And If you were … (TWTW – Sept 11 – 15, 2017)

“And If you were” … In Venezuela or Ecuador, or North Korea or a bunch of parts like that, or if you were a drug dealer, a murderer, stuff like that, you are better off doing it in bitcoin than U.S. Dollars … Jamie Dimon, CEO, JPMorgan, on Bitcoin, adding that he’d fire any trader at his firm dealing in the crypto currency, which otherwise got slammed on account of China’s latest crack down.

Latest Developments:

  • Moody’s –  Canadian “Real Estate Bubble update”: Sees 5 years if falling real estate prices “across most parts of Canada”
  • iPhone X – Happy 10th birthday, iPhone: as a reward, there you have it, a CAD 1,319 phone – thanks Apple …
  • Home Capital – No to additional injection of capital that would have resulted in instantaneous $90 Mio gain for the Oracle of Omaha
  • EU banks: No so much fun in “banking” over there … 9100 branches and 50,000  employees lighter at the end of 2016 …
  • Bank of Canada – Responded to criticism it had failed to properly guide in relation to its latest rate increase (one more looks to be on the Horizon next month according to RBC)
  • North Korea – is apparently considering … Sinking Japan, or at least threatening to do just that, sink the Empire of the Rising Sun … Seriously??? Somebody there definitely needs their head checked!!!

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 1.39% PXG RAFI Global Fundamental 1.18% VCN FTSE Canada All Cap Index ETF 1.35%
XIC S&P/TSX Capped Composite 1.30% PXS RAFI US Fundamental Index 2.32% VCE FTSE Canada Index ETF 1.49%
CRQ RAFI CDN Fundamental 1.78% QQC/F NASDAQ 100 CAD Hedged 1.19% VUN CRSP US Total Market Index Unhedged 1.96%
XSP S&P 500 CAD Hedged 1.60% PZC RAFI CDN Small-Mid Fundam 0.45% VSP S&P 500 CAD Hedged 1.56%
XUS S&P500 1.90% VXC FTSE All-World Ex Canada Index ETF 1.67%
XMU MSCI Min Vol US 0.77% XXM/b Morningstar US Value (Unh) 3.49% VEF FTSE Developed ex North-Am CAD H 1.33%
CLU RAFI US Fund 1000 CAD H 1.75% YXM/b Morningstar US Momentum (Unh) 1.76% VDU FTSE Developed ex North-America 1.19%
XSU Russell 2000 CAD Hedged 2.21% FXM Morningstar CDN Value 1.31% VE FTSE Developed Europe 0.91%
XIN MSCI EAFE CAD Hedged 1.36% WXM Morningstar CDN Momentum 1.38% VA FTSE Developed Asia Pacific 0.80%
XEH MSCI Europe IMI CAD H 1.00% VXM/b Morningstar Intl Value (Unh) 0.88% VEE FTSE Emerging Mkts 1.54%
XEC MSCI EM IMI 1.91% ZXM/b Morningstar Intl Momentum (Unh) 0.72% HAZ Active Global Dividends 1.98%
XMM MSCI Min Vol Emerging 1.33% RWE MSCI Europe Low Risk Weighted (H) -0.50% HHF Morningstar Hedge Fund Index -0.57%
CWO RAFI Broad Emerging 0.54% HMF Auspice Managed Futures -1.09%
CJP RAFI Fundam Japan CAD H 2.54% ZDJ Dow Jones CAD Hedged 2.12% HAC Seasonal Rotation -0.64%
CDZ CDN Div Aristocrats 1.34% ZEQ MSCI Europe High Quality CAD H 0.50% HPR Active Preferred Shares -0.11%
week of: Sept 11-15, 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 1.78% VXM/b Morningstar Intl Value (Unh) 0.88% CDZ iShares S&P/TSX Canadian Dividend Aristocrats Index ETF 1.34%
CLU RAFI US Fund 1000 CAD H 1.75% XXM/b Morningstar US Value (Unh) 3.49% XHU iShares US High Dividend Equity Index ETF 2.44%
CJP RAFI Fundam Japan CAD H 2.54% FXM Morningstar CDN Value 1.31% VGG Vanguard US Dividend Appreciation Index ETF 1.97%
CWO RAFI Broad Emerging 0.54% XCV iShares Canadian Value Index ETF 1.76% CUD iShares US Dividend Growers Index ETF CAD-Hedged 1.57%
PXG RAFI Global Fundamental 1.18% VVL Vanguard Global Value Factor Etf 2.56%
PZC RAFI CDN Small-Mid Fundam 0.45% Momentum:
YXM/b Morningstar US Momentum (Unh) 1.76%
Min Vol: ZXM/b Morningstar Intl Momentum (Unh) 0.72%
VVO Vanguard Global Minimum Volatility Etf 0.48% WXM Morningstar CDN Momentum 1.38% Multi-Factors:
XMW MSCI Min Vol World 0.42% VMO Vanguard Global Momentum Factor Etf 2.18% XFC iShares Edge MSCI Multifactor Canada Index ETF 0.61%
XMI MSCI Min Vol EAFE -0.45% Liquidity: XFS iShares Edge MSCI Multifactor USA Index ETF 2.20%
XMM MSCI Min Vol Emerging 1.33% VLQ Vanguard Global Liquidity Factor Etf 1.48% XFI iShares Edge MSCI Multifactor EAFE Index ETF 1.26%
XMU MSCI Min Vol US 0.77% Quality: Low Risk Weighted:
XMV MSCI Min Vol Canada 0.78% ZEQ BMO MSCI Europe High Quality Hedged To CAD Index ETF 0.50% RWE First Asset MSCI Europe Low Risk Weighted ETF -0.50%
week of: Sept 11-15, 2017 FACTORS / SMART BETA / STRATEGIC BETA Source: ETFinsight/Bloomberg

Factors, Factors, and more Factors –  including Multi Factors, and Single Factors on a Global basis.

