In ETFs, we saw significant
inflows in some bond ETFs over the past month. LQD, iShares iBoxx USD
Investment Grade Corporate Bond ETF, gained about $4.62B in assets. That was
followed by SHV, the
iShares Short Treasury Bond ETF, which gained over $4.15b in assets. In outflows,
investors sold shares of international ETFs. EFA, iShares MSCI EAFE ETF,
lost over $1.45b over the month of June. EWJ, iShares MSCI Japan ETF,
lost over $595m, all according to our ETFG Fund Flow Summary.
In the ETFG Quant Movers, small
cap ETFs gained the most points to their overall scores. The AlphaMark Actively
Managed Small Cap ETF, SCMP,
and the Legg Mason Small-Ca Quality ETF, SQLV, added 7.98% and 7.17% to
their overall Quant scores respectively. On the loser’s side, we saw
international ETFs. The Invesco International Revenue ETF, REFA and the Global X DAX
Germany ETF DAX lost 8.45
and 8.30 to their overall 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 the Telecommunications portion when comparing this week’s Select
List to last. The Fidelity MSCI Telecommunications Services Index ETF, FCOM, moved up one spot to take the first overall position on
the list. This knocked the iShares US Telecommunications ETF, IYZ out of first
place and into 3rd. VOX, the Vanguard
Communication Services ETF, moved up one spot and into 2nd place this
week. XLC, the SDPR Communications
Services ETF, remained in the 4th position. A new addition to the list this week was XTL, The SPDR
S&P Telecom ETF which is now in 5th place. It knocked off IXP, iShares
Global Telecom ETF.
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