Positive earnings and revenue reports from Target (TGT), Lowe’s (LOW), and Home Depot (HD) helped consumer discretionary shares outperform the broader market. In ETF related news, Fixed income ETFs continued to gather assets this week. Schwab U.S. TIPS ETF (SCHP) and Vanguard Short-Term Inflation-Protected Securities ETF (VTIP) topped the flow charts each gaining over $500 million in AUM. Also benefiting from the economic fears and low yields was the SPDR Gold Trust (GLD).
ETFG Quant Movers – Those ETFs who have had the largest weekly change in their respective, overall ETFG Quant ratings.
ETFG Quant Winners: The top five gainers in Quant Total Score in order were US Equity Dividend Select ETF (RNDV), Global X MSCI Pakistan ETF (PAK), Vanguard FTSE Europe ETF (VGK), Barclays Return on Disability ETN (RODI) and SPDR S&P Kensho Future Security ETF (FITE).
ETFG Quant Losers: Honorable mentions in the loser category were ProShares Russell 2000 Dividend Growers ETF (SMDV), iShares MSCI Chile ETF (ECH), WisdomTree Japan Multifactor Fund (JAMF), First Trust Energy AlphaDEX Fund (FXN) and Main Sector Rotation ETF (SECT). The reasons for the drop-in quant score for these funds is obvious as behavioral scores and global factors came into play.
ETFG Weekly Select List - The five most highly rated ETFs per Sector, Geographic Region and Strategy as ranked by the ETFG Quant model.
Considering the sector’s success, we’d like to highlight some substantial movement in the Consumer Discretionary portion when comparing this week’s Select List to last. Invesco Dynamic Retail ETF (PMR) held onto the 1st place position while SPDR S&P Retail ETF (XRT) jumped from 4th to 2nd place. ProShares Decline of the Retail Store ETF (EMTY) claimed 3rd followed by Columbia Emerging Markets Consumer ETF (ECON) and SPDR S&P Homebuilders ETF (XHB) respectively.
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