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!

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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.

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!

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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. 

Thanksgiving Gains

Monday, November 30, 2020 - It was a short but productive week for the markets. One bit of news that helped stocks surge was President-elect Biden’s plan to name former Federal Reserve chair Janet Yellen the head of the Treasury Department. Yellen, head of the Federal Reserve from 2014-2018, has a proven track record of economic expansion and is being welcomed warmly by investors. Another big piece of news to drop this week was the third vaccine, this one from AstraZeneca, showing promise from trials (70% effective on average). While not as highly effective as its constituents in Pfizer or Moderna, 70% efficacy is still very promising, and investors acted accordingly, as what appears to be another crucial step in the right direction of ending the Coronavirus pandemic.

Overall on the week,  the Dow Jones gained 2.21% this week (646.89 points), the S&P 500 gained 2.27% on the week, and the Nasdaq rose 2.96% this week, and they closed at 29,910.37, 3638.35, and 12,205.85 respectively.

ETFG Quant Movers: Those ETFs with the largest weekly change in their respective ETFG Quant Fundamental Score ratings.

ETFG Quant Winners: This week, our top 5% Gainers were IVW, IJT, VETS, HAP, VBK, which showed percentage gains of 56.19%, 54.69%, 54.45%, 45.24%, 42.35% respectively. What’s worth noting here is that that top 2 movers, IWV and IJT, are ETFs that track US equities, and seeing what strong of a week the US major indices had this week, it would make sense to see these two ETFs here.

ETFG Quant Losers: On the % Losers side, our 5 biggest losers this week were PGF, EWL, IHE, MOM, and SLX. These 5 ETFs showed % losses of -39.68%, -34.03%, -30.31%, -27.89%, and -26.72% respectively. What’s interesting to note here is that, the two top ETFs here, PGF, and EWL, are ETFs that have heavy interesting in foreign securities, and seeing that the US markets outperformed the rest of the world this week, we can see why ETFs that track foreign securities wouldn’t perform as well.

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, we take a look at the Sector category, and compare last week’s placements to this week’s. A couple of ETFs worth highlighting are PEJ (Invesco Dynamic Leisure and Entertainment ETF) which moved from 3^rd place to 1^st place this week in the Consumer Discretionary sub-focus, and KBWD (Invesco KBW High Dividend Yield Financial ETF) which went from unranked last week to 1^st place this week in the Financials sub-focus.

Thank you for reading ETF Global Perspectives!

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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.

Holiday COVID Spike

Monday, November 23, 2020 - Sharply rising numbers of COVID-19 cases, hospitalizations, and deaths led to some near-term pessimism on Wall Street, tempering the long-term optimism spurred by positive developments on vaccines. The S&P 500 ended the week down 0.8%, while the Dow dropped 0.7%. The tech-heavy Nasdaq ended the week slightly up, posting a 0.2% gain.

After posting eye-popping gains in earlier stages of the pandemic, tech stocks have taken a tumble in recent weeks, as studies of vaccines from Pfizer and Moderna Inc. showed positive results. When approved and mass produced, these vaccines could allow for normal life to resume at some point in 2021, boosting much of the economy, but also reducing the need for the pandemic technology solutions that have driven some stocks to unprecedented highs this year.

This week threw some cold water on that long-term COVID-19 optimism, as signs emerged that the months before vaccines are widely available could be rough. As the U.S. passed the grim milestone of 250,000 deaths from the virus, rising outbreaks were being reported in many U.S. states and throughout the world. The New York City public school system, the nation’s largest, announced a return to remote learning, and the number of jobless claims rose for the first time in 5 weeks.

ETFG Quant Movers: Those ETFs with the largest weekly change in their respective ETFG Quant Fundamental Score ratings.

ETFG Quant Winners: This week, we focus on notable movement in the ETFG Quant Behavioral Scores. The biggest increase was charted by the First Trust Health Care AlphaDEX Fund (FXH), followed by the VanEck Vectors Steel Index Fund (SLX), the Schwab Emerging Markets Equity ETF (SCHE), the SPDR Portfolio Emerging Markets ETF (SPEM), and the Columbia Sustainable International Equity Income ETF (ESGN).

ETFG Quant Losers: The ETFs with the biggest decreases in their ETFG Quant Behavioral Scores for this week are the iShares US Regional Banks ETF (IAT), the Invesco KBW Bank ETF (KBWB), the iShares International Select Dividend ETF (IDV), the iShares Core Dividend Growth ETF (DGRO) and the Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF (GSLC).

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

As Europe contends with its own COVID-19 resurgence, an EU recovery package has been blocked by Hungary and Poland. Negotiations continue over that 1.8 trillion Euro package, as well as post-Brexit trade agreements.

In this rapidly changing environment, our Select List has identified several opportunities in Europe-focused ETFs. Topping the list this week is the SPDR STOXX Europe 50 ETF (FEU). Two dividend funds take the next spots. They are the First Trust Stoxx European Select Dividend Index Fund (FDD) and the WisdomTree Europe SmallCap Dividend Fund (DFE).

