Perhaps driven by newfound concerns over future interest rate increases, last week every sector had a negative return, unlike the previous week where every sector was in the green. The worst performing sectors were Energy, Materials and Healthcare which was down 6.52%, 5.66%, and 5.02% respectively. Energy stocks’ loss was due to the lower-than-expected earnings results from leaders Chevron and ExxonMobil. Healthcare shares dropped after news that Amazon, Berkshire Hathaway and JPMorgan were planning to establish a healthcare provider for their US employees - a new threat that may cut the profits of current healthcare providers.
ETFG Equity Exposure ReportIn the ETF Global exposure report, we can see what ETFs have the biggest exposure to Chevron. There is 17.66 Billion of Chevron stock that is held in all ETFs. ERGF, iShares Edge MSCI Multifactor Energy ETF, XLE, Energy Select Sector SPDR Fund, and VDE, Vanguard Energy ETF, have the biggest concentration in Chevron. They hold 17.94%, 16.48% and 14.9% respectively.
ETFG Quant MoversThis week, in the ETF Global Quant Movers, EZA, iShares MSCI South Africa ETF had the largest score increase of 29.35%, PXH, Powershares FTSE RAFI Emerging Markets Portfolio, increased by 23.69% and EWI, iShares MSCI Italy Capped ETF, increased by 22.98%. On the flip side, PEY, Powershares High Yield Equity Dividend Achievers Portfolio, lost 20.53% DTN, WisdomTree Dividend Ex-Financials Fund, lost 15.53% and SILJ, ETFMG Prime Junior Silver ETF, lost 15.04%.
ETFG Weekly Select List - In the ETF Global Select List this week the biggest gainers in their respective categories were IXP, iShares Global Telecom ETF, which went from 4th to first this week in the Telecommunications category and SPDW, SPDR Portfolio World ex-US ETF, which also moved from 4th to first this week in the Global Ex-U.S category.
It could be an eventful week in the markets after Friday’s plunge. Please consult our Quant Model for daily updates to Ratings and Rankings.
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.