For the week, the Dow Jones Industrial Average gained 243 points, or 0.9% closing at 26,816. The S&P 500 gained about 0.6% to 2970 and the Nasdaq Composite also finished up, gaining 0.9% to close the week at 8,057. The news that helped was an act of good faith between the two most powerful nations in the world. China agreed to buy more goods from the United States and the US decided it would not enact any further tariffs, as originally stated.
In ETFs, we saw inflows into some of the largest products on the market place. SPY, the SPDRS S&P 500 ETF, gained over $1.5B in assets for the week. That was followed by IWM, the iShares Russell 2000 ETF, which gained over $830M in assets. In outflows, we saw investors pull money out of sector-based ETFs. IYR, iShares US Real Estate ETF, lost over $266M in the last week. That was followed by JXI, the iShares Global Utilities ETF, which lost over $177M, or about half of its net assets, all according to our ETFG Fund Flow Summary.
In the ETFG Quant Movers, we an assortment of products ass the most percent to their overall scores. The VictoryShares US Discovery Enhanced Volatility WTD ETF, CSF, gained the most percent to its overall score with a roughly 35% increase. That was followed by the Fidelity International Value Factor ETF, FIVA, and the First Trust Switzerland AlphaDEX Fund, FSZ, which added 23.67% and 23.25% to their overall Quant scores respectively.
On the loser’s side, we saw market cap focused ETFs drop their overall scores. This was led by the iShares Micro-Cap ETF, IWC, which lost 18.60% to its overall score. That was followed by the Vanguard S&P Mid-Cap 400 Growth ETF, IVOG and the Vanguard Small-Cap Growth ETF, VBK, which lost 15.47% and 13.91% to their overall scores respectively.
Because of this sector’s success, we’d like to highlight some substantial movement in the Consumer Discretionary portion of this week’s Select List to last week’s. The SPDR S&P Retail ETF, XRT, and the ProShares Decline of the Retail Store ETF, EMTY, held strong in the first and second positions respectively. They were followed by the VanEck Vectors Gaming ETF, BJK, which knocked the iShares Evolved U.S. Media and Entertainment ETF, IEME totally out of the top 5. IBUY, the Amplify Online Retail ETF and the First Trust Consumer Discretionary AlphaDEX Fund, FXD, were added to the 4th and 5th positions of the list. They knocked out the Invesco Dynamic Retail ETF, PMR and the SPDR S&P Homebuilders ETF, XHB.
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
Post a Comment
Note: Only a member of this blog may post a comment.