Monday, July 31, 2017

All in a Week

Monday, July 31, 2017 - Corporate earnings, FOMC rates decision and commentary, an unavailing health care debate, a tumultuous White House staff shake-up, U.S. Q2 GDP reading and an updated IMF global growth forecast helped govern this week's market action. With over half of the S&P companies having reported earnings by Friday's close, second quarter earnings are on pace to beat consensus estimates by 6.4% and rise 9.1% year-over-year.

Largely upbeat corporate earnings were accompanied by the Fed's July meeting, in which it decided to hold rates steady, signaled its intention to begin trimming its balance sheet, and conveyed some concern about recent underwhelming inflation numbers. The fed's increasingly cautious stance towards tightening monetary policy was interpreted as dovish by investors and supportive of equities in the near-term. Meanwhile, the collapse of the health care debate in the Senate and a chaotic week in the West Wing further clouded the outlook for growth-fueling tax changes and infrastructure spending. Lastly, an improved 2.6% second-quarter GDP growth reading was counterbalanced with a tepid inflation reading and downgrade to the US's growth outlook to 2.1% by the IMF.

All these developments provided a mixed backdrop for stocks this week and helped sustain the current Goldilocks environment. The DJIA outperformed the NASDAQ, as strong earnings from companies like Boeing helped it outpace its tech-heavy counterpart, which was dragged down by a selloff in technology shares. The DJIA finished the week up 1.2%, while NASDAQ slipped 0.2% and the S&P 500 was largely flat, falling less than 0.1%.

ETF Global Fund Flow Summary - Amid a week of robust earnings and an increasingly cautious fed, U.S. equity-based ETFs experienced heavy inflows, to the tune of $4 billion. Additionally, with a weakening dollar and improving global growth outlook, international equities continued to attract attention, as investors plowed $2 billion into the sector. Leading the week in inflows was the SPDR S&P 500 ETF Trust (SPY), drawing nearly $6 billion in fresh assets, followed buy iShares Core MSCI EAFE ETF (IEFA), which captured $734 million in inflows. Other S&P and large-cap based products were popular among investors, with the iShares Core S&P 500 ETF (IVV), iShares S&P 500 Growth ETF (IVW), and iShares Russell 1000 ETF (IWB) finishing the week 4th, 5th, and 6th in inflows, with $398, $303, and $289 million respectively in creations. Lastly, as the dollar continued its descent, international fixed-income ETPs denominated in local currencies became an attractive play, as the VanEck Vectors J.P. Morgan EM Local Currency Bond ETF (EMLC) ended the week 10th in inflows, with over $210 million in fresh assets. Conversely, as growth expectations lowered in the tech sector, the NASDAQ-100 tracking PowerShares QQQ Trust (QQQ) lead the week in outflows with nearly $2.6 billion in redemptions.

Another busy week is in store for the markets, as 130 companies from the S&P 500 are scheduled to report second quarter earnings. This, along with July's job report and the continued fallout from a White-House shake-up and healthcare setback, will likely command the attention of investors in the upcoming week.

Thank you for reading ETF Global Perspectives.

ETFG 21 Day Free Trial:  https://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, July 26, 2017

MILITARY TIMES BEST FOR VETS INDEX℠

Congratulations to our friends at Track One, Wilshire Associates and the Military Times on the below....

WILSHIRE EXPANDS CUSTOM CLIENT ‘POWERED BY WILSHIRE’ INDEX SUITE, ANNOUNCES AVAILABILITY OF MILITARY TIMES BEST FOR VETS INDEX

-- Track One’s Index Seeks to Measure Performance of Companies Most Supportive of Veterans

SANTA MONICA, Calif., July 19, 2017 – Wilshire Associates (Wilshire®) today announced the availability of a new custom client Powered by Wilshire℠ index, the Military Times Best for VETS Index℠. Created and owned by Track One Capital Services and calculated by Wilshire, the index is designed to measure performance of public companies most supportive of military veterans, service members and their families as identified by the Military Times Best for Vets: Employer annual rankings.

The annual employer rankings, upon which the index is based, leverage results of a broad survey effort which began in 2010 and incorporates metrics such as company culture, policies and reservist accommodations to compute an overall company score. The Military Times Best for VETS Index is constructed of those public companies that score highest, carry a market capitalization of $200 million or more, and have been included in the annual list for at least three consecutive years.

