/Tech Crunch?

Tech Crunch?

Monday, July 30, 2018 – Last week saw a bumpy ride for the equity markets that featured a divergence within the Tech Sector countered by continued strong earnings across most other earnings reports. While Amazon and Alphabet beat earnings estimates and moved higher, on Thursday, Facebook experienced the largest one-day loss ever in market capitalization after warning the Street that growth was slowing. Also pressuring the Tech sector were Intel and Twitter with disappointing earnings reports.  For the week, the DJIA added 1.6%, the S&P 500 climbed .6% and the Nasdaq rose 1.1%.

ETFG Quant Movers – those ETFs who have had the largest weekly change in their respective, overall ETFG Quant ratings:
·    ETFG Quant Winners: PEZ (Invesco DWA Consumer Cyclicals Momentum ETF) jumped 13.58 points to 45.85, EELV (Invesco S&P Emerging Markets Low Volatility ETF) rose 11.67 to 55.97 and PIN (Invesco India ETF) improved to 44.17 with an increase of 10.54 points in its ETFG Quant Rating.
·    ETFG Quant Losers: BTAL (AGFiQ US Market Neutral Anti-Beta Fund) dropped 9.75 points to 26.93, IAI  (iShares U.S. Broker-Dealers & Securities Exchanges ETF) lost 9.10 to 37.89 and FIEG (FI Enhanced Global High Yield Exchange Traded Notes) oved lower by 8.28 points to  46.79.
ETFG Weekly Select List – the 5 most highly rated ETFs per Sector, Geographic Region and Strategy as ranked by the ETFG Quant model. We’d like to highlight some substantial movement in the Sector and Strategy portion when comparing this week’s Select List to last. We saw 4 new funds that were unranked last week claim a spot in the top 2 through 5 positions the Broad Equity category. First Trust Chindia ETF (FNI), AdvisorShares Dorsey Wright ADR ETF (AADR), iShares MSCI Brazil ETF (EWZ) and iShares MSCI Mexico ETF (EWW) made an appearance respectively.
We saw similar movements in the Technology Sector. BlueStar Israel Technology ETF (ITEQ), iShares Edge MSCI Multifactor Technology ETF (TCHF), First Trust Nasdaq Semiconductor ETF (FTXL) and First Trust Nasdaq Cybersecurity ETF (CIBR) secured 2nd through 5th respectively. These four funds have seen a steady returns but this sector will become extremely interesting in the months to come with the impending Global Industry Classification Standards (GICS) reorganization.

 

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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.
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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.

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