Two Weeks Away (TWTW – Apr 3-7, 2017)

Two Weeks Away – The French Presidential Elections … Hopefully not about to serve us another dose of either BREXIT or Make America Great Again a la Trump … For if it did … all bets would be off as far as stable markets …

A Marine Le Pen Presidente would put an end to the EURO, turn France inward and more xenephobic … Last week’s debate during which she lost her cool suggests the odds of her coming out on top are slim … but were it to happen … Watch out…

In the meantime – the US launched missile strikes this past week against an airbase in Syria, from which planes earlier in the week took off to go on a gas bombing mission against President Al Assad’s opponents – yet another murderous act of his regime strongly condemned by the United Nations… but somehow still supported by Russia …

Latest Developments:

  • US – Payrolls came in below expectations for March … 98K vs 180K expected => Read More!
  • President Trump – Acted in response to renewed chemical weapons attacks on the Syrian people by their Leader El Assad … What will Russia do?
  • European unemployment – declined to lowest level in almost 8 years – 9.5% in February from 9.6% in January.
  • BlackRock – downgrades European Fixed Income to Underweight
  • Chinese President Xi – visits US president Donald Trump at his Mar-a-Lago club in Florida
  • the US FED – opined on US equity valuations in their March meeting, observing that”Some participants viewed equity prices as quite high relative to standard valuation measures” …

 

Latest market numbers as seen through the ETFs providing exposure to the most commonly referred to benchmarks:

ticker name change ticker name change ticker name change
XIU S&P/TSX 60 0.88% PXG RAFI Global Fundamental -0.27% VCN FTSE Canada All Cap Index ETF 0.73%
XIC S&P/TSX Capped Composite 0.83% PXS RAFI US Fundamental Index 0.63% VCE FTSE Canada Index ETF 0.58%
CRQ RAFI CDN Fundamental 0.26% QQC/F NASDAQ 100 CAD Hedged -0.40% VUN CRSP US Total Market Index Unhedged 0.50%
XSP S&P 500 CAD Hedged -0.26% PZC RAFI CDN Small-Mid Fundam 2.49% VSP S&P 500 CAD Hedged -0.31%
XUS S&P500 0.53% VXC FTSE All-World Ex Canada Index ETF 0.42%
XMU MSCI Min Vol US 0.79% XXM/b Morningstar US Value (Unh) -0.91% VEF FTSE Developed ex North-Am CAD H 0.03%
CLU RAFI US Fund 1000 CAD H -0.59% YXM/b Morningstar US Momentum (Unh) -0.56% VDU FTSE Developed ex North-America 0.06%
XSU Russell 2000 CAD Hedged -1.52% FXM Morningstar CDN Value -1.02% VE FTSE Developed Europe 0.48%
XIN MSCI EAFE CAD Hedged 0.04% WXM Morningstar CDN Momentum 0.45% VA FTSE Developed Asia Pacific -0.06%
XEH MSCI Europe IMI CAD H -0.04% VXM/b Morningstar Intl Value (Unh) -0.75% VEE FTSE Emerging Mkts 1.48%
XEC MSCI EM IMI 0.89% ZXM/b Morningstar Intl Momentum (Unh) 0.83% HAZ Active Global Dividends 0.54%
XMM MSCI Min Vol Emerging 1.31% RWE MSCI Europe Low Risk Weighted (H) 0.64% HHF Morningstar Hedge Fund Index -0.36%
CWO RAFI Broad Emerging 0.57% HMF Auspice Managed Futures 1.17%
CJP RAFI Fundam Japan CAD H -2.28% ZDJ Dow Jones CAD Hedged 0.03% HAC Seasonal Rotation -0.21%
CDZ CDN Div Aristocrats 0.66% ZEQ MSCI Europe High Quality CAD H 0.26% HPR Active Preferred Shares 1.18%
week of: Apr 3-7, 2017 Source: ETFinsight/Bloomberg

Weekly Volumes for the week of Apr 3-7, 2017:

 

weekly volume data:
Total Volume non-leveraged $6,421,677,907
top 10 Volume non leveraged $3,626,953,794
Total Volume leveraged $1,596,782,957
top 5 Volume leveraged $960,300,498
Total Volumes overall: $8,018,460,865
Top 10 + Top 5: $4,587,254,292
top 10 non leveraged % of total nl: 56.5%
top 5 leveraged % of total leveraged 60.1%
Top 10 + Top 5 as % of total traded: 57.2%

volumes week ending april 7, 2017

iShares – Turnill: Three Investing themes for the second quarter

Tucker: 10 surprising facts about HYG

Vanguard – connecting with female investors => Click HERE to read more!