“Wilshire Analytics is extremely proud to help fuel this veteran-friendly Powered by Wilshire index offering from Track One. Wilshire’s calculation and analytical expertise combined with Track One’s innovative rules-based approach to measuring performance of companies most supportive of military veterans demonstrates the value of a Powered by Wilshire approach, which can help clients bring new investment index strategy ideas to market quickly,” commented Michael R. Kennedy, managing director at Wilshire Associates.

"We have for many years recognized the unique skill sets that our military veterans bring to the workplace. The Military Times Best for Vets Index now demonstrates the measurable benefit that these organizations reap," said Joseph Gelin of Track One Capital Services. "We consider the Military Times to be the most well-respected and authoritative brand with the veteran community and we are thrilled to be partnering with them and Wilshire."

For more information about the Military Times Best for VETS Index, please visit https://wilshire.com/indexes/poweredbywilshire/military-times-best-for-vets-index.


About Wilshire Associates
Wilshire Associates, a leading global financial services firm, provides consulting services, analytics solutions and customized investment solutions to plan sponsors, investment managers and financial intermediaries. Its business units include, Wilshire Analytics, Wilshire Consulting, Wilshire Funds Management and Wilshire Private Markets.

The firm was founded in 1972, providing revolutionary technology and acting as an early innovator in the application of investment analytics and research to investment managers in the institutional marketplace. Wilshire also is credited with helping to develop the field of quantitative investment analysis that uses mathematical tools to analyze market risks. All other business units evolved from Wilshire’s strong analytics foundation.

Wilshire developed the Wilshire 5000 Total Market Index and became an early innovator in creating integrated asset/liability analysis/simulation models as well as practical models in risk budgeting through beta and active risk analysis. Wilshire has grown to a firm of approximately 300 employees serving the needs of investors around the world.

Based in Santa Monica, California, Wilshire provides services to clients in more than 20 countries representing more than 500 organizations with assets totaling approximately US $8 trillion.* With ten offices worldwide, Wilshire Associates and its affiliates are dedicated to providing clients with the highest quality counsel, products and services. Wilshire® is a registered service mark of Wilshire Associates Incorporated. Powered by Wilshire℠ is a service mark of Wilshire Associates Incorporated.

Please visit www.wilshire.com for more information.
Follow us on Twitter: @WilshireAssoc

About Track One Capital Services
Since its inception in 2004, Track One Capital has provided strategic direction, leadership and capital to a select group of financial services companies. With an Investment Committee comprised of industry experts all with C-Suite, operating experience, Track One seeks unique opportunities to combine organic and inorganic growth for its portfolio companies within the financial services arena. The firm maintains offices in Los Angeles and New York.

Please visit www.trkone.com for more information.
Please direct all inquiries to info@trkone.com

Wilshire Media Contact:
Lisa Herbert
310-899-5325 (O)
310-728-5341 (C)

Track One Media Contact:
Eric Alexander
917-579-8055

Monday, July 24, 2017

Waning Momentum?

Monday, July 24, 2017 - Synchronized tightening of global monetary policies, a botched GOP healthcare overhaul and an intensifying FBI probe into Trump-Russia dealings have created an environment that is seemingly inimical to further equity gains. These recent unfavorable developments ostensibly pose a formidable threat to the underpinnings of the post-election rally.

However, despite waning pro-growth policy momentum, U.S. stocks continue to hit records this past week as major equity indexes continue to hover near records despite being confronted by this increasingly precarious political backdrop. Better than expected corporate earnings appear sufficient for now in the eyes of investors to surmount these political obstacles. The S&P 500, Nasdaq Composite, and Russell 2000 all registered record highs this week, finishing Friday's action at 2,471.54, 6,387.75, and 1,435.84 respectively. The Dow ended the week at 21,580.07, as it continues to remain near record territory.

ETFG Fund Flow Summary - As U.S. equity benchmarks soared to record highs, investors correspondingly poured money to their index-tracking ETF counterparts. iShares Core S&P 500 ETF (IVV) was the top asset-gathering fund this week, attracting $2.6 billion of inflows. PowerShares QQQ Trust (QQQ), the NASDAQ 100-tracking ETF, finished the week 5th in inflows with over $663 million in fresh assets. Global large-cap equities, which have experienced similar record gains, continue to attract fresh inflows. iShares MSCI Emerging Markets ETF (EEM) and Vanguard FTSE Developed Markets ETF (VEA) ended the week 6th and 7th in ETF creations, with over $596 and $546 of inflows.

