A Second Vaccine

Monday, December 21, 2020 - On the news of approval for Moderna’s coronavirus vaccine, major U.S. Indexes finished the week in the green. The U.S. is planning on pairing this roll out with the already approved Pfizer vaccine which not only investors, but the world, is hoping will be the beginning of the end for this pandemic.

For the week, the Dow Jones Industrial Average finished up .4% points closing at 30,179. The S&P 500 rose 1.3% to 3,663 while the Nasdaq Composite was the big winner for the week closing up 3.1% to 12,756.

ETFG Fund Flow Summary – In ETFs, we saw outflows from some factor-based products. DGRW, the WisdomTree U.S. Quality Dividend Growth Fund, lost over $737M in assets during this week. That was followed by QUAL, the iShares MSCI USA Quality Factor ETF, which shed about $424M in assets. In inflows, we saw investors move their assets into some of the largest equity index-based ETFs in the marketplace. VXF, the Vanguard Extended Market Index Fund ETF, gained over $4.9B in AUM. That was followed by SPY, the State Street SPDR S&P 500 ETF, which gained over $3.2B in assets.

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

Because of this strategy’s success, we highlight some substantial movement in the Industrials portion of this week’s Select List to last. The iShares U.S. Industrials ETF, IYJ, took over the 1^st overall spot moving the iShares U.S. Aerospace & Defense ETF, ITA, down to the second overall spot. Holding steady in 3^rd, 4^th and 5^th were the same ETFs that were in those positions last week. JETS, the U.S. Global Jets ETF held steady in 3^rd while FLM, First Trust Global Engineering and Construction ETF and AIRR, the First Trust RBA American Industrial Renaissance ETF held steady at 4^th and 5^th.

This week, we will pay close attention to the news from Congress that the Senate has approved the next round of stimulus to help the American people battered from the Coronavirus. We will continue to learn more about the bill throughout the week but expect investors and the markets to greet the news with optimism.

Thanks for reading ETF Global Perspectives and have a great week!

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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.

First Vaccine Arrives

Monday, December 14, 2020 - Major U.S. Indexes finished the week slightly down as talks for the next stimulus package, due to the coronavirus, continue to stall in Congress. This negative news was paired with positive news coming from the FDA who approved the first vaccine for the Coronavirus. The vaccine will start to be administered this week to the most at-risk populations in the U.S., keeping the markets to such limited losses. For the week, the Dow Jones Industrial Average lost roughly 47 points closing at 30,046. The S&P 500 lost 4 points to 3,663 while the Nasdaq Composite lost roughly 27 points to close at 12,377.

ETFG Fund Flow Summary - In ETFs, we saw outflows from some of the largest fixed income products. LQD, the iShares iBoxx Investment Grade Corporate Bond ETF, lost over $2.3B in assets during this week. That was followed by HYG, the iShares iBoxx High Yield Corporate Bond ETF, which shed about $1.8B in assets. In inflows, we saw investors move their assets into some of the largest equity based ETFs in the Marketplace. VTI, the Vanguard Total Market ETF, gained over $1.8B in AUM. That was followed by IVV, the iShares Core S&P 500 ETF, which gained over $1.1B in assets.

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

Because of this strategy’s success, we highlight some substantial movements in the Health Care sector of this week’s Select List to last week's. The SPDR S&P Biotech ETF, XBI, and the iShares Nasdaq Biotechnology ETF, IBB, both held steady at the first and second spot, respectively.

Moving up two spots into the 3^rd highest ranked was, BBC, the Virtus LifeSci Biotech Clinical Trials ETF. Coming in 4^th was a new comer to the list, CNCR, the Loncar Cancer Immunotherapy ETF while PBE, the Invesco Dynamic Biotechnology & Genome ETF moved back two spots to round out the list at 5^th place.

This week, we will pay close attention to the news coming out of Congress on the relief package as well as any further news on the Coronavirus vaccines. One other piece of interesting news for ETFs is that Tesla will be making its way into the S&P 500 this coming Friday. This can spell huge news for the stock with the massive inflows expected into some of the largest ETFs.

Thanks for reading ETF Global Perspectives and we hope you have a great week!

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.

Early Holiday Season Gains

Monday, December 7, 2020 – Last week, the major equity indices once again performed well, despite some economic data that would have suggested otherwise. The U.S. jobs report on Friday fell far short of expectations, as November only added 245,000 workers, well below the estimate of 440,000. The Dow Jones finished the week at 30,218.26, the S&P 500 closed at 3,699.12, and the Nasdaq closed at 12,464,23, which are weekly gains of 1.03%, 1.67%, and 2.12% respectively. Optimism of Congress stepping in and passing another stimulus bill has been brewing in the marketplace, which perhaps is one of the biggest drivers in the week’s gains despite the weak jobs report and Coronavirus cases continually rising in the country.

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

ETFG Quant Winners: We highlight the top 5 Gainers by percentage from this past week. CCOR, FFTY, EEMD, BLCN, and BFOR placed on the top 5 this week, posting % gains of 27.58%, 20.86%, 20.10%, 19.51%, and 18.27% respectively. Worth noting here is CCOR, an actively managed ETF that primarily holds large-cap U.S. stocks, which could be a broad reflection of the performance of the U.S. stock market, and where it will continue to trend during the holiday season.

ETFG Quant Losers: On the % Losers side of the ETFG Quant Movers, the top 5 losers this week were PFFD, JMOM, SPXE, XT, EMTY, which posted % losses of -67.11%, -67.04%, -63.90%, -61.26%, -56.43% respectively. One ETF worth pointing out here is XT, which carries emerging markets securities, and could be a sign on something happen in that sector of the market.

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

This week, our focus will be in ‘Geography.’ Two tickers worth pointing out are RVF (Invesco S&P MidCap 400 Pure Value ETF) and CLIX (ProShares Long Online/Short Stores ETF), both of which moved from 2^nd place the previous week to 1^st place this week in their respective ‘Mid-cap’ and ‘Long/Short’ sub-focuses.

Thank you 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.