Warren likes … Canada! and so last week, he got himself a “made for Warren” deal a la … what he did as the 2008/2009 Global Financial crisis was battering everyone, with his capital injection into Goldman Sachs at the time. What is a “made for Warren” deal? One which features juicy terms and conditions and meaningful returns for … Warren. To wit, in the immediate aftermath of the deal’s announcement – Warren Buffett already had made himself a cool $344 MM on the shares Berkshire has agreed to acquire. Read more => Click HERE!
As to who tipped the Oracle of Omaha to the opportunit => Click HERE!
But lest we think this signals the all-clear for all things “Canadian exposure” – let’s not overlook the fact that a long time bear on Home Capital Group still sees a way that both he, and Warren win … => Click HERE!
- China – MSCI let’s 222 Chinese A Shares into EM Index
- Saudi Arabia – The Saudis get new king, and their stock market is looking at possible inclusion in MSCI’s EM Index, come 2018 => Click HERE!
- Federal Reserve and the effect of Technology – The FED’s Evans sees “technology as disruptive”, noting that “that’s one of the things that makes me nervous, that I think there is something possibly going on, some secular trend that isn’t just a U.S. story”…
- Active/Passive/Factors – Burton Malkiel of “a Random Walk down Wall Street” fame – labelled as the high priest of passive indexing, is in fact now also liking factors … only at a low price => Click HERE!
Latest market numbers as seen through ETFs providing exposure to the most commonly referred to benchmarks:
|XIU||S&P/TSX 60||0.61%||PXG||RAFI Global Fundamental||-0.31%||VCN||FTSE Canada All Cap Index ETF||0.10%|
|XIC||S&P/TSX Capped Composite||-0.04%||PXS||RAFI US Fundamental Index||0.00%||VCE||FTSE Canada Index ETF||-0.19%|
|CRQ||RAFI CDN Fundamental||0.20%||QQC/F||NASDAQ 100 CAD Hedged||2.12%||VUN||CRSP US Total Market Index Unhedged||0.13%|
|XSP||S&P 500 CAD Hedged||-0.50%||PZC||RAFI CDN Small-Mid Fundam||-2.35%||VSP||S&P 500 CAD Hedged||-0.14%|
|XUS||S&P500||0.00%||VXC||FTSE All-World Ex Canada Index ETF||-0.03%|
|XMU||MSCI Min Vol US||-0.22%||XXM/b||Morningstar US Value (Unh)||1.08%||VEF||FTSE Developed ex North-Am CAD H||-0.98%|
|CLU||RAFI US Fund 1000 CAD H||-0.90%||YXM/b||Morningstar US Momentum (Unh)||1.57%||VDU||FTSE Developed ex North-America||-0.92%|
|XSU||Russell 2000 CAD Hedged||0.07%||FXM||Morningstar CDN Value||1.59%||VE||FTSE Developed Europe||-1.47%|
|XIN||MSCI EAFE CAD Hedged||-1.63%||WXM||Morningstar CDN Momentum||0.80%||VA||FTSE Developed Asia Pacific||-0.06%|
|XEH||MSCI Europe IMI CAD H||-2.35%||VXM/b||Morningstar Intl Value (Unh)||0.00%||VEE||FTSE Emerging Mkts||0.40%|
|XEC||MSCI EM IMI||0.78%||ZXM/b||Morningstar Intl Momentum (Unh)||0.03%||HAZ||Active Global Dividends||0.10%|
|XMM||MSCI Min Vol Emerging||0.45%||RWE||MSCI Europe Low Risk Weighted (H)||-0.68%||HHF||Morningstar Hedge Fund Index||0.29%|
|CWO||RAFI Broad Emerging||0.93%||HMF||Auspice Managed Futures||0.66%|
|CJP||RAFI Fundam Japan CAD H||1.11%||ZDJ||Dow Jones CAD Hedged||0.14%||HAC||Seasonal Rotation||0.11%|
|CDZ||CDN Div Aristocrats||1.09%||ZEQ||MSCI Europe High Quality CAD H||-0.58%||HPR||Active Preferred Shares||0.11%|
|week of:||June 19-23, 2017||OVERALL||Source:||ETFinsight/Bloomberg|
Respectively through available “FACTORS” (Smart or Strategic Beta) ETFs:
|CRQ||RAFI CDN Fundamental||0.20%||VXM/b||Morningstar Intl Value (Unh)||0.00%||CDZ||iShares S&P/TSX Canadian Dividend Aristocrats Index ETF||1.09%|
|CLU||RAFI US Fund 1000 CAD H||-0.90%||XXM/b||Morningstar US Value (Unh)||1.08%||XHU||iShares US High Dividend Equity Index ETF||-0.47%|
