without notice, and are only correct as of the stated date of their issue.  Prices, values, or income from any securities or investments mentioned in this report may fall against the interests of the investor and the investor may get back less than the amount invested.  Where an investment is described as being likely to yield income, please note that the amount of income that the investor will receive from such an investment may fluctuate.  Where an investment or security is denominated in a different currency to the investor's currency of reference, changes in rates of exchange may have an adverse effect on the value, price or income of or from that investment to the investor.

Saturday, November 12, 2016

ETF Global® Portfolio Challenge - Leaderboard

With the 8th week of the Fall 2016 ETF Global® Portfolio Challenge in the books, we would like to take time to recognize our top performers!

In what has been a closely contested but highly volatile competition, here are the top performing students - weekly Leaderboards are available at www.etfportfoliochallenge.com

Contest Leaders
Name
School
Portfolio Return
Kashif Anwer
Rutgers Business School
37.58%
Michelle Gu
University of Chicago
27.93%
Sean Hudson
University of Delaware
25.54%
Edwin Lee
Rutgers University
23.76%
Milos Montes
University of Puerto Rico- Rio Padres
22.75%
Matthew Parks
University of Central Florida
20.93%
Qiuye Dong
Michigan State University
20.93%
Zecheng Wang
University of Michigan
16.87%
Konstantin Ignatov
Essec Business School
12.61%
Yizhi Zhang
Frankfurt School of Finance and Management
12.38%

An analysis of our leaders’ portfolio holdings reveals that our top performers have loaded up on levered products, especially those bearish on gold like JDST and DUST. Use of levered products is limited within the contest but despite the inherent risks, the use of levered products enabled our current leaders to generate staggering short-term profits. Clearly, these bearish wagers on gold have paid off this week with it losing ground over the 5 days of trading.

As illustrated by the above, our current leaders have delivered spectacular portfolio returns. As we have already passed the halfway mark of the performance period, we can see that the Fall 2016 ETF Global Portfolio Challenge will be deeply competitive and we look forward to continue watching the competition unfold, Let’s see who will become the next #etfwizard!

As you consider re-positioning your portfolio, we encourage you to review the ETFG Weekly Select List.  Developed by the Research Policy Committee, the ETFG Select List features the 5 most highly-rated ETFs by Sector, Geographic Region and Strategy each week as ranked by the ETFG Quant model.

Thank you for reading ETF Global Perspectives!

_________________________________________________________________
Assumptions, opinions and estimates constitute our judgment as of the date of this material and are subject to change without notice.  ETF Global LLC (“ETFG”) and its affiliates and any third-party providers, as well as their directors, officers, shareholders, employees or agents (collectively ETFG Parties) do not guarantee the accuracy, completeness, adequacy or timeliness of any information, including ratings and rankings and are not responsible for errors and omissions or for the results obtained from the use of such information and ETFG Parties shall have no liability for any errors, omissions, or interruptions therein, regardless of the cause, or for the results obtained from the use of such information. ETFG PARTIES DISCLAIM ANY AND ALL EXPRESS OR IMPLIED WARRANTIES, INCLUDING, BUT NOT LIMITED TO ANY WARRANTIES OF MERCHANTABILITY, SUITABILITY OR FITNESS FOR A PARTICULAR PURPOSE OR USE.  In no event shall ETFG Parties be liable to any party for any direct, indirect, incidental, exemplary, compensatory, punitive, special or consequential damages, costs, expenses, legal fees, or losses (including, without limitation, lost income or lost profits and opportunity costs) in connection with any use of the information contained in this document even if advised of the possibility of such damages.

ETFG ratings and rankings are statements of opinion as of the date they are expressed and not statements of fact or recommendations to purchase, hold, or sell any securities or to make any investment decisions. ETFG ratings and rankings should not be relied on when making any investment or other business decision.  ETFG’s opinions and analyses do not address the suitability of any security.  ETFG does not act as a fiduciary or an investment advisor.  While ETFG has obtained information from sources they believe to be reliable, ETFG does not perform an audit or undertake any duty of due diligence or independent verification of any information it receives.

This material is not intended as an offer or solicitation for the purchase or sale of any security or other financial instrument. Securities, financial instruments or strategies mentioned herein may not be suitable for all investors.  Any opinions expressed herein are given in good faith, are subject to change without notice, and are only correct as of the stated date of their issue.  Prices, values, or income from any securities or investments mentioned in this report may fall against the interests of the investor and the investor may get back less than the amount invested.  Where an investment is described as being likely to yield income, please note that the amount of income that the investor will receive from such an investment may fluctuate.  Where an investment or security is denominated in a different currency to the investor's currency of reference, changes in rates of exchange may have an adverse effect on the value, price or income of or from that investment to the investor.

Friday, November 11, 2016

Fall 2016 ETP Forum - Featured Speakers/Update

We spoke with our friends at The Expert Series this morning and registrations for the upcoming Fall 2016 ETP Forum are ahead of all previous ETP Forums – they have already registered in excess of 250 attendees, so if you have not registered, please do so ASAP – registration is expected to close at the end of next week.


