ETF Scorecard – May 30th Edition

ETF Database

Major equity indexes rose higher this week thanks to a number of encouraging data releases. With earnings season now behind us, investors cheered on upbeat economic data, including better-than-expected durable goods orders and consumer confidence on Tuesday, improving weekly jobless claims on Thursday, while the worse-than-expected U.S. GDP revision didn’t get much attention.

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 performance across short-term and longer-term time intervals [for more ETF news and analysis subscribe to our  free newsletter ].

Risk Appetite Review

The bulls returned to Wall Street and investors’ risk appetite increased as evidenced by High Beta stocks leading the charge higher:

Major Index Review

The Nasdaq and Russell 2000 are in the lead since last week, further showcasing investors’ willingness to take on more risk: 

Domestic Sector Review

Every sector enjoyed a positive performance over the past week; from a monthly perspective, Utilities are the biggest laggard and only sector in red territory:

Sector Valuations

There were not any material changes in sector valuations, although energy was the only sector whose P/E contracted from last week: 

 

Foreign Equity Review

Developed markets took the lead from a weekly perspective, although when considering one-month ago returns, Russia and India are outperforming the rest of the pack by a wide margin:

Regional Valuations

Nearly all of the regions saw their P/Es rise over the past week, except for Latin America and the Middle East whose valuations experienced minor contractions: 

Fixed-Income Review

Bond yields inched slightly lower as investors gradually moved back into various corners in the fixed income space: 

Alternatives Review

Commodities

Natural gas was by far the biggest winner over the past week while bearish pressures kept a lid on the precious metals corner, sending gold and silver prices lower for the week: 

Currencies

Currency returns were all over the board from a one-week ago perspective; the Aussie dollar was the biggest winner while the British pound was the biggest loser: 

*All data as of market close 5/29/2014.

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Disclosure: No positions at time of writing.

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