Horizons – 3 days in … Horizons’ Medical Marijuana Lifesciences ETF (HHMJ) has gather $37.6MM … Not a bad start. As the budding sector otherwise is undergoing bubble-like conditions … could this ETF lend more air to that bubble … AUM set to go hi (gher) if you ask me … but with risk of some getting hurt at some stage … the question being … when? Just like TO real estate…

Question – will we soon see HHMJ featured amongst the Seasonal Rotation ETF HAC holdings? Wonder what the seasonality of that play is? Or … is it pretty much an all season, recession proof type proposition …

First Asset – Also dumping the Advisors’ Series ETFs => Click HERE to read more!

BMO ETFs – Launching Global Sector ETFs => Click HERE to read more!

Other –

ETFinsight – April Monthly Perspectives: “Suspended Reality”. Q1 2017 saw strong AUM growth in the Industry, bolstered by record net issuance and constructive market contribution.

ETFinsight – Q1 2017 Performance … All about … EM! A rather a notable change!

Top and Bottom performing ETFs for the week of Apr 3-7, 2017:

Ticker Name % Change Avg Price Weekly Volume $ Volume traded
Top Performers week of Apr 3-7, 2017
HMMJ CN Equity Horizons Medical Marijuana Life Sciences ETF 6.27% $10.52 6,715,742 $69,957,797
CCX CN Equity Auspice Canadian Crude Oil Index ETF 5.58% $8.66 83,187 $723,950
HUV CN Equity BetaPro S&P 500 VIX Short-Term Futures ETF 4.88% $5.63 84,989 $468,906
HEP CN Equity Horizons Enhanced Income Gold Producers ETF 3.94% $26.06 92,487 $2,428,230
ZID CN Equity BMO India Equity Index ETF 3.77% $21.74 101,933 $2,221,933
XGD CN Equity iShares S&P/TSX Global Gold Index ETF 3.39% $13.34 11,757,235 $156,430,994
ZGD CN Equity BMO S&P/TSX Equal Weight Global Gold Index ETF 3.27% $10.67 48,145 $517,228
FLB CN Equity First Asset Long Duration Fixed Income Etf 2.88% $19.30 102,864 $1,985,275
HUC CN Equity Horizons Crude Oil ETF 2.72% $11.90 80,464 $959,370
PZC CN Equity PowerShares FTSE RAFI Canadian Small-Mid Fundamental Index ETF 2.49% $20.54 26,000 $532,120
Bottom Performers
XXM/B CN Equity First Asset Morningstar US Value Index ETF -0.91% $17.37 143,444 $2,495,635
XMH CN Equity iShares S&P US Mid-Cap Index ETF CAD-Hedged -0.94% $16.90 95,617 $1,620,132
FXM CN Equity First Asset Morningstar Canada Value Index ETF -1.02% $14.64 141,361 $2,071,633
FBU CN Equity First Asset US Buyback Index Etf -1.14% $22.63 21,526 $486,922
ZUB CN Equity BMO Equal Weight US Banks Hedged to CAD Index ETF -1.36% $25.45 2,821,491 $71,954,964
XCD CN Equity iShares S&P Global Consumer Discretionary Index ETF(CAD-Hedged) -1.51% $30.82 14,417 $444,390
XSU CN Equity iShares U.S. Small Cap Index ETF (CAD-Hedged) -1.52% $29.26 2,308,315 $67,485,634
XXM CN Equity First Asset Morningstar US Value Index ETF -1.80% $13.12 66,593 $876,380
HBG CN Equity Hamilton Capital Global Bank ETF -1.85% $20.82 13,964 $290,070
CJP CN Equity iShares Japan Fundamental Index ETF CAD-Hedged -2.28% $13.85 366,624 $5,040,357

Top Performing ETFs – Introduced Wednesday, the Horizons Medical Marijuana Lifesciences ETF (HHMJ) was off to a brisk start – both from an initial AUM accumulation perspective, as well as from a price performance standpoint … Volatility picked up, and the gold haven ETFs also gained ground, alongside crude related exposures.

Bottom Performing ETFs – Japan led to the downside, though considering the jitters an attack on Syria could well introduce into the overall risk mix, losses for the week were relatively modest … Question to be answered in coming weeks – is the reflation trade entirely over, or will it enjoy another shot at the upside?

Last week’s Sector Performance:

Materials led to the upside last week – on strength in the Goldcos space …

but if there was a subsector for Medicinal Majiruana … it would have led gainers…

sectors week ending april 7, 2017

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