Tensions continue to rise between the U.S and
China. China announced its consideration of creating tariffs on U.S. exports,
with the Trump administration countering
with an announcement of higher tariffs on an additional $200 billion in Chinese
imports clearly worrying investors of potential inflation and the hindering of economic
growth.
The rebalancing of one of the most widely followed indexes, the
FTSE Russell drove record 1.2 million shares worth over $39 billion to be traded
in less than a second on Friday during Nasdaq’s close. It was announced
that General Electric would no longer be part of the index being replaced by
Walgreens Boots Alliance (WBA). After the announcement Walgreens gained 5.2%. In
the ETFG Equity Exposure Report, we
can see which funds have the greatest exposure to WBA. RTH, Vaneck Vectors
retail ETF, has 4.69% weight of WBA,
XLP, Consumer Staples Select Sector SPDR Fund, which holds 3.94% of WBA, and
PKW, Invesco BuyBack Achievers ETF, which has
3.87% of WBA.
This week, in the ETFG
Quant Movers, the biggest gainers were SCHA, Schwab US Small CAP ETF, which
gained 26.34% in their ETFG Quant score, REMX, Van Eck Vectors Rare/Earth
Strategic Metals ETF, which gained 19.78%, and IQDE Flexshares International
Quality Dividend Index Fund, which
gained 18.76%. On the flip side, VTV, Vanguard Value ETF, ETFG Quant
score decreased by 18.47%. VCR, Vanguard Consumer Discretionary ETF decreased
by 18.08%, and HFXE, IQ 50 percent hedged FTSE Europe ETF, decreased by 18.07%.
In the ETFG Select List,
we had FDVV, Fidelity Core Dividend ETF, go from being unranked last week to be
the number 1 scored fund in the High Dividend Yield category. XLP, Consumer
Staples Select Sector SPDR Fund, went from being number 5 rated last week to
number 1 this week in the Consumer Staples
category. UTLF iShares Edge MSCI Multifactor Utilities ETF, went from
being 4 last week to 1 this week in the Utilities category.
Thanks for reading ETF Global Perspectives!
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