Monday, January 25, 2021 – After slipping the previous week and despite a drop last Friday, U.S. equities gained further ground as all major U.S. equity indices closed with weekly gains. U.S. equities have posted positive performance for most of this young year, fueled primarily by optimism surrounding the arrival of the Coronavirus vaccines, the political transition, the new stimulus package, and a solid start to the earnings season. For the week, the Dow Jones Industrial Average gained 187.72 points or .59% to close at 30,996.98, the S&P 500 gained 73.22 points or 1.94% to close at 3,841.47 and the NASDAQ Composite picked up 544.56 points or 4.19% to close at 13,543.06.
ETFG Fund Flow Summary - In the world of ETFs, these three products received the largest inflows during the week: iShares Core Total USD Bond Market ETF (IUSB) with $3B, iShares MSCI EAFE Value ETF (EFV) with $2.9B and the Financial Select Sector SPDR Fund (XLF) with $1.3B of net inflows. The SPDR S&P 500 ETF Trust (SPY), iShares Core S&P 500 ETF (IVV) and the iShares iBoxx USD Investment Grade Corporate Bond ETF (LQD) experienced the greatest weekly outflows with $2.7B, $2.3B and $1.5B respectively.
ETFG Quant Movers - Those ETFs who have had the largest weekly change in their overall ETFG Quant ratings which is out of a scale of 1-100.
ETFG Quant Winners: In reviewing the top 3 point gainers in their respective ETFG Quant Model scores for the week, Ivy Focused Growth NextShares (IVFGC) gained 13.38 to 51.40, VanEck Vectors Generic Drugs ETF (GNRX) rose 12.50 to 38.70 and the Vanguard S&P 500 Growth ETF (VOOG) picked up 11.16 points to an overall ETFG Quant score of 41.42.
ETFG Quant Losers: On the flip side, the ETRACS NYSE Pickens Core Midstream (PYPE) dropped 13.92 points to 47.52, the JPMorgan Alerian MLP Index ETN (AMJ) fell 13.56 to 43.92 and the iShares MSCI Thailand ETF (THD) dropped 12.53 to 54.07.
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 highlight a Sector play in Energy that has been a wild ride and currently is recognized by our ETFG Quant model as the highest overall rated Sector.
The iShares Global Energy ETF (IXC) takes the top spot in this category, followed closely by the Energy Select Sector SPDR Fund (XLE) and the SPDR S&P Oil & Gas Exploration & Production ETF (XOP). Rounding out our top 5 in the Energy Sector within this week’s ETFG Weekly Select List are iShares MSCI Global Energy Producers ETF (FILL) and the Invesco S&P 500 Equal Weight Energy ETF (RYE).
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