Wednesday, September 26, 2012

September 26:
Renewed fears out of Europe and skeptical comments from a Fed member about the prospects of QE3 were enough to send the major average down about 1% percent yesterday.  Philly Fed president Charles Plosser says the new bond buying program is unlikely to boost growth and Quant still favors the more liquid and inflation sensitive areas of the stock market.  Notable movers after yesterday’s action included the iShares Dow Jones U.S. Basic Materials Index Fund (IYM) gaining 99 spots to number 16 and the Guggenheim BRIC ETF (EEB) which went from 223rd place all the way up to 52nd.  Yesterday we looked at sectors represented in Quant’s top 100, today we look at countries.  That BRIC fund is one of 2 and Brazil has another (BKF and EWZ).  Nothing above 166 for Russia but India has 2 (INDY and EPI) and China has 4 (FXI, GXC, YAO and PGJ) with the first two in the top 5.  Europe has 9 (FEZ in first place today, FEU, ESR, EWQ, EWG, EWI, EWP, EWL, and EWU) the first two being pan-European and the others country specific.  Rounding out the list we see Australia (EWA), Canada (CNDA), Chile (ECH), Hong Kong (EWH), Indonesia (EIDO), Japan (EWJ), Mexico (EWW), South Africa (EZA), South Korea (EWY), and 53 funds devoted to the good old USA, down from 60 the day before.  If you are looking to invest in something other than Bernanke’s depreciating dollar that should give you plenty of ideas to consider.  Check out our Tear Sheets for each one and if you want to see deeper into our ratings, look under the Research button where the ETFG Quant screen will expand on the Reward Ratings and the Red Diamond Risk Rating screen will expand on that.  If you have any questions or need a walk through our offerings feel free to contact us at and we’ll be happy to help.

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