U.S. markets close in 19 minutes
  • S&P 500

    3,817.66
    -107.77 (-2.75%)
     
  • Dow 30

    31,316.41
    -645.45 (-2.02%)
     
  • Nasdaq

    13,077.44
    -520.52 (-3.83%)
     
  • Russell 2000

    2,212.78
    -71.60 (-3.13%)
     
  • Crude Oil

    63.38
    +0.16 (+0.25%)
     
  • Gold

    1,770.80
    -27.10 (-1.51%)
     
  • Silver

    27.52
    -0.41 (-1.46%)
     
  • EUR/USD

    1.2171
    +0.0003 (+0.02%)
     
  • 10-Yr Bond

    1.5180
    +0.1290 (+9.29%)
     
  • GBP/USD

    1.4009
    -0.0132 (-0.93%)
     
  • USD/JPY

    106.2860
    +0.4040 (+0.38%)
     
  • BTC-USD

    48,772.29
    -348.25 (-0.71%)
     
  • CMC Crypto 200

    977.46
    -17.20 (-1.73%)
     
  • FTSE 100

    6,651.96
    -7.01 (-0.11%)
     
  • Nikkei 225

    30,168.27
    +496.57 (+1.67%)
     

ETF Scorecard: September 7 Edition

  • Oops!
    Something went wrong.
    Please try again later.
  • Oops!
    Something went wrong.
    Please try again later.
  • Oops!
    Something went wrong.
    Please try again later.
  • Oops!
    Something went wrong.
    Please try again later.
  • Oops!
    Something went wrong.
    Please try again later.
  • Oops!
    Something went wrong.
    Please try again later.
  • Oops!
    Something went wrong.
    Please try again later.
  • Oops!
    Something went wrong.
    Please try again later.
  • Oops!
    Something went wrong.
    Please try again later.
  • Oops!
    Something went wrong.
    Please try again later.
  • Oops!
    Something went wrong.
    Please try again later.
  • Oops!
    Something went wrong.
    Please try again later.
  • Oops!
    Something went wrong.
    Please try again later.
  • Oops!
    Something went wrong.
    Please try again later.
  • Oops!
    Something went wrong.
    Please try again later.
  • Oops!
    Something went wrong.
    Please try again later.
  • Oops!
    Something went wrong.
    Please try again later.
  • Oops!
    Something went wrong.
    Please try again later.
  • Oops!
    Something went wrong.
    Please try again later.
  • Oops!
    Something went wrong.
    Please try again later.

To help investors keep up with the markets, we present our ETF Scorecard. The Scorecard takes a step back and looks at how various asset classes across the globe are performing. The weekly performance is from last Friday’s open to this week’s Thursday close.

A Brexit withdrawal treaty is much more likely to be achieved after Germany dropped its demand to have a future trade deal in place before the March 29 deadline. This means that chief aspects of the post-Brexit relationship between Britain and Europe will be negotiated later, during the two-year transition period. Emerging markets have moved into bear market territory this week, raising the prospects of contagion into developed markets. European inflation dropped to 2% in August from 2.1% in the prior month, hitting the European Central Bank’s target. But the ECB is not in a hurry to tighten monetary policy as core inflation hovers around 1%. The rise in inflation is largely due to higher energy prices, a temporary effect. British manufacturing PMI declined to 52.8 in August from 53.8 as fears of a no-Brexit deal has weighed on sentiment. The index reached a two-year low, with such levels not seen since the Brexit referendum vote. Meanwhile, British services PMI improved to 54.3 in August from 53.5. Analysts had expected a figure of 53.9. In the U.S., ISM’s manufacturing sentiment hit 61.6, a level not seen since March 2011, in a sign that the U.S. economy is firing on all cylinders. Analysts had forecasted a rise of 57.6. U.S. non-manufacturing PMI surged to 58.5 from 55.7, but the index is still lower compared to July. ADP forecasted the U.S. economy added 163,000 jobs in August, down from a revised 217,000 in July and lower compared with 195,000 forecasted by analysts. Crude oil inventories continued their drop this week, the third in a row. U.S. stockpiles dropped 4.3 million.