Closing out the list are the iShares MSCI Turkey ETF (TUR) and the iShares MSCI Austria ETF (EWO).

Thank you for reading ETF Global Perspectives!

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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.

Vaccine = Optimism

Tuesday, November 17, 2020 - Promising studies of COVID-19 vaccines have led to a surge of optimism on Wall Street, driving both the Dow Jones Industrial Average and the S&P 500 to all-time highs.

Investors were buoyed last week by Pfizer and BioNTech’s announcement that their COVID vaccine recorded 90% effectiveness in a large study. On Monday, a preliminary analysis of Moderna Inc.’s vaccine found it 95 percent effective in a clinical trial.

While the health care sector is responsible for the rally, the benefits are being shared across broad swaths of the market, with companies that would benefit most from a full economic reopening, including airlines and cruise lines, standing out as the biggest winners. Meanwhile, Zoom Video Communications Inc. saw declines, along with other technology companies that have charted big gains during the pandemic.

ETFG Quant Movers: Those ETFs who have had the largest weekly change in their respective ETFG Quant Fundamental Score ratings.

ETFG Quant Winners: We’re seeing some big changes in the Quant Fundamental Scores of ETFs. Topping the list is the Large Cap Growth Index-Linked ETN (FRLG), Principal Spectrum Preferred Securities Active ETF (PREF), BMO Elkhorn DWA MPL Select Index ETN (BMLP), AGFiQ US Market Neutral Momentum Fund (MOM), and AGFiQ US Market Neutral Anti-Beta Fund (BTAL).

ETFG Quant Losers: The ETFs with the biggest declines in their Quant Fundamental Scores are Oppenheimer S&P Ultra Dividend Revenue ETF (RDIV), Proshares Equities for Rising Rates ETF (EQRR), ETRACS Alerian MLP Infrastructure Index ETN (MLPI), Global X MLP ETF (MLPA), and Goldman Sachs ActiveBeta U.S. Small Cap Equity ETF (GSSC).

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

With its work to address COVID-19 driving the markets to all-time highs, this week we will focus on the Health Care Sector. Topping that sector for the week in our ETFG Quant Model’s analysis is the SPDR S&P Biotech ETF (XBI).

The next three spots on the list are all ETFs specifically focused on pharmaceuticals. They include: VanEck Vectors Pharmaceutical ETF (PPH), Invesco Dynamic Pharmaceuticals ETF (PJP), and First Trust Nasdaq Pharmaceuticals ETF (FXTH). Rounding out this week’s top 5 in the Health Care sector is The Organics ETF (ORG).

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.

Election Turmoil

Monday, November 9, 2020 – Stocks continued their ascent this past week, as the cloud of uncertainty over the 2020 elections slowly began to clear with Joe Biden appearing to emerge as the victor. Amongst unprecedented election turmoil, the prospect of a divided government appears to have brought some comfort to investors, with this scenario lowering the likelihood of increased regulatory burdens, an overhaul of the tax code, and other major policy changes. Additionally, with Friday's job report showing 638,000 jobs were added in October and that unemployment fell to 6.9%, the economy reaffirmed that it is trending in the right direction.

With these events bringing some relief to markets, stocks posted their best weekly performance since April, when they were just beginning their recovery from the pandemic-induced trough. For the week, the DJIA, S&P 500, and Nasdaq rose 7.3%, 6.9%, and 9.0% respectively.

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

ETFG Quant Winners: From 1-5, the ETFs posting the largest RTFG Quant score gains this week were the Dorsey Wright Micro-Cap ETF (DWMC), ETFMG Alternative Harvest ETF (MJ), WBI BullBear Yield 1000 ETF (WBIG), WBI BullBear Value 1000 ETF (WBIF), and First Trust RiverFront Dynamic Asia Pacific ETF (RFAP).

ETFG Quant Losers: Conversely, the ETFs that experienced the largest declines in their ETFG Quant scores this week were the iShares S&P 500 Growth ETF (IVW), WisdomTree China ex-State Owned Enterprises Fund (CXSE), Cambria Core Equity ETF (CCOR), First Trust Dorsey Wright Focus 5 ETF (FV), and ERShares Entrepreneur 30 Fund (ENTR).

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

With markets now largely pricing in a Biden presidency, our weekly Select List reveals some interesting candidates of beneficiaries under this scenario. A look at our top-rated thematic ETFs captures some of the segments of the economy whose prospects would be boosted under a Biden presidency.

Currently, our highest scoring thematic ETFs are SPDR Kensho Clean Power ETF (XKCP), iShares U.S. Infrastructure ETF (IFRA), Barclays Women in Leadership ETN (WIL), iShares Emerging Markets Infrastructure ETF (EMIF), Robo-Stox Global Robotics & Automation Index ETF (ROBO). The themes in this list - environmental protection/renewable energy, diversity & inclusion, and infrastructure/increased government spending - capture the shift in policies priorities from our (likely) previous administration to our incoming one.

Use our weekly Select List to monitor how market-moving events, like the election, may change the outlook for different sectors, geographies, and strategies/themes and their corresponding ETFs.

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