ETFG Quant Movers - Amid continued investor enthusiasm for equities, our quant model is sending out a contrarian signal. Several large-cap equity funds appeared on our top weekly quant losers list. Topping the funds that experienced the largest weekly quant score declines was the iShares Russell 1000 ETF (IWB), followed by iShares Core S&P 500 ETF (IVV). Although fervor for U.S. equities remains resolutely high, our quant model signals reason for caution.

As we enter the final week in July, in which the FOMC is gathering for its July meeting and the preponderance of S&P 500 companies are set to report second quarter earnings, it will be interesting to see if investors continue to ignore political headlines and if this supportive corporate earnings backdrop continues to persist.

Thank you for reading ETF Global Perspectives.

ETFG 21 Day Free Trial:  https://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, July 17, 2017

Summer Time Highs

Monday, July 17, 2017 - Last week was again another good week for the market - the S&P 500 and Dow Jones Industrial Average both reached record highs this week. The Dow Jones ended up gaining 1%, S&P 500 gained 1.4%, and NASDAQ did the best with a 2.6% increase. This week every sector posted gains except financials which was down by .52%.  Technology, Energy, and Materials lead the way with 3.36%, 2.17%, and 2.05%.

Janet Yellen made her semiannual testimony in front of Congress on Wednesday reiterating that the Fed was not going to tighten monetary policy. She expects a tightening labor market to lead to increased inflation. This was despite the inflation data released on Friday which reflected that inflation remained flat in June.

Trading volume on Thursday slowed down in anticipation of Friday, the start of the second quarter's earnings season. Several major banks released their 2Q earnings of which one was JP Morgan Chase - we'll skip the already well-publicized CEO rant. Their 2nd quarter earnings rose by 13% on Net Income of $7 billion. EPS were $1.82, outperforming the $1.59 estimated by analysts. The ETF Global exposure report shows that the biggest holders of JPM are  IYG, iShares U.S Financial Services ETF, XLF, Financial Select Sector SPDR Fund, and FNCL, Fidelity MSCI Financials Index ETF.  These products hold 12.01%, 10.79%, and 8.98% respectively. All 3 funds had roughly the same performance of .3% for the week.

ETFG Weekly Select List features the 5 most highly-rated ETFs by Sector, Geographic Region and Strategy as ranked by the ETFG Quant model. This week we had one ETF, JHMA John Hancock Multifactor Materials ETF, in the Basic Materials category move from being unranked last week to the top spot this week.  JETS U.S. Global Jets ETF was another big mover in the industrial category moving from 4th to 1st this week.

ETFG Quant Movers - the biggest movers this week were HAHA, CSOP China 300 A-H Dynamic ETF which had a  score increase by  19.15%, EPOL iShares, MSCI Poland Capped ETF which increased by  18.73%, and VXUS, Vanguard Total International Stock ETF which increased by 18.37%. On the other side of the spectrum, we had SEA, Guggenheim Shipping ETF, have the score dropped by 30.28%. XAR, SPDR S&P Aerospace & Defense ETF, lose 17.34%, and ACTX Global X Guru Activist Index 16.25%.

Thank you for reading ETF Global Perspectives.

ETFG 21 Day Free Trial:  https://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.

Tuesday, July 11, 2017

ETF Global Portfolio Challenge partners with Jobs in ETFs

July 11, 2017 (New York, NY) – ETF Global® (www.etfg.com), a leading, independent provider of data, research, investment decision support applications and proprietary risk analytics for Exchange-Traded-Products announced today a strategic partnership with Jobs in ETFs which will be featured through the ETF Global® Portfolio Challenge.

The ETF Global® Portfolio Challenge was recently recognized by the Financial Communications Society with a Silver award for Corporate Image, Digital Media - Apps & ToolsSince its inception in the Fall of 2015, this competition has expanded its presence to include thousands of students from over 300 universities in 27 countries on 6 continents.

“We are excited to partner with Jobs in ETFs to showcase the burgeoning employment opportunities available to interested candidates within Exchange-Traded-Funds.” said Russell Minetti, who leads the ETF Global Portfolio Challenge at ETFG. “We share the same vision of providing our participants with the vast and robust career paths unfolding within ETFs.”

This strategic partnership presents an opportunity for participants in ETFG’s worldwide, virtual investment contest to seamlessly access the broad suite of career opportunities available on the Jobs in ETFs platform. The partnership between ETF Global and Jobs in ETFs creates a single-click conduit for players with interest in the fast growing world of Exchange-Traded-Funds.

