/Movement Below the Water Line

Movement Below the Water Line

Monday, May 3, 2021 – Another week passed with
little movement in the overall domestic, equity indexes, as investors appeared to
take in stride a variety of significant occurrences and announcements.  On the domestic policy front, the Biden Administration
advocated their position for higher taxes with initiatives that included
infrastructure spending and family-focused programs. The 1Q 2021 Gross Domestic
Product data reflected a whopping 6.4% annualized growth rate but came in slightly
below the 6.5% expectation, leaving the markets primarily without major impact.

Even positive earnings reports that reflected big growth from
the three largest companies (AAPL, MSFT & AMZN) didn’t seem to move the
needle, despite their respective substantial growth numbers. Given the disproportionate
weighting of these big companies within the respective indexes like the S&P
500, it’s easy to see the lack of movement in the overall markets.

For the week, the DJIA finished down 0.5% to 33,874.85, the
S&P 500 finished up one point (0.02%) to 4,181.17 and the Nasdaq fell 0.4%
to 13,962.68.

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 Invesco S&P SmallCap Utilities ETF (PSCU)
which added 15.71 points to 56.56, the Global X Gold Explorers ETF (GOEX) which
gained 13.13 points to 42.25 and the VanEck Vectors Video Gaming and eSports ETF (ESPO) which
added 11.32 to its ETFG Overall Quant Score of 50.35.

ETFG Weekly Quant Losers: The three biggest losers in
their respective ETF Quant Total Scores were the SPDR S&P MidCap 400 ETF Trust (MDY) which dropped 12.36 points to 36.94,
the Principal Spectrum Preferred Securities Active ETF (PREF) which lost 10.03 points to 34.98
and the Innovator S&P Investment Grade Preferred ETF (EPRF) which dropped 9.46 points to an ETFG
Quant Overall Score of
35.18.

Thanks for reading ETF Global Perspectives and 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.

This publication has been prepared for general
guidance on matters of interest only and does not constitute professional
advice. You should not act upon the information contained in this publication
without obtaining specific professional advice. No representation or warranty
(express or implied) is given as to the accuracy or completeness of the
information contained in this publication, and, to the extent permitted by law,
ETF Global does not accept or assume any liability, responsibility or duty of
care for any consequences of you or anyone else acting, or refraining to act,
in reliance on the information contained in this publication or for any
decision based on it.

Sponsored Financial Content

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.

ETFG keeps certain activities of its business units separate from each other in order to preserve the independence and objectivity of their respective activities.  As a result, certain business units of ETFG may have information that is not available to other ETFG business units.  ETFG has established policies and procedures to maintain the confidentiality of certain non-public information received in connection with each analytical process.

ETFG may receive compensation for its ratings and certain analyses.  ETFG reserves the right to disseminate its opinions and analyses.  At times, ETFG’s public ratings and analyses are made available on its Websites, www.etfg.com (free of charge) and may be distributed through other means, including via ETFG publications and third party redistributors.

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 of or from that investment to the investor.

The information contained in this report does not constitute advice on the tax consequences of making any particular investment decision.  This material does not take into account your particular investment objectives, financial situations or needs and is not intended as a recommendation of particular securities, financial instruments or strategies to you nor is it considered to be investment advice. Before acting on any recommendation in this material, you should consider whether it is suitable for your particular circumstances and, if necessary, seek professional advice.