Whether it’s the Federal Government Shutdown, the looming
U.S. Debt Limit crises or a new Federal Reserve Chief nominee, the markets
continue to react and extend their recent losses. The new nominee for Fed Chief, Janet Yellen, while
currently second in command at the Fed Reserve, is potentially an historic
one. If she is confirmed, Yellen would
be the first female Fed Chief in the 100 year history of the Federal Reserve
and the first Democrat in 25 years. She will
certainly be an interesting candidate as her easy money bent is viewed as being
close to that of current Fed Chief Ben Bernanke but may also place her up against
the general viewpoints of the majority of other Fed policy makers.
Our models here at ETF Global too have reacted to the
markets and all that is transpiring here and abroad in the news and appear to recognize
opportunities around the globe. A week
ago, ETFG Quant maintained all but one of its top 10 daily rankings outside the
U.S. Today, several of those same top-ranked
international and global ETFs remain in the top 10 but with revised
rankings.
Atop the rankings with a perfect Green Diamond Reward Rating
of 10 out of 10 is FXI, the
iShares China Large Cap ETF. Second
ranked is the Emerging Markets Asia ETF from iShares, EEMA and following that is EEM the iShares Emerging
Market India ETF.
In the middle of the Top 10 Daily Rankings, we see continued
opportunity internationally and in one domestic sector. This next leg includes GXC (SPDR S&P China ETF),
INXX (Emerging Global India
Infrastructure Fund), EWY (iShares
South Korea Capped ETF) and XOP
SPDR S&P Oil and Gas Exploration ETF.
Finally, rounding out the remaining slots in today’s Top 10
Rankings are VGT (Vanguard
Information Technology ETF), GMF
(SPDR S&P Emerging Asia Pacific ETF) and PXE (PowerShares Dynamic
Energy Exploration and Production Portfolio)
Each of the Ticker symbols above directly connect to an ETFG Tearsheet on that ETF, so
please be sure to click through and check out any of these Top 10 in which you
may have interest. For a preview of
tomorrow’s topic, please take a look at the ETFG Grey Market Report and
the ETFG
S&P Grey Market Summary which reflect the Ownership and Average Daily Trading
Volumes in the underlying equities generated by Exchange-Traded-Products. This is a tool that has been used actively by
our CIO, Portfolio Manager and other Asset Management Clients during their portfolio
construction process.
Thank you for reading ETFG Daily Perspectives.
No comments:
Post a Comment
Note: Only a member of this blog may post a comment.