Saturday, March 25, 2017

Halftime Leaderboard - ETF Global® Portfolio Challenge

March 25, 2017 – We have reached the halfway point in the Spring 2017 ETF Global® Portfolio Challenge and there has been no shortage of competition thus far.  As our participants continue to jockey for position atop the leaderboard, let’s observe who is in the lead as we enter the second half of the competition.

Spring 2017 ETFG Portfolio Challenge Top 10 – through 3/24

Ethan O’Donnell
St. John Fisher College
Dan Dang
St. John Fisher College
Vlad Shevtsov
University of Georgia
Phat Huynh
St. John Fisher College
Steven Barber
Rochester Institute of Tech
Sagar Jain Prabhakar
University of Manitoba
Catherine St. Clair
St. John Fisher College
Kyle Reid
St. John Fisher College
Jennifer  Amezquita
University of Utah
Cole Smith
St. John Fisher College

A few key takeaways from the first half leaderboard - St. John Fisher College boasts 6 students in the top 10, as it continues its impressive run as the Spring 2017 portfolio challenge’s top performing school!

We have a new leader, with Ethan O’Donnell supplanting Steven Barber for the number one spot this week.  Vlad Shevtsov made his first appearance in the top 5 this week, as he currently sits 3rd overall in the competition. Kyle Reid, Jennifer Amezquita, and Cole Smith all made their debuts in our top 10, ending the week in 8th, 9th, and 10th place respectively.  Jennifer represents the first student from the University of Utah to appear in our leaderboard!

Outperformance this week was powered by bets on precious metals, emerging markets and oil ETPs. Political turmoil helped reverse the Trump market rally and increase the appeal of previously out of favor defensive assets, like precious metals. The flight to defensive assets helped boost ETPs, like Direxion Daily Gold Miners Index Bull 3x Shares (NUGT), VanEck Vectors Junior Gold Miners ETF (GDXJ), and VelocityShares 3x Long Silver ETN (USLV), which were positions held by several students in our top 10.

Amid this domestic upheaval, emerging market assets have outperformed. Our student leaders took advantage of this momentum with positions in ETPs such as Direxion Daily Russia Bull 3x Shares (RUSL), Direxion Daily Brazil Bull 3X Shares (BRZU), and Direxion Daily MSCI India Bull 3X Shares (INDL).

Our leaders also benefited from bearish positions in oil, as swelling U.S. inventories weighed on the price of sector. ETPs like DB Crude Oil Double Short ETN (DTO) and Direxion Daily S&P Oil & Gas Exp. & Prod. Bear 3X Shares (DRIP) were key sources of outperformance for some of our leaders.

Looking ahead into the second half of the portfolio challenge, we expect to continue to see change atop our leaderboard and look forward to seeing who emerges from the competition!

Thank you for reading ETF Global Perspectives!

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