|CJP||RAFI Fundam Japan CAD H||1.11%||FXM||Morningstar CDN Value||1.59%||VGG||Vanguard US Dividend Appreciation Index ETF||-0.76%|
|CWO||RAFI Broad Emerging||0.93%||XCV||iShares Canadian Value Index ETF||-0.48%||CUD||iShares US Dividend Growers Index ETF CAD-Hedged||-1.50%|
|PXG||RAFI Global Fundamental||-0.31%||VVL||Vanguard Global Value Factor Etf||-0.31%|
|PZC||RAFI CDN Small-Mid Fundam||-2.35%||Momentum:|
|YXM/b||Morningstar US Momentum (Unh)||1.57%|
|Min Vol:||ZXM/b||Morningstar Intl Momentum (Unh)||0.03%|
|VVO||Vanguard Global Minimum Volatility Etf||-0.17%||WXM||Morningstar CDN Momentum||0.80%||Multi-Factors:|
|XMW||MSCI Min Vol World||-0.45%||VMO||Vanguard Global Momentum Factor Etf||1.08%||XFC||iShares Edge MSCI Multifactor Canada Index ETF||1.23%|
|XMI||MSCI Min Vol EAFE||-1.77%||Liquidity:||XFS||iShares Edge MSCI Multifactor USA Index ETF||-0.29%|
|XMM||MSCI Min Vol Emerging||0.45%||VLQ||Vanguard Global Liquidity Factor Etf||-0.42%||XFI||iShares Edge MSCI Multifactor EAFE Index ETF||-1.57%|
|XMU||MSCI Min Vol US||-0.22%||Quality:||Low Risk Weighted:|
|XMV||MSCI Min Vol Canada||-0.31%||ZEQ||BMO MSCI Europe High Quality Hedged To CAD Index ETF||-0.58%||RWE||First Asset MSCI Europe Low Risk Weighted ETF||-0.68%|
|week of:||June 19-23, 2017||FACTORS / SMART BETA / STRATEGIC BETA||Source:||ETFinsight/Bloomberg|
Check out the above table: More Factors, including Multi Factors, as well as Individual Factors on a Global basis, with more individual ETF solutions presented.
As well as the table below – which captures the latest as far as weekly performance for ETFs managed by Strategists, respectively wrapping several ETFs in one to solve for Conservative, Balanced, or Growth objectives:
|HGM||Horizons Managed Global Opportunities ETF||0.09%|
|EXGG||Excel Global Growth Asset Allocation Etf||0.61%||HAC||Horizons Seasonal Rotation ETF||0.11%|
|EXGB||Excel Global Balanced Asset Allocation Etf||0.57%||HRA||Horizons Global Risk Parity ETF||0.60%|
|HHF||Horizons Morningstar Hedge Fund Index ETF||0.29%|
|DWG||PowerShares DWA Global Momentum Index ETF||1.39%|
|HMA||Horizons Managed Multi-Asset Momentum ETF||0.97%|
|XTR||iShares Diversified Monthly Income ETF||-0.61%||XGR||iShares Growth Core Portfolio Builder Fund||-0.84%|
|FIE||iShares Canadian Financial Monthly Income ETF||0.42%||XCR||iShares Conservative Core Portfolio Builder Fund||0.34%|
|ZMI||BMO Monthly Income ETF||0.12%||XGC||iShares Global Completion Portfolio Builder Fund||-1.57%|
|CBD||iShares Balanced Income CorePortfolio Index ETF||-0.18%||FUT||First Asset US Tactical Sector Allocation Index ETF||0.50%|
|ETP||First Trust Global Risk Managed Income Index ETF||0.20%||PRP||Purpose Conservative Income Fund||-0.34%|
|CBN||iShares Balanced Growth CorePortfolio Index ETF||0.10%|
|XAL||iShares Alternatives Completion Portfolio Builder Fund||-1.50%|
|week of:||June 19-23, 2017||ETF Strategists & ETFs of ETFs||Source:||ETFinsight/Bloomberg|
Brought to you by:
Weekly Volumes for the week of June 19-23, 2017:
|weekly volume data:|
|Total Volume non-leveraged||$4,994,274,808|
|top 10 Volume non leveraged||$2,537,654,205|
|Total Volume leveraged||$1,424,990,429|
|top 5 Volume leveraged||$986,257,890|
|Total Volumes overall:||$6,419,265,237|
|Top 10 + Top 5:||$3,523,912,095|
|top 10 non leveraged % of total nl:||50.8%|
|top 5 leveraged % of total leveraged||69.2%|
|Top 10 + Top 5 as % of total traded:||54.9%|
iShares – Nolan: How your fear may be compromising your future
Vanguard – Pappas: Making sense of Factor Investing
First Asset – June 2017 Distributions => Click HERE!
