Bounce Back

Monday, June 10, 2019 – Stocks registered a four day string of solid gains to put the finishing touches on the best week of 2019. The S&P 500 Index had its best week of the year, ending within 3% of its all-time high, while the Dow Jones Industrial Average escaped its longest weekly losing streak since 2011. Much of the week’s gains came Tuesday, which marked the best daily performance for the major benchmarks so far this year. The catalyst appeared to be remarks from Federal Reserve Chairman Jerome Powell at a central bank conference, in which he pledged that policymakers were paying close attention to the impact of trade tensions on the economy and would act as appropriate to sustain the expansion. This anticipation of the Fed cutting interest rates later this year helped stocks move higher at the end of the week. All major sectors rose on the week, led by a surge in Basic Materials and in Technology. The Dow Jones Industrial Average rose 263 points to 25,984, the S&P 500 Index increased 30 points to 2,873 and the Nasdaq Composite gained 127 points to 7,742.

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 winner was iShares U.S. Infrastructure ETF (IFRA) gaining 10.54 to finish with a Quant Score of 56.74. Hartford Global Impact NextShares Fund (HFGIC) finished a close second gaining 10.38 points to move up to a Quant Score of 55.66. Vanguard U.S. Quality Factor ETF (VFQY) moved to a Quant Score of 54.53 after posting a 9.89 increase. Rounding out the top five were Reality Shares DIVCON Dividend Guard ETF (GARD) and AAM S&P 500 High Dividend Value ETF (SPDV) gaining 9.77 and 9.50 respectively.

ETFG Quant Losers: This week’s biggest loser was Xtrackers Harvest CSI 500 China A-Shares Small Cap ETF (ASHS) dropping 11.64 points to a Quant Score of 45.13. At a distant second and third were Pacer Trendpilot US Mid Cap ETF (PTMC) and VictoryShares US Discovery Enhanced Volatility Wtd ETF (CSF) down 7.82 and 7.75 respectively. iShares MSCI Emerging Markets Small Cap ETF (EEMS) fell 6.67 points to 41.29 and Invesco KBW Bank ETF (KBWB) rounded out the bottom five losing 6.32 points to move to a Quant Score of 41.20.

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 Sector’s success on the 1W Quant Rating of the ETFG Heat Map, we’d like to highlight some substantial movement in the Natural Resources Sector when comparing this week’s Select List to last. First Trust Index Global Natural Resources Income ETF (FTRI) fell from first to third making way for FlexShares STOXX Global Broad Infrastructure Index Fund (NFRA) and Global X U.S. Infrastructure Development ETF (PAVE) to take the top two spots in the Natural Resources Select List. DJ Brookfield Global Infrastructure ETF (TOLZ) dropped to the four spot while newcomer SPDR S&P North American Natural Resources ETF (NANR) rounded out the sector Select List. With the sector as a whole posting a strong week, investors should consider these ETFs when reviewing their portfolios.

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.