Active, you say? – See below, which captures weekly performance for ETFs managed by Strategists, or wraps incorporating several ETFs into one to solve for Conservative, Balanced, or Growth objectives:

ticker name change ticker name change ticker name change
HGM Horizons Managed Global Opportunities ETF 0.19%
EXGG Excel Global Growth Asset Allocation Etf -1.74% HAC Horizons Seasonal Rotation ETF -0.64%
EXGB Excel Global Balanced Asset Allocation Etf -1.40% HRA Horizons Global Risk Parity ETF -0.59%
HHF Horizons Morningstar Hedge Fund Index ETF -0.57%
DWG PowerShares DWA Global Momentum Index ETF 1.77%
HMA #N/A #N/A
XTR iShares Diversified Monthly Income ETF 0.09% XGR iShares Growth Core Portfolio Builder Fund 0.25%
FIE iShares Canadian Financial Monthly Income ETF 1.42% XCR iShares Conservative Core Portfolio Builder Fund -0.13%
ZMI BMO Monthly Income ETF 0.50% XGC iShares Global Completion Portfolio Builder Fund 0.30%
CBD iShares Balanced Income CorePortfolio Index ETF 0.46% FUT First Asset US Tactical Sector Allocation Index ETF 1.08%
ETP First Trust Global Risk Managed Income Index ETF 0.42% PRP #N/A #N/A
CBN iShares Balanced Growth CorePortfolio Index ETF 1.21%
XAL iShares Alternatives Completion Portfolio Builder Fund 0.25%
week of: Sept 11-15, 2017 ETF Strategists & ETFs of ETFs Source: ETFinsight/Bloomberg

Brought to you by: 

iShares: Rieder: One critical way technology is transforming the economic landscape

Vanguard: Warren Buffett and the Value of Patience …

BMO ETFs: Reminder: Mid-September is when 5 BMO ETFs migrate to different reference benchmarks => Click HERE!

Horizons ETFs: Better disclosure for ETFs => Click HERE!

Streamlining its corporate structure => click HERE!

First Asset – Rebound on a relative basis this past week, of US Value relative to US Momentum, after the prior week’s notable underperformance …

More Short duration solutions? Click HERE!

PowerShares – launches a 1-10 Year Bond ladder ETF (PIB) on NEO => Click HERE!

Other:

Purpose Investments acquires LogiQ’s business => Click HERE!

Weekly Volumes History to September 15, 2017

volumes week ending Sept 15, 2017

Top and Bottom performing ETFs for the week of Sept 11-15, 2017:

Ticker Name % Change Avg Price Weekly Volume $ Volume traded
Top Performers week of Sept 11-15, 2017
ZJO CN Equity BMO Junior Oil Index ETF 8.71% $11.12 38,388 $429,015
HMMJ CN Equity Horizons Marijuana Life Sciences Index ETF 6.28% $8.89 1,075,769 $9,485,523
OXF CN Equity First Asset Can-Energy Covered Call ETF 6.01% $8.94 27,265 $240,802
XEG CN Equity iShares S&P/TSX Capped Energy Index ETF 5.54% $11.20 21,073,846 $237,592,090
ZBK CN Equity BMO Equal Weight US Banks Index ETF 4.88% $21.85 451,719 $9,837,219
ZEO CN Equity BMO Equal Weight Oil & Gas Index ETF 4.81% $10.27 953,953 $9,837,256
ZJN CN Equity BMO Junior Gas Index ETF 4.56% $14.23 42,501 $604,936
ZUB CN Equity BMO Equal Weight US Banks Hedged to CAD Index ETF 4.47% $25.40 740,774 $18,707,554
CCX CN Equity Auspice Canadian Crude Oil Index ETF 4.19% $8.73 31,435 $277,424
HXE CN Equity Horizons S&P/TSX Capped Energy Index ETF 3.92% $18.50 41,846 $771,399
Bottom Performers
SVR CN Equity iShares Silver Bullion ETF -2.32% $9.79 51,058 $500,095
CGL CN Equity iShares Gold Bullion ETF -2.40% $11.52 485,966 $5,599,282
MNT CN Equity Royal Canadian Mint – Canadian Gold Reserves -2.45% $17.24 122,551 $2,111,854
ZUT CN Equity BMO Equal Weight Utilities Index ETF -2.88% $17.86 243,524 $4,336,091
XUT CN Equity iShares S&P/TSX Capped Utilities Index ETF -3.22% $22.86 994,426 $22,618,061
ZGD CN Equity BMO Equal Weight Global Gold Index ETF -3.69% $10.03 92,866 $932,982
XGD CN Equity iShares S&P/TSX Global Gold Index ETF -3.76% $12.70 9,590,649 $122,053,900
ZJG CN Equity BMO Junior Gold Index ETF -3.98% $9.57 386,851 $3,706,362
HEP CN Equity Horizons Enhanced Income Gold Producers ETF -4.23% $25.49 90,065 $2,292,380
HUV CN Equity BetaPro S&P 500 VIX Short-Term Futures ETF -11.61% $7.85 133,468 $1,043,938

Top Performing ETFs – Rebounding Financials/banks, alongside firming Oil and Gas exposure = constructive take on the part of investors last week …

Bottom Performing ETFs – Golds easing off = early end to seasonal trade? Or alongside ebbing vol, a sign that despite myriad concerns, market participants remain steadfast in seeing nowhere else to be but stocks …

Last week’s Sector Performance:

Utes … ouch = thanks BoC?

sector performance week ending september 15, 2017

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