Horizons – HMMJ: First Quarterly Rebalancing => click HERE!
and upcoming (June 27th) webinar -> with Steven Hawkins, President and Co-CEO => click HERE!
NEO Exchange – Marking the first anniversary of launch of their PTF (Platform Traded Funds) initiative, which thus far has seen in excess of $200 MM settle through the Exchange, resulting in cost efficiencies for investors and manufacturers alike. Hopefully a lot more to come on that front!
ETFinsight – “CETFA 2017-2019: Onward and Upward“
Forestrong – Mordy: America’s Outperformance: a moveable feats
Morningstar‘s Rudy Luukko: Harvest seeks greener pasture in ETFs
Women in ETFs / MSCI Inc: Is your firm leaving untapped talent at the door? Answer during a breakfast presentation last week: absolutely, with an MSCI Index looking at Women in Leadership outperforming for some time now …
Bottom line: superior bottom line for firms with more diverse leadership, which tends to filter through organizations overall, with diversity also leading to more engagement.
Here is an idea for an ETF in Canada on that “theme” – How about Women in ETFs launching it in partnership with one of the major providers here?
Top and Bottom performing ETFs for the week of June 19-23, 2017:
|Ticker||Name||% Change||Avg Price||Weekly Volume||$ Volume traded|
|Top Performers||week of||June 19-23, 2017|
|ZGD CN Equity||BMO S&P/TSX Equal Weight Global Gold Index ETF||5.40%||$9.81||180,379||$1,783,038|
|ZJG CN Equity||BMO Junior Gold Index ETF||4.90%||$8.50||522,142||$4,442,093|
|HMMJ CN Equity||Horizons Marijuana Life Sciences Index ETF||4.61%||$8.71||707,214||$6,156,530|
|MXF CN Equity||First Asset Can-Materials Covered Call ETF||4.24%||$14.35||38,636||$556,055|
|XGD CN Equity||iShares S&P/TSX Global Gold Index ETF||4.20%||$12.54||6,491,572||$81,173,574|
|ZUH CN Equity||BMO Equal Weight US Health Care Hedged to CAD Index ETF||3.74%||$47.01||328,845||$15,564,853|
|XMA CN Equity||iShares S&P/TSX Capped Materials Index ETF||3.59%||$12.66||711,614||$8,947,239|
|ZCH CN Equity||BMO China Equity Index ETF||3.57%||$23.20||102,453||$2,368,347|
|HEP CN Equity||Horizons Enhanced Income Gold Producers ETF||3.49%||$24.83||80,192||$1,982,801|
|HHL/U CN Equity||Healthcare Leaders Income ETF||3.06%||$8.65||258,828||$2,241,537|
|HNY CN Equity||Horizons Natural Gas Yield ETF||-2.42%||$12.86||45,040||$575,556|
|HUN CN Equity||Horizons Natural Gas ETF||-2.44%||$6.42||46,821||$297,967|
|ZBK CN Equity||BMO Equal Weight US Banks Index ETF||-2.55%||$24.15||235,510||$5,701,419|
|HEE CN Equity||Horizons Enhanced Income Energy ETF||-2.57%||$12.19||32,777||$399,058|
|ZUB CN Equity||BMO Equal Weight US Banks Hedged to CAD Index ETF||-2.76%||$25.84||766,422||$19,819,100|
|ZJO CN Equity||BMO Junior Oil Index ETF||-2.79%||$11.90||105,304||$1,247,271|
|XBZ CN Equity||iShares MSCI Brazil Index ETF||-2.89%||$12.26||95,998||$1,190,878|
|HUV CN Equity||BetaPro S&P 500 VIX Short-Term Futures ETF||-3.07%||$8.96||40,210||$359,822|
|CCX CN Equity||Auspice Canadian Crude Oil Index ETF||-3.13%||$7.43||103,948||$767,854|
|HUC CN Equity||Horizons Crude Oil ETF||-3.58%||$10.08||96,080||$970,132|
Top Performing ETFs – Rebound on the part of Materials and Golds dominated last week, all the while weakness in oil and gas persisted …
Bottom Performing ETFs – Alongside Energy weakness, Brazil declined – likely on renewed political upheaval … Otherwise noteworthy – despite anticipation of decent quarterly profits for US Banks, weakness: a sign of concern regarding the flattening of the yield curve, respectively the possibility that the FED doesn’t hike as much as earlier anticipated?
Last week’s Sector Performance:
Decent rebound on the materials front, all the while weakness remains the order of the day for Energy …