100 Days (TWTW – Apr 24-28, 2017)

100 Days – The first 100 days of Donald Trump’s Presidency came and went, with much sabre rattling, be it with North Korea, or in the context of NAFTA… Has much been accomplished?

Perhaps one thing – President Trump actually realizing that it is a lot harder a job than he thought … Q1 US GDP came out – and it is a surprise, perhaps, to not have it heard being described as “a disaster”, as it certainly wasn’t exactly the picture of health one would have wished …

Latest Developments:

  • NAFTA – Which was apparently at risk of imminent US notification to the effect that it wanted out … Will now be the object of an intense review on the part of the US…
  • French Elections – Should see Macron come out on top this coming Sunday, in round two of the French Presidential Elections. That, at least, is what had markets responding enthusiastically to the results of the first round that took place April 23
  • Bombardier – Found itself in the crosshair of Boeing complaining the company is effectively dumping its airplanes in terms of their pricing
  • Home Capital Group – Obtained a costly (10%) Lifeline, as it otherwise saw its stock entirely crater this past week
  • The CAD – Ended the month at its weakest …
  • BlackRock’s CEO Larry Fink – sees the US on a path toward exploding deficits … Read More => click HERE!

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 -0.05% PXG RAFI Global Fundamental 3.11% VCN FTSE Canada All Cap Index ETF -0.06%
XIC S&P/TSX Capped Composite -0.04% PXS RAFI US Fundamental Index 2.05% VCE FTSE Canada Index ETF 0.03%
CRQ RAFI CDN Fundamental 0.13% QQC/F NASDAQ 100 CAD Hedged 2.64% VUN CRSP US Total Market Index Unhedged 2.57%
XSP S&P 500 CAD Hedged 1.56% PZC RAFI CDN Small-Mid Fundam -1.81% VSP S&P 500 CAD Hedged 1.47%
XUS S&P500 2.54% VXC FTSE All-World Ex Canada Index ETF 3.11%
XMU MSCI Min Vol US 2.02% XXM/b Morningstar US Value (Unh) 1.42% VEF FTSE Developed ex North-Am CAD H 2.56%
CLU RAFI US Fund 1000 CAD H 0.86% YXM/b Morningstar US Momentum (Unh) 2.58% VDU FTSE Developed ex North-America 3.89%
XSU Russell 2000 CAD Hedged 1.39% FXM Morningstar CDN Value 0.78% VE FTSE Developed Europe 5.20%
XIN MSCI EAFE CAD Hedged 2.67% WXM Morningstar CDN Momentum 1.26% VA FTSE Developed Asia Pacific 1.96%
XEH MSCI Europe IMI CAD H 2.80% VXM/b Morningstar Intl Value (Unh) 3.46% VEE FTSE Emerging Mkts 2.70%
XEC MSCI EM IMI 2.98% ZXM/b Morningstar Intl Momentum (Unh) 4.75% HAZ Active Global Dividends 2.00%
XMM MSCI Min Vol Emerging 2.04% RWE MSCI Europe Low Risk Weighted (H) 1.64% HHF Morningstar Hedge Fund Index 0.15%
CWO RAFI Broad Emerging 3.54% HMF Auspice Managed Futures -3.70%
CJP RAFI Fundam Japan CAD H 2.77% ZDJ Dow Jones CAD Hedged 1.68% HAC Seasonal Rotation 1.13%
CDZ CDN Div Aristocrats -0.29% ZEQ MSCI Europe High Quality CAD H 2.23% HPR Active Preferred Shares -0.43%
week of: Apr 24-28, 2017 Source: ETFinsight/Bloomberg

Weekly Volumes for the week of Apr 24-28, 2017:

weekly volume data:
Total Volume non-leveraged $7,767,338,538
top 10 Volume non leveraged $4,452,252,703
Total Volume leveraged $1,591,332,784
top 5 Volume leveraged $1,085,181,203
Total Volumes overall: $9,358,671,322
Top 10 + Top 5: $5,537,433,906
top 10 non leveraged % of total nl: 57.3%
top 5 leveraged % of total leveraged 68.2%
Top 10 + Top 5 as % of total traded: 59.2%

Recent Volumes:

volumes week ending april 28, 2017

iShares – Tucker: What’s behind the run-up in EM Bonds?