“The ETF Global Portfolio Challenge is a worldwide platform dedicated to educating the next generations of investors and investment professionals,” said Claud Mitrache, Managing Partner of Jobs in ETFs. “Through this partnership we will continue to connect talented candidates to career opportunities within the exciting ETF industry. We are thrilled to partner with ETF Global.”

Jobs in ETFs comprehensive platform of career opportunities will be available under the Careers tab at www.etfportfoliochallenge.com – please visit this contest site for more information.


About ETF Global
ETF Global® (ETFG®) is a leading, independent provider of data, research, investment decision support applications, proprietary risk analytics and educational offerings for Exchange-Traded-Products.  The ETFG research platform, which is driven by the ETFG Multi-Factor, Quantitative Model (ETFG Quant), supports the overall investment process with a variety of strategies and applications to pursue return, manage risk, utilize investment analysis and generate investment ideas.

ETF Global services three primary client communities:

·     Investment Professionals: Financial Intermediaries, Financial Advisors, Investment Consultants, Financial Planners, Insurance Professionals, Annuity Professionals, Certified Public Accountants, Attorneys, Private Bankers, Private Wealth Managers

·     Capital and Middle Markets:  Capital Markets Desks, Trading Desks, Execution Management Systems, Order Management Systems, Algorithmic Trading Firms, Liquidity Providers

·      Institutional Investors: Asset Owners and Managers, Pension Funds, Endowments, Foundations, Family Offices, Hedge Funds, Mutual Funds, Commercial Banks, Insurance Companies, Broker-Dealers, Private Banks

Founded in 2011, the firm is headquartered in New York and maintains offices in both New York City and Pittsburgh, PA.  More information about ETF Global and our services, applications and products is available throughout our site, here at www.etfg.com.


About Jobs in ETFs
Jobs in ETFs is the world's first ETF career platform specialized in growing the Exchange-Traded-Funds industry, educating and inspiring fresh as well as established talent. We want to make missed career opportunities a thing of the past! Our mission is to inspire and motivate ETF professionals globally to achieve their career goals and ensure Employers and Industry Talent are connected so that when opportunities arise, neither of them miss an opportunity.

Visit our flagship website www.jobsinetfs.com  to see who is hiring, follow companies and access career-specific content and exclusive interviews.


Media Contacts:

Russell Minetti
ETF Global®
O: +1-212-223-3834

Claud Mitrache
Jobs in ETFs
USA: 1 (646) 5833 055
M: 44 (0) 7532 068 759

Monday, July 10, 2017

Summer Time

Monday, July 10, 2017 - With a half day last Monday and Fourth of July on Tuesday, trading volumes were significantly lower this past week perhaps exacerbating a rough day on Thursday for the S&P as it recorded its worst loss since May.  On Friday, the Department of Labor reported that in June the US had added 220,000 jobs which was higher than expected, average hourly earnings had increased and that US manufacturing activity had hit its highest level in 3 years. On the back of this news, the S&P rebounded to end the week with a small gain of .1% - the Dow Jones Industrial rose .3% and the NASDAQ gained .2%.  Financials and Industrials were the best performing sectors with gains of 1.54% and .81% respectively.  Energy and Real Estate were the 2 worst performing sectors losing 1.4% and 1.52%.

This week it was announced that Bankrate (RATE) agreed to be acquired for $1.4 billion by Red Ventures, a privately held company. Using the ETF Global exposure report we can see the biggest holders of RATE. The top 3 holders of (RATE) are PBS, Powershares Dynamic Media Portfolio, which holds 3.7%, Global X Fintech Thematic ETF, which holds 1.55%, and XITK, SPDR Factset Innovative Tech ETF, which holds 1.2%.

The ETFG Select List had 3 new top ETFs in their respective categories that weren’t in the top 3 last week. PEJ, Powershares Dynamic Leisure & Entertainment Portfolio, in the Consumer Discretionary category moved from 4th last week to first this week, INDF, iShares Edge MSCI Multifactor Industrials ETF in the Industrials category went from 5th to first, and  EEM, iShares MSCI Emerging Markets ETF, in the Emerging Markets category moving up from fourth last week.

The ETFG Quant Movers section on the biggest winners side, we have FITS, Health and Fitness ETF, which has a 24.64% score increase, RTH, Van Eck Vectors Retail ETF, a 21.71% increase, and LIT, Global X  Lithium ETF, which gained 20.42%. The biggest losers this week were OLD, The Long-Term Care ETF, which lost 18.18%, GREK, Global X MSCI Greece ETF, which lost 16.61%, and GRES, IQ Global Resources ETF, which lost 15.58%.

