Monday, January 27, 2020

Pervasive Virus Fears

Monday, January 27, 2020 - Growing concerns over the spread of the deadly coronavirus led all three major indexes to post losses for the week, as investors focused on the adverse global economic implications of this disease outbreak. These declines mark a departure from the steady rise upwards that stocks have experienced to start this year amid an easing of global trade tensions and encouraging economic data. For the week, the DJIA, S&P 500 and NASDAQ shed 1.2%, 1.0, and 0.8% respectively. These losses snapped the streaks of two-week gains for the DJIA and S&P and six-week gains for the NASDAQ.

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 ETFG Quant Total Score were the Cushing 30 MLP Index ETN due June 16 2037 (PPLN), Sprott Gold Miners ETF (SGDM), Invesco Dynamic Leisure and Entertainment ETF (PEJ), First Trust Brazil AlphaDEX Fund (FBZ), and iShares Currency Hedged MSCI Spain ETF (HEWP).

ETFG Quant Losers: The ETF experiencing the steepest weekly declines were the JPMorgan Alerian MLP Index ETF (AMJ), iPath S&P MLP ETN (IMLP), WisdomTree India Earnings Fund (EPI), SPDR MSCI Emerging Markets StrategicFactors ETF (QEMM), and VictoryShares International High Div Volatility Wtd ETF (CID).

ETFG Weekly Select List - The five most highly rated ETFs per Sector, Geographic Region and Strategy as ranked by the ETFG Quant model.

With the coronavirus outbreak dominating this week's headlines, we'd like to bring attention to the ETFs that our models favor in the increasingly turbulent Asia-Pacifc region - 1) iShares MSCI South Korea ETF (EWY), 2) iShares MSCI Malaysia ETF (EWM), 3) First Trust Chindia ETF (FNI), 4) Global X MSCI China Information Technology ETF (CHIK), and 5) Global X MSCI China Health Care ETF (CHIH).

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