Vanguard – China’s economy at a crossroads, which path will it follow?

Horizons – Advisor sentiment turns bearish on stocks

First Asset – With – effectively a “risk on” mode for markets last week following the results of the first round of the French Elections, it was a rare “Momentum” beats “Value” across the board week. Will that be sustained? For how long?

Other – 

CETFA – an invitation to attend a breakfast event May 3rd discussing the SPIVA findings => cetfa invitation spiva event toronto

MSCI – Tied for Index Provider of the Year 2016, with German firm Solactive, at the ETF.com Europe Awards

Mackenzie – Joined the Global Search for Yield in an ETF format, launching MHYB, which began trading on the NEO Exchange this past week.

S+P | Dow Jones – DashBoard Canada => Click HERE!

Top and Bottom performing ETFs for the week of Apr 24-28, 2017:

Ticker Name % Change Avg Price Weekly Volume $ Volume traded
Top Performers week of Apr 24-28, 2017
FHB CN Equity First Asset European Bank ETF 8.17% $8.83 54,911 $487,607
HXX CN Equity Horizons Euro Stoxx 50 R Index Etf 7.01% $29.79 76,516 $2,287,920
XEU CN Equity iShares MSCI Europe IMI Index ETF 5.26% $23.53 312,115 $7,392,943
VE CN Equity Vanguard FTSE Developed Europe All Cap Index ETF 5.20% $28.42 183,199 $5,213,970
ZXM/B CN Equity First Asset Morningstar International Momentum Index ETF 4.75% $27.72 9,546 $265,456
SHA CN Equity Sphere FTSE Asia Sustainable Yield Index ETF 4.59% $12.60 13,868 $175,573
EHE CN Equity Wisdomtree Europe Hedged Equity Index ETF 4.40% $25.32 26,657 $675,337
XID CN Equity iShares India Index ETF 4.35% $34.19 106,542 $3,668,176
ZID CN Equity BMO India Equity Index ETF 4.29% $22.09 139,374 $3,081,146
QIE CN Equity QuantShares Enhanced Core International Equity ETF 4.27% $27.74 1,007,908 $27,773,469
Bottom Performers
XMA CN Equity iShares S&P/TSX Capped Materials Index ETF -2.12% $13.42 274,835 $3,664,369
PHR CN Equity Purpose Duration Hedged Real Estate Fund -2.78% $20.66 41,149 $848,711
HMF CN Equity Horizons Auspice Managed Futures Index ETF -3.70% $9.16 21,677 $198,633
SVR CN Equity iShares Silver Bullion ETF -3.91% $9.77 86,641 $843,739
HEP CN Equity Horizons Enhanced Income Gold Producers ETF -4.42% $25.87 149,967 $3,841,125
HMMJ CN Equity Horizons Medical Marijuana Life Sciences ETF -4.73% $10.22 2,965,280 $30,398,663
XGD CN Equity iShares S&P/TSX Global Gold Index ETF -4.77% $13.02 12,736,178 $165,362,843
ZGD CN Equity BMO S&P/TSX Equal Weight Global Gold Index ETF -5.45% $10.15 230,986 $2,316,578
ZJG CN Equity BMO Junior Gold Index ETF -6.53% $8.39 983,487 $8,127,971
HUV CN Equity BetaPro S&P 500 VIX Short-Term Futures ETF -12.99% $5.45 234,120 $1,262,223

 

Top Performing ETFs – Results of the First Round of the French Presidential elections put “risk on” back on the board, with European Equities leading higher (banks leading the charge) in an expression of relief… Being unhedged as far the the currency is where you would have enjoyed the greater gains, as the EUR jumped higher in the event. European inflation took inflation within a hair of the ECB’s target – though on the back of higher Energy…

Bottom Performing ETFs – Volatility continues to be eerily absent despite the US protectionist rhetoric, and despite the North Korean situation, a situation Donald Trump suggested could lead to conflict… Gold, Materials, and … Marijuana ETFs led to the downside…

Last week’s Sector Performance:

sectors week ending April 28, 2017

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