/Trends Continue…

Trends Continue…

Tuesday, February 19, 2019– It was another huge week for Major US Indices as all 3 ended up more than 2%. This continued strength is quite remarkable as earnings season has not been one to write home about and talks of government shutdowns and national emergencies continue to shake main street. For the week, the Dow Jones Industrial Average finished up about 776 points or 3.1% while the S&P 500 gained 61 points or 2.5% and the Nasdaq Composite was up 151 points or 2.4%.

In ETFs, we continue to see outflows in major US index tracked ETFs. IVV, the iShares Core S&P 500 ETF, QQQ, the Invesco Nasdaq ETF and IWD, the iShares Russell 1000 ETF, lost assets of $6.93B, $2.88B and $1.86B respectively in the month of February. In inflows, investors continue to flock to fixed income ETFs with BNDX, the Vanguard International Bond Fund, taking in over $2.48B or over 25% of its AUM in the month of February, all according to our ETFG Fund Flow Summary.
In the ETFG Quant Movers, we saw international based ETPs gain the most percentage points to their overall scores. The CSOP MSCI China A International Hedged ETF (CHNX), the iShares MSCI Canada ETF (EWC) and the Global X Scientific Beta Asia ex-Japan ETF (SCIX) added 10.81, 9.27 and 9.19 to their overall Quant scores respectively.
Because of the Sector’s success in the major indexes this week, we’d like to highlight some substantial movement in Technology when comparing this week’s Select List to last week’s. The First Trust NASDAQ Semiconductor ETF (FTXL) held strong in the first overall spot while the Global X FinTech Thematic ETF (FINX) jumped up three spots to the second overall position. It took over for the First Trust Nasdaq Cybersecurity ETF (CIBR) which got knocked out of the top 5 this week by the ETFMG Drone Economy Strategy ETF (IFLY) which is now in the 4th ranked spot. The SPDR S&P Telecom ETF (XTH) jumped up one spot to the 3rd overall position and rounding out the bottom of the top 5 was the 3D Printing ETF (PRNT).
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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 of or from that investment to the investor.

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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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