With the prospect of a resolution to the trade war growing bleaker, U.S. stocks failed to register a seventh consecutive week of gains. Following this week's trading activity, the DJIA, S&P 500, and Nasdaq declined 0.5%, 0.3%, and 0.2% respectively.
ETFG Quant Movers – Those ETFs who have had the largest weekly change in their respective, overall ETFG Quant ratings.
ETFG Quant Winners: The ETFs experiencing the largest advances in their ETFG Quant Scores this week were the iShares Currency Hedged MSCI United Kingdom ETF (HEWU), Reality Shares DIVCON Dividend Defender ETF (DFND), Principal Millennials Index ETF (GENY), ProShares Decline of the Retail Store ETF (EMTY), and Arrow Dogs of the World ETF (DOGS).
ETFG Quant Losers: Conversely, the ETFs suffering the biggest drops in their Quant scores this week were the Innovator S&P 500 Ultra Buffer ETF (UJUL), Validea Market Legends ETF (VALX), Invesco Preferred ETF (PGX), BMO Elkhorn DWA MLP Select Index ETN (BMLP), and First Trust Nasdaq Semiconductor ETF (FTXL).
ETFG Weekly Select List - The five most highly rated ETFs per Sector, Geographic Region and Strategy as ranked by the ETFG Quant model.
With U.S.-China trade tensions in focus this week, we'd like to put the spotlight on ETFs within the trade-sensitive Industrials sector. With escalating trade uncertainty clouding the outlook for this sector, here are the top 5 rated Industrials ETF from our Select List that may offer upside potential within this increasingly precarious group - First Trust NASDAQ Global Auto Index Fund (CARZ), Fidelity MSCI Industrials Index ETF (FIDU), John Hancock Multifactor Industrials ETF (JHMI), First Trust Global Engineering and Construction ETF (FLM), and First Trust RBA American Industrial Renaissance ETF (AIRR).
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