Tuesday, February 19, 2019

Trends Continue...

Tuesday, February 19, 2019 - It was another huge week for Major US Indices as all 3 ended up more than 2%. This continued strength is quite remarkable as earnings season has not been one to write home about and talks of government shutdowns and national emergencies continue to shake main street. For the week, the Dow Jones Industrial Average finished up about 776 points or 3.1% while the S&P 500 gained 61 points or 2.5% and the Nasdaq Composite was up 151 points or 2.4%.

In ETFs, we continue to see outflows in major US index tracked ETFs. IVV, the iShares Core S&P 500 ETF, QQQ, the Invesco Nasdaq ETF and IWD, the iShares Russell 1000 ETF, lost assets of $6.93B, $2.88B and $1.86B respectively in the month of February. In inflows, investors continue to flock to fixed income ETFs with BNDX, the Vanguard International Bond Fund, taking in over $2.48B or over 25% of its AUM in the month of February, all according to our ETFG Fund Flow Summary.

In the ETFG Quant Movers, we saw international based ETPs gain the most percentage points to their overall scores. The CSOP MSCI China A International Hedged ETF (CHNX), the iShares MSCI Canada ETF (EWC) and the Global X Scientific Beta Asia ex-Japan ETF (SCIX) added 10.81, 9.27 and 9.19 to their overall Quant scores respectively.

ETFG Weekly Select List - the 5 most highly rated ETFs per Sector, Geographic Region and Strategy as ranked by the ETFG Quant model.

Because of the Sector’s success in the major indexes this week, we’d like to highlight some substantial movement in Technology when comparing this week’s Select List to last week’s. The First Trust NASDAQ Semiconductor ETF (FTXL) held strong in the first overall spot while the Global X FinTech Thematic ETF (FINX) jumped up three spots to the second overall position. It took over for the First Trust Nasdaq Cybersecurity ETF (CIBR) which got knocked out of the top 5 this week by the ETFMG Drone Economy Strategy ETF (IFLY) which is now in the 4th ranked spot. The SPDR S&P Telecom ETF (XTH) jumped up one spot to the 3rd overall position and rounding out the bottom of the top 5 was the 3D Printing ETF (PRNT).

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