ETF Scorecard – June 13th Edition

ETF Database

Major equity indexes kicked off the week on a strong note only to lose momentum and give way to profit taking pressures as the trading days progressed. On the home front, economic data releases were fairly quiet with the NFIB small business index posting a better-than-expected gain while retail sales fell just just short of analysts’ expectations. The real driver of trading activity was the unrest in Iraq. which led to crude oil supply concerns that inevitably sent fuel prices higher and gave investors a reason to scale back their risk appetites. 

To help investors keep up with markets, we present our ETF Scorecard, which takes a step back and looks at how various asset classes across the globe are performing. For most of the return comparisons below, we reference trailing 1-week and trailing 1-month returns; this offers a good insight into the prevailing sentiment in the markets by capturing the performances across short-term and longer-term time intervals [for more ETF news and analysis subscribe to our  free newsletter ].

Risk Appetite Review

Bearish pressures permeated the market after geopolitical tensions escalated in Iraq; surprisingly, however, High Beta stocks held up better than their “safer” counterparts: 

Major Index Review

U.S. small caps posted another week of green returns while other major domestic equity indexes slipped into negative territory: 

Domestic Sector Review

Every sector slipped into negative territory amid turmoil in the Middle East, while the Energy sector managed to inch higher alongside crude oil prices: 

Sector Valuations

Changes in valuations were mixed across the board; Utilities saw the biggest contraction in its pricing-multiple while Energy saw the biggest expansion: 

Foreign Equity Review

Foreign equity performances were fairly quiet over the past week with Brazil posting the biggest gain by far while Germany headed into shallow red territory: 

Regional Valuations

Pricing-multiples for the various regions inched higher across the board with Latin America seeing the biggest gain for a second week in a row: 

Fixed-Income Review

Bond yields didn’t move much thanks to back-and-forth trading in the fixed income market throughout the week: 

Alternatives Review

Commodities

Crude oil was by far the biggest winner this week as rising tensions in Iraq spurred supply concerns in the energy futures market:

Currencies

Last week’s rate cut announcement from the ECB took its toll on the euro while the Aussie dollar saw the biggest gains in that same time frame: 

*All data as of market close 6/12/2014.

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Disclosure: No positions at time of writing.

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