Risk Appetite Review

Risk assets (SPHB B-) had a bad week amid fears of contagion from an emerging markets selloff. (SPHB B-) dropped 1.86%, the worst performance from the pack. Low volatility assets (SPLV A) were in vogue, rising 1.13%. The broad market (SPY A) declined 0.58%. Sign up for ETFdb.com Pro and get access to real-time ratings on over 1,900 U.S.-listed ETFs.

Etfdbcom scorecard risk september 7 2018
Etfdbcom scorecard risk september 7 2018

Major Index Review

Major indexes were all down with one exception. Unsurprisingly, emerging markets (EEM A-) were hit the most, shedding 2.63% of their value in the past five days. A strong dollar combined with rising U.S. interest rates and American protectionism has deteriorated emerging markets’ prospects. Emerging markets are also the worst performers for the rolling month, down 5.9%. At the other end of the spectrum is blue-chip index Dow Jones (DIA A-), which rose 0.27%. Investors were allured by the index’s relative safety. (DIA A-) is also the best monthly performer, up 1.68%. To see how these indices performed a week before last, check out ETF Scorecard: August 31 Edition.

Etfdbcom scorecard major september 7 2018
Etfdbcom scorecard major september 7 2018

Sectors Review

Dragged down by oil and natural gas, the energy sector (XLE A) is the worst performer for the week with a decline of 2.65%. Combined with losses posted in previous weeks, (XLE A) became the worst performer for the rolling month as well, down 4.56%. Utilities (XLU A) are up 1.84% for the week, beating all other sectors, as investors sought safe-haven assets. (XLU A) is also the best monthly performer with a rise of 2.87%. Use our Head-to-Head Comparison tool to compare two ETFs such as (XLE A) and (XLU A) on a variety of criteria such as performance, AUM, trading volume and expenses.

Etfdbcom scorecard sectors september 7 2018
Etfdbcom scorecard sectors september 7 2018

Foreign Equity Review

Foreign markets are almost all down. Brazil (EWZ B+) managed to deliver the surprise, advancing 0.69% for the week, the only asset to post gains. Yet Brazil is no safe haven. (EWZ B+) remains the worst monthly performer, tumbling as much as 14.4%. Germany (EWG B+) is decidedly the worst performer for the week, down 3.32%, amid a selloff in most foreign markets. India (EPI B+) is the best monthly performer, dropping just 2.42%. To find out more about ETFs exposed to particular countries, use our ETF Country Exposure tool. Select a particular country from a world map and get a list of all ETFs tracking your pick.

Etfdbcom scorecard foreign september 7 2018
Etfdbcom scorecard foreign september 7 2018

Commodities Review

Commodities were mostly in the red. The agricultural fund (DBA A) acted as a safe haven in a deep selloff, rising 0.65% for the week. Natural gas (UNG B-), meanwhile, is down 4.80% despite a U.S. inventory report that was in line with expectations. Silver (SLV C+) remains the worst monthly performer, declining as much as 8.21%. Thanks to strong gains in previous weeks, crude oil (USO A) posted the strongest performance for the rolling month, still dropping 0.90%.

Etfdbcom scorecard commodities september 7 2018
Etfdbcom scorecard commodities september 7 2018

Currency Review

Currencies were all down, except the U.S. dollar. The U.S. dollar (UUP A) has advanced 0.20% for the week, extending monthly gains to 0.24%. A strong U.S. economy has increased bets that the Federal Reserve will hike interest rates at a faster pace than previously expected. Emerging markets currencies (CEW A) dropped the most this week, down 0.95%. Unsurprisingly, (CEW A) is also the worst performer for the rolling month with a decline of 4.67%.

Etfdbcom scorecard currency september 7 2018
Etfdbcom scorecard currency september 7 2018

For more ETF analysis, make sure to sign up for our free ETF newsletter.

Disclosure: No positions at time of writing.

Click here to read the original article on ETFdb.com.