In the Face of it All, Record Highs

Monday, December 23, 2019 - In the wake of further political tension, impeachment hearings and uncertainties regarding next year’s election, the markets are dancing to the beat of their own drum as once again they are hitting record highs.

For the week, the Dow Jones Industrial Average rose 78 points finishing at a record high of 28,455. The S&P 500 gained 53 points to 3,221 and the Nasdaq Composite also finished up, gaining 190 points to close week at 8,924 both record highs.

In ETFs, we saw 3 funds take in over $1B this week, all of which track the S&P 500. SPY, the SPDRS S&P 500 ETF, led the way gaining over $3.8B in assets for the week. That was followed by RPG, the Invesco S&P 500 Pure Growth ETF and VOO, the Vanguard S&P 500 ETF which gained over $1.6B and $1.2B in assets respectively. In outflows, investors pulled money out of the Invesco Q’s, QQQ, which lost over $1.5B in assets the last week. That was followed by VO, the Vanguard Mid-Cap ETF, which lost over $1.1B, all according to our ETFG Fund Flow Summary.

In the ETFG Quant Movers, we had an assortment of products add the most percent to their overall scores. The VictoryShares International High Dividend Volatility Weighted ETF, CID, gained the most percent to its overall score with the addition of 23.33%. That was followed by the Invesco S&P 500 Equal Weight Utilities ETF, RYU and the SPDR MSCI Emerging Markets Strategic Factors ETF, QEMM, which added 23.13% and 17.64% to their overall Quant scores respectively.

On the loser’s side, we saw Preferred Stock focused ETFs drop their overall scores. This was led by the Global X SuperIncome Preferred ETF, SPFF which lost 16.15% to its overall score. That was followed by the First Trust Preferred Securities and Income ETF, FPE which lost 15.67% to its overall score.

Because of this sector’s success, we’d like to highlight some substantial movement in the Natural Resources portion of this week’s Select List. The FlexShares STOXX Global Broad Infrastructure Index ETF, NFRA and the DJ Brookfield Global Infrastructure ETF, TOLZ held firm at the top two positions respectively. FTRI, the First Trust Indxx Global Natural Resources Income ETF moved up two spots to the 3^rd overall position displacing TBLU, the Tortoise Water Fund which is now the 5^th rank ETF. Coming in 4^th place this week, and keeping its position firm on the list was PAVE, the Global X U.S. Infrastructure Development ETF.

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.