Monday, October 3, 2016

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.

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