ETFG Fund Flows - In our Fund Flow section we can get an idea of which ETFs are getting the most inflows and outflows for the month. This month the top 3 ETFs with the most inflow IVV, IEFA, and AGG which added $3B, $3B and $2.3B respectively. The greatest outflows for last month were from QQQ, IWD, and GDX which had outflows of $2.8B, $740M and $660M.

Thank you for reading ETF Global Perspectives.

ETFG 21 Day Free Trial:  https://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.

Thursday, July 6, 2017

3Q Rebalance – ETF Global® Dynamic Model Portfolios

Thursday, July 6, 2017 - With the recent rebalance on July 3rd, we continue to see a large overweight to Small and Mid-cap exposures, with a slight tilt to both Value and Momentum within the domestic allocations. Direxion NASDAQ 100 Equal (QQQE) and JP Morgan Diversified Return US Mid Cap (JPME) were added while Powershares QQQ trust (QQQ) and Guggenhiem S&P Small Cap 600 Equal Weight (EWSC) were removed from the portfolios.

The value tilt continues in the International allocations with iShares MSCI EAFE Value (EFV) replacing iShares MSCI EAFE (EFA). Exposure to Europe was reduced as SPDR Euro STOXX 50 (FEZ) was replaced with iShares Edge MSCI Multifactor International (INTF) and iShares MSCI Spain (EWP) was replaced with iShares MSCI Canada (EWC). A slight overweight to Asia held as iShares South Korea (EWY) stayed in the models.

Franklin Liberty Q Emerging Markets (FLQE) replaced iShares MSCI Emerging Markets (EEM) within the Emerging Equity allocations. The Asian tilt continued here but got a little broader as First Trust ISE Chindia (FNI) replaced iShares China Large-Cap (FXI).

Most of the tilts and overweightings from last quarter continued into this quarter's allocations; however, we are seeing more "Factor" based products providing those exposures.

For more information on the ETF Global Dynamic Model portfolios, please visit http://www.etfg.com/about-model-portfolios

Thank you for reading ETF Global Perspectives.

ETFG 21 Day Free Trial:  https://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, July 5, 2017

ETF Global to Sponsor "Summer in the City" Conference July 19-20


What
: The “Summer in the City” 5th Annual CSR Investing Summit consists of an all-day conference followed by a morning workshop. For this year’s event, speakers and panelists will explore investment risks that go beyond market or systematic risk, including resource risk, geopolitical risk, and regulatory risk. Utilizing a multi-dimensional perspective, participants will examine ways to quantify and defend investments against such risks.

The conference will feature eight panels addressing a diverse range of topics related to CSR investing, including high-conviction investing and ESG, ESG in Latin America and the Caribbean, water as an asset, investing with American values, Carbon emissions’ impact on financial performance, the politics of sustainability, and more.

Georg Kell, Vice Chairman of Arabesque Asset Management and Founding Executive Director of UN Global Compact will be making a special presentation in the afternoon session, “Seventeen Years of ESG: From Concept to Integration.”

Bruno Bertocci, Managing Director at UBS Global Asset Management, will provide an update regarding the Task Force on Climate-related Financial Disclosures (TCFD). Chaired by Michael Bloomberg, TCFD aims to promulgate voluntary, consistent climate-related financial risk disclosures so that companies may better measure and respond to climate change risks, aligning disclosures with investors’ needs.

The July 20th workshop will consist of three sections. First will be a screening of the documentary film Planetary presented by associate producer Jeffrey Gitterman. Next will be a discussion of climate risk and its meaning for institutional investors, led by the Washington-based think tank Climate Advisers. The final portion will be an overview of ESG — its history, case studies and applications.

When: Conference on Wednesday, July 19th (8:00 AM to 6:30 PM) and Workshop on Thursday, July 20th (8:00 AM to 12:00 PM).

Where: 30th floor of the Thomson Reuters Building at 3 Times Square, New York.

Why: The “Summer in the City” CSR Investing Summit presents a forum for engaging with thought leaders and discussing their points of view on how to define, manage, and measure responsible investing. The conference includes expert practitioners who are plan sponsors, endowments, consultants, academics, non-governmental organizations, the sell side, and media. Attire is informal and networking is encouraged.

How: Registration is open at http://www.csrinvestingsummit.org. To obtain your 25% discount on any ticket, use the coupon code: n3tw0rk

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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.