And into 4Q,,,

After a volatile week, a Friday rally erased the losses from the previous days and the domestic equity markets ended on a high note eking out minor gains across the board. With the Fed deciding to stay pat, the world found other sources of anxiety such as the U.S Presidential debate (priceless but tough to watch) and the new Deutsche Bank crisis. The top 3 performing sectors this week were the Financial, Consumer Staples and the Healthcare Sector. The Dow Jones ended the week with a .3% gain, the S&P 500 at .2%, and NASDAQ at .1%.

With the big news coming from worries over Deutsche Bank and its potential need for a financial bailout, we take a look at our ETF Exposure Report which reflects those ETFs that hold DB and what amount of DB’s market capitalization is held by these ETFs. We can see that the biggest holdings of DB stock are HEWG, IShares Currency Hedged MSCI Germany ETF, which holds 1.53%, EWG, IShares MSCI Germany ETF, which hold 1.52% and DBGR, Deutsche X-Trackers MSCI German Hedged Equity Fund, which hold 1.49%. As expected for these 3 ETFs, there was a lot of volatility throughout the week but by the end of the week, they all had experienced small gains. HEWG increased by 1.39%, EWG increased by 1%, and DBGR increased by 1.4%.

This week in our ETF Quant Mover section we saw SCIX (Global X Scientific Beta Asia ex-Japan ETF), QKOR (the SPDR MSCI South Korea Strategic Factors ETF), and PHO (the Powershares Water Resources Portfolio ETF) as the top 3 gainers in the ranking. They gained 10.84, 10.17, and 9.43 respectively.  Like last week, 2/3 of these ETFs are equities focused in the Asia-Pacific region.

The biggest drops in the ETF Quant Movers this week are HFEZ, the SPDR Euro Stoxx 50 Currency Hedged ETF, AXJV, IShares Edge MSCI Min Vol Asia Ex Japan ETF, and EQWM, Powershares Russell Midcap Equal Weight Portfolio. These 3 ETFs dropped in their ETFG Quant Score by 11.37, 11.21 and 10.17 respectively.

Our Weekly Select List saw huge turnover.  Over 50% of the categories had a new number 1 this week and there were a few ETFs that went from unranked to number 1 in their respective categories. IEFA, iShares Core MSCI EAFE ETF, was our number 1 rated developed market ETF and DGRS, WisdomTree U.S. SmallCap Dividend Growth Fund, was our highest rated High Dividend Yield ETF.

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.