Turn Up

Monday April 1, 2019 - Stocks ended the week and the quarter on a high note, rising globally. The S&P 500 recorded its strongest quarterly performance in a decade, rising 13% and leaving the index 3% off its all-time high. Following the recent decrease in longer-term yields, the Treasury yield curve remained partially inverted at the start of the week, with yields on three-month Treasury bills trading higher than 10-year note yields. However, longer-term bond yields halted their decline and began to rise a bit Wednesday suggesting that the recession fears that often accompany yield curve inversions may have subsided a bit. On Friday, the yield curve returned to an upward slope over the three-month to 10-year range, which may have been one factor in the market’s rally to end the week. The S&P 500 finished the week up 33.69 points, DJIA was up 426.36 points and the NASDAQ Composite rose 86.65 points.

ETFG Quant Movers – those ETFs who have had the largest weekly change in their respective, overall ETFG Quant ratings:

ETFG Quant Winners: This week’s biggest gainer was iShares MSCI Australia ETF (EWA) up 7.43 points to an ETFG Quant score of 57.99, iShares Russell Mid-Cap Value ETF (IWS) rose 6.92 points to 46.33. John Hancock Multifactor Industrials ETF (JHMI) gained 6.56 points to rise to a Quant score of 60.48. Rounding out the top five are Invesco Water Resources ETF (PHO) and iShares Currency Hedged MSCI Australia ETF (HAUD) were up 6.52 and 6.45 points respectively.

ETFG Quant Losers: This week’s biggest loser was SPDR MSCI ACWI ex-US ETF (CWI) dropping 9.31 points to an ETFG Quant score of 40.81, Invesco India ETF (PIN) fell 8.49 points to 37.35. iShares Core S&P U.S. Growth ETF (IUSG) was down 8.26 ending the week with a Quant score of 49.87. Rounding out the bottom five are Oppenheimer International Revenue ETF (REFA) and Global X Scientific Beta Europe ETF (SCID) falling 8.10 and 8.05 points respectively.

ETFG Weekly Select List - the five most highly rated ETFs per Sector, Geographic Region and Strategy as ranked by the ETFG Quant model. Because of the sectors success on the 1W Quant Rating of the ETFG Heat Map, we’d like to highlight some substantial movement in the Consumer Staples Sector when comparing this week’s Select List to last. iShares Global Consumer Staples ETF (KXI) and Invesco S&P SmallCap Consumer Staples ETF (PSCC) retained the top two spots from last week showcasing their popularity in the sector. Consumer Staples Select Sector SPDR Fund (XLP) made the biggest jump in the sector, moving from fifth to third this week. Finally, John Hancock Multifactor Consumer Staples ETF (JHMS) and iShares US Consumer Goods ETF (IYK) both dropped down one spot to fourth and fifth on the sector Select List. After a strong Q1 performance keep an eye on these Consumer Staples ETFs as we continue on to Q2 and beyond.

Thanks 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.