ETF investing, Portfolio Strategy, Deep Value
Contributor Since 2018
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Monday, December 3, 2018 – It seems as though the markets awoke from a holiday hangover in great spirits. The week capped off as one of the best that all 3 major US indices had in years. It was also a big week at the ETP Forum (www.etpforum.org) as we had one of our most successful conferences ever with over 490 attendees throughout the day. Many of the speakers at our conference discussed why the markets were pointing higher and where they believe they will go by year end - please check out the videos on the event site next week to see their respective forecasts.
For the week, the Dow Jones Industrial Average gained over 1,200 points to 25,538 while the S&P 500 rose 4.8% to 2,760. The Nasdaq Composite jumped the highest on a percentage basis for the week as Tech stocks caught a bit of relief. It rose over 5.6% to 7,330.
In ETFs, Emerging markets and Treasuries saw some of the greatest inflows in the month of November, according to our ETFG Fund Flow summary. One of the ETFs that took in the biggest flows was IEMG, the iShares Core MSCI Emerging Market ETF. In the month of November, IEMG took in over $3.24B or about 8% of its AUM. SHY, which is iShares 1-3 year Treasury Bond ETF, has followed suit with inflows of over $1.8B, or about 17% of its AUM.
In the ETFG Quant Movers, we saw sector based ETPs gain the most percentage points to their overall scores. The Invesco Dynamic Pharmaceutical ETF (PJP) and iShares Global Telecom ETF (IXP) added 11.15% and 11.00% to their overall Quant scores respectively.
In the loser’s column, we saw emerging markets ETPs dropping some percentage points to their overall score. The iShares MSCI Emerging Markets Asia ETF (EEMA), Invesco Emerging Markets Infrastructure ETF (PXR) and the iShares Edge MSCI Min Vol Emerging Markets ETF (EEMV)lost 10.63%, 9.59% and 9.24% to their overall scores respectively.
Because of the sector’s success in the major indexes this week, we’d like to highlight some substantial movement in the Global portion when comparing this week’s Select List to last. The iShares Global Healthcare ETF (IXJ) jumped up two spots to be the top ranked fund in the sector. It took over for the iShares Global Consumer Staples ETF (KXI) which is now in the 3rdranked spot. The iShares Global 100 ETF (IOO) held steady at the 2nd spot for two consecutive weeks while the VanEck Vectors Biotech ETF (BBH) moved into the 5th spot knocking the Invesco Shipping ETF (SEA) off the list.
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Disclosure: I/we have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.
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