Complete event information is available at www.etpforum.org
___________________________________________________________

Featured Speakers:
Chris Romano, Director of Research, ETF Global
John Jacobs, Distinguished Policy Fellow, Georgetown University
Mike Castino, Senior Vice President, U.S. Bancorp Fund Services
Jamie Anderson, Managing Principal, Tierra Funds
Andrew Chanin, Chief Executive Officer, PureFunds
JD Gardner, Founder, Aptus Capital Advisors
Dodd Kittsley, Director, Davis Advisors
David Perlman, Exchange-Traded-Fund Sector Strategist, UBS
David Weild, Chairman, Weild & Co.
Max Wolff, Market Strategist, 55 Capital Partners
Nick Colas, Chief Market Strategist, Convergex
Julie Abbett, ETF Sales, JP Morgan
Stephen Hammers, CIO, Victory Capital Management
Matthew Goulet, Vice President, Fidelity SelectCo
Robert Nestor, Head of iShares Smart Beta & Fixed Income Product Strategy, BlackRock
Mark Nordman, ETF Specialist, Principal Global Equities
Jim Pacetti, Director of Marketing, ETF Global
Nathalia Pryce, Director of Marketing & Distribution, SEI Investments
Jeffrey Scott, Director, Virtual Research Center, WorldQuant
Seth Kadushin, Director, Capital Markets, Virtus ETF Solutions
John Bartlett, Portfolio Manager, Reaves Asset Management
Jonathan Stanley, MD - Fixed Income, Newfleet Asset Management
John Cole Scott, Chief Investment Officer, CEFA
Nicholas Antaki, Founder, Antaki International
Craig Siena, Financial Advisor, Stifel
Jason S. Fitz, Private Wealth Advisor, Lincoln Financial Advisors
J. Emmett Towey, Managing Director, Hightower Advisors
Monique Castillo, Financial Advisor, Oppenheimer & Co.
Brad Vopni, Director Capital Markets, Nextshares
Dana D’Auria, Director of Research, Symmetry Partners
Eric Pollackov, Global Head of ETF Capital Markets, Invesco PowerShares
Matthew Tuttle, CIO, Tuttle Tactical Management


About The ETP Forum
This one-day symposium convenes some of the most widely recognized experts in Exchange-Traded-Funds and some of the brightest minds in Capital Management.  The ETP Forum features renowned speakers addressing cutting-edge topics within a vibrant and intimate learning atmosphere.  Now in its 5th year, this semi-annual conference continues to provide thought leadership on one of the most exciting investment vehicles in the market, namely Exchange-Traded-Funds.

We look forward to seeing you there!

Thank you for reading ETF Global Perspectives!

______________________________________________________________
Assumptions, opinions and estimates constitute our judgment as of the date of this material and are subject to change without notice.  ETF Global LLC (“ETFG”) and its affiliates and any third-party providers, as well as their directors, officers, shareholders, employees or agents (collectively ETFG Parties) do not guarantee the accuracy, completeness, adequacy or timeliness of any information, including ratings and rankings and are not responsible for errors and omissions or for the results obtained from the use of such information and ETFG Parties shall have no liability for any errors, omissions, or interruptions therein, regardless of the cause, or for the results obtained from the use of such information. ETFG PARTIES DISCLAIM ANY AND ALL EXPRESS OR IMPLIED WARRANTIES, INCLUDING, BUT NOT LIMITED TO ANY WARRANTIES OF MERCHANTABILITY, SUITABILITY OR FITNESS FOR A PARTICULAR PURPOSE OR USE.  In no event shall ETFG Parties be liable to any party for any direct, indirect, incidental, exemplary, compensatory, punitive, special or consequential damages, costs, expenses, legal fees, or losses (including, without limitation, lost income or lost profits and opportunity costs) in connection with any use of the information contained in this document even if advised of the possibility of such damages.

ETFG ratings and rankings are statements of opinion as of the date they are expressed and not statements of fact or recommendations to purchase, hold, or sell any securities or to make any investment decisions. ETFG ratings and rankings should not be relied on when making any investment or other business decision.  ETFG’s opinions and analyses do not address the suitability of any security.  ETFG does not act as a fiduciary or an investment advisor.  While ETFG has obtained information from sources they believe to be reliable, ETFG does not perform an audit or undertake any duty of due diligence or independent verification of any information it receives.


This material is not intended as an offer or solicitation for the purchase or sale of any security or other financial instrument. Securities, financial instruments or strategies mentioned herein may not be suitable for all investors.  Any opinions expressed herein are given in good faith, are subject to change without notice, and are only correct as of the stated date of their issue.  Prices, values, or income from any securities or investments mentioned in this report may fall against the interests of the investor and the investor may get back less than the amount invested.  Where an investment is described as being likely to yield income, please note that the amount of income that the investor will receive from such an investment may fluctuate.  Where an investment or security is denominated in a different currency to the investor's currency of reference, changes in rates of exchange may have an adverse effect on the value, price or income of or from that investment to the investor.