Monday, May 17, 2021 – U.S. equity indexes jumped sharply on Friday but fell short of eclipsing the overall losses for the week as volatility reared its head in a tumultuous trading week. Growing inflation fears were balanced by investors’ mild reaction to the weaker-than-expected April retail sales report.
For the week, the Dow Jones Industrial Average lost 1.1% to 34,382, the NASDAQ Composite Index dropped 2.3% to 13,430 and the S&P 500 Index lost 1.4% to close the week at 4,174.
ETFG Quant Movers - Those ETFs who have had the largest weekly change in their ETFG Quant Total Scores
ETFG Weekly Quant Winners: The three biggest gainers in their ETFG Total Quant Scores were the Franklin FTSE Japan ETF (FLJP) up 12.14 points to 49.51, the iShares Currency Hedged JPX-Nikkei 400 ETF (HJPX) up 10.44 points to 46.53 and the First Trust RiverFront Dynamic Asia Pacific ETF (RFAP) up 10.32 points in its ETFG Quant Total Score to 43.70.
ETFG Weekly Quant Losers: The three biggest losers in their respective ETF Quant Total Scores were the Principal Spectrum Preferred Securities Active ETF (PREF) down 11.49 points to 32,29, the Global SuperDividend US ETF (DIV) down 8.45 points to 45.48 and the iShares MSCI New Zealand ETF (ENZL) down 7.91 points to an ETFG Quant Total Score of 29.54.
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