Monday, September 11, 2017

We Will Never Forget











Monday, September 11, 2017 - After two straight weeks of positive gains, stocks fell during the abbreviated holiday week. Financials dragged down the broader indexes as the worst performing sector losing -2.7%, followed by Technology and Consumer discretionary losing 1.28%, and 1%. It wasn’t all bad however as HealthCare, Energy and Utilities managed positive returns this week of 1.61%, 1.29% and 1.02%. Overall, the Dow Jones Industrial Average dropped by .9%, S&P 500 dropped by .6%, and NASDAQ dropped by 1.2%.

Most news this week was headlined by the aftermath of Hurricane Harvey and the ongoing warnings of Hurricane Irma who has arrived a week after Hurricane Harvey, which dropped a record 50 inches of rain along portions of the Texas Gulf Coast. The financial toll of these two storms could be several hundred billion dollars which of course doesn’t look promising for Property and Casualty Insurance companies.

In the ETF Global equity exposure report we can see how much of a Property & Casualty Company is held by various ETFs. As an example, let’s examine one of the bigger insurance companies, Allstate Corp. (ALL) to see its exposure within ETFs. $1.9B of Allstate is held within 144 ETFs, 1.9B and the ETFs that have the greatest exposure to Allstate are KBPW, Powershares KBW Property & Casualty Insurance Portfolio, which holds 8.04%, IAK, Ishares U.S Insurance ETF, which holds 5.04%, and RWW, Oppenheimer Financials Sector Revenue ETF, which holds 2.41%.

ETFG Quant Movers - This week in the ETF Global Quant Movers, the biggest gainers included SCIN, EGSHARES India Small Cap ETF, XTH, SPDR S&P Technology Hardware ETF, and SMEZ, SPDR EURO STOXX Small Cap ETF - their Quant scores increased by 20.71%, 19.64% and 19.1% respectively. On the flip side, the biggest losers in our quant score this week were AMZA, Infracap MLP ETF, ONEQ, Fidelity NASDAW Composite INDEX Tracking Stock ETF and BTAL Quant Shares US Market Neutral Anti-Beta Fund. Each fund lost 26.15% 19.19%, and 18.53% respectively.

ETFG Weekly Select List - With the short week, there wasn’t a lot of movement on the ETF Global Weekly Select List - 80% of number 1 ranked ETFs in their respective categories maintained their number 1 spot. However, in a week without a lot of variance, 2 Funds stood out:  XWEB, SPDR S&P Internet ETF, went from unranked to first in the Technology Category while ESGD, iShares MSCI EAFE ESG Select ETF, went from fourth to first this week in the Theme category.

ETF Fund Flows - With August behind us. we can look at the ETF Global Fund Flow tab to see which ETFs had the greatest inflows in August. Not surprisingly, the biggest inflows by dollar amount last month were SPY, IVV and VEA with inflows of 2.35B, 2.16B and 1.97B. In terms of percentages last month, the biggest inflows were HCRF, iShares EDGE Multifactor Healthcare ETF, HUSE, US Market Rotation Strategy ETF and Deutsche X-Trackers FTSE Developed ex US  Comprehensive Factor ETF with inflows of 180%, 117% and 115%.

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.

No comments:

Post a Comment

Note: Only a member of this blog may post a comment.