Warren likes … (TWTW – June 19-23, 2017)

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!

Recent Developments:

  • 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:

ticker name change ticker name change ticker name change
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:

ticker name change ticker name change
RAFI: Value: Yield:
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:

ticker name change ticker name change ticker name change
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%

volumes week ending june 23, 2017

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
Bottom Performers
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 …

sector performance week ending june 23, 2017

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