Monday, September 30, 2019

An Interesting Fall

Monday, September 30, 2019 – The first week of fall got off to a hot start, as House Speaker Nancy Pelosi announced on Tuesday that they will begin impeachment inquiries on President Trump. The Trump administration has yet to issue a formal response to the impeachment inquiries, although Trump has denied any wrongdoing. The stock market reacted to this development, and all the major indices drop accordingly. For the week, the Dow Jones dropped 115 points, down .43%, S&P 500 dropped 1.01%, and the Nasdaq Composite dropped 2.19%. The market has felt the effects recently from President Trump’s impending trade war and with the news of impeachment inquiries this week, the market finished at a negative for the week.

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

ETFG Quant Winners: Checking out this week’s big winners, the ETFG Quant Movers tool shows us that ProShares MSCI Europe Dividend Growers ETF (EUDV), iShares MSCI Finland ETF (EFNL), and Arrow Dogs of the World ETF (DOGS), had the best return and are this week’s winners. They showed gains of 6.82%, 4.87%, and 4.72% respectively.

ETFG Quant Losers: This week’s biggest losers were Sprott Gold Miners ETF (SGDM), Salt HighTrubeta US Market ETF (SLT), and Renaissance IPO ETF (IPO), having a net negative change of 6.67%, 6.51%, and 6.26% respectively. It was easy to see our biggest loser being SGDM, as gold prices fell yet again this week, 3rd week of the month it’s done so.

ETFG Weekly Select List . To best support the ETF selection process, The ETFG Weekly Select List highlights the 5 most highly rated ETFs per Sector, Geographic Region and Strategy as ranked by the ETFG Quant model.

We are going to check out the Natural Resources focused ETFs. Last week, the highest ranked was First Trust Indxx Global Natural Resources Income ETF (FTRI); this week, FTRI fell to the 4th ranked position. We also see that the 4th ranked ETF last week, Global X U.S. Infrastructure Development ETF (PAVE), moved all the way up to the 2nd rank position this week, falling only behind FlexShares STOXXs Global Broad Infrastructure Index Fund (NFRA), which was ranked 2nd place last week.

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