Global Thematic AIM Portfolio

Overview

Stats:
Funds:14
Acquired Fees:0.63%
TTM Yield:2.32%
Benchmark:ACWI

Inception Date: July 6, 2020

Investment Objective

The ETF Action Global Thematic AIM Portfolio primary objective is to outperform the Global Market as measured by the MSCI ACWI. To accomplish this objective the investment committee utilizes an actively managed process that is governed and implemented using a transparent and repeatable framework.

Key Facts

  • Selection universe limited to equity thematic ETFs as defined by the ETF Action classification system
  • Over/under weight positions driven by transparent, multi-faceted, and repeatable ratings process
  • Fully invested (no cash), does not use leverage or inverse funds

Philosophy

Gaining exposure to long-term secular trends through thematic investing may add growth potential and possibly market outperformance over longer time horizons.  However, returns across thematic exposures can diverge widely based on a number of sub-factors including sector exposure, business cycle, macroeconomic environment, fundamentals, valuations, and sentiment. . 

Following a disciplined process outlined in the methodology guide, ETF Action has created a proprietary process to track and identify themes that we believe have an outsized chance to outperform over various time frames.

All ETF Action Model Portfolios are made available to subscribers for informational purposes only and do not represent actual investments. Full terms of service, including terms of use, copyrights, and disclaimers are available here.

Performance

Performance (as of )

INDEX PERFORMANCE CALCULATED BY indxx. PAST PERFORMANCE IS NO GUARANTEE OF FUTURE PERFORMANCE. INVESTORS CANNOT INVEST DIRECTLY IN AN INDEX, THE PERFORMANCE OF AN INDEX DOES NOT REPRESENT ANY ACTUAL TRANSACTIONS AND ITS PERFORMANCE DOES NOT REFLECT THE DEDUCTION OF ANY FEES OR EXPENSES ASSOCIATED WITH ACTUAL INVESTING.

*Since Common Inception Date

Composition

Model Insights

Global Thematic Playbook

6.22.2022

An overview of the Global Thematic ETF landscape - Performance, Flows, Valuations, Earnings, & Technicals.

  • Over the last week, the ARK Innovation ETF (ARKK) saw the largest net inflows amongst thematic ETFs, gathering $272 million, followed by the KraneShares CSI China Internet ETF (KWEB) which saw $91 million in net inflows. Notably, KWEB now has more overall assets under management than ARKK with $7.3 billion. Over the past 3 months, ARKK has gathered $1.5 billion in net inflows, but has fallen 36.70% while KWEB has seen $1.1 billion in net inflows and climbed 12.40%
  • FinTech ETFs have declined 13.85% on average over the past month and dropped over 44% on average in the past 3 months
  • Each of the top 3 best performing thematic ETFs over the past month are focused on China (KWEBKGRNKEJI) while all of the worst 10 performers in the period are Blockchain ETFs or Cannabis ETFs
  • Year-to-date, all thematic ETFs have posted losses. The top 4 best performers thus far in 2022 are Sustainability ETFs: the Invesco Solar ETF (TAN, -7.17%), the iShares Global Clean Energy ETF (ICLN, -9.24%), the Global X Renewable Energy Producers ETF (RNRG, -9.68%), and the Global X Solar ETF (RAYS, -10.77%)

 

Global Thematic Playbook

6.15.2022

An overview of the Global Thematic ETF landscape - Performance, Flows, Valuations, Earnings, & Technicals.

  • The ARK Innovation ETF (ARKK) saw another $153 million in net outflows over the past week as the fund declined 14.95%. Year-to-date, ARKK is down 60.98%, but has gathered $1.1 billion in net inflows
  • June has been a tough month for global themes as all segments have dropped over 8.75% month-to-date. After plunging 22.26% on average in April and 14.37% on average in May, FinTech ETFs are down another 21.07% on average thus far in June
  • Blockchain ETFs continue to lag other thematic ETFs. Of the 14 Blockchain ETFs launched prior to 2022, 11 have declined over 50% year-to-date and 4 have dropped over 70% year-to-date
  • The KraneShares CSI China Internet ETF (KWEB, +17.92%) led thematic ETFs over the past month followed by the Global X China Innovation ETF (KEJI, +17.38%). Interstingly, over the past 3 month period, KWEB has shot up 48.14% while KEJI is up 9.34%

 

 

Global Thematic Playbook

6.8.2022

An overview of the Global Thematic ETF landscape - Performance, Flows, Valuations, Earnings, & Technicals.

  • The ARK Innovation ETF (ARKK) saw $231 million in net outflows and the First Trust Indxx NextG ETF (NXTG) saw $160 million in net outflows over the plast week, the highest amongst thematic ETFs
  • Over the past month, Sustainability ETFs have climbed 7.58% on average while FinTech ETFs have declined over 14% on average. Sustainability ETFs have outpaced other thematic segments over the 1-month, 3-month, year-to-date, and 1-year periods 
  • The KraneShares CSI China Internet ETF (KWEB) and the Global X Solar ETF (RAYS) each rose over 24% over the past month and were the top performing thematic ETFs
  • Each of the 10 worst performing thematic ETFs over the past month are Blockchain ETFs and all have dropped over 20%

 

Global Thematic Playbook

6.1.2022

An overview of the Global Thematic ETF landscape - Performance, Flows, Valuations, Earnings, & Technicals.

  • The ARK Innovation ETF (ARKK) and the ARK Next Generation Internet ETF (ARKW) saw the highest net inflows over the past week gathering $80 million and $28 million, respectively. The KraneShares CSI China Internet ETF (KWEB) saw the most net outflows on the week with $233 million. In May, ARKK saw $888 million in net inflows and KWEB saw $240 million in net inflows, the highest amongst thematic ETFs. Meanwhile, the iShares Global Clean Energy ETF (ICLN) saw $270 million in net outflows on the month
  • Notably, the Invesco Solar ETF (TAN) lost $170 million in net outflows in May despite posting the 3rd best returns on the month (+10.70%)
  • Sustainability ETFs and Industrial Revolution ETFs have added around 2% on average over the past month while all other thematic segments have seen declines. FinTech ETFs continue to lag, falling 14.37% on average over the month as Blockchain ETFs plunged in May
  • In May, the top performing thematic ETFs were the Global X Solar ETF (RAYS, +15.10%) and the Global X Lithium & Battery Tech ETF (LIT, +12.45%)

 

Global Thematic Playbook

5.25.2022

An overview of the Global Thematic ETF landscape - Performance, Flows, Valuations, Earnings, & Technicals.

  • The KraneShares CSI China Internet ETF (KWEB) gathered another $388 million in net inflows over the past week even after the fund declined over 7% on the week. The ARK Innovation ETF (ARKK) saw $207 million in net outflows last week and declined just over 4%. Year-to-date, KWEB has seen $1.9 billion in net inflows and dropped 32% while ARKK has seen $1.4 billion in net inflows and dropped 58.55%
  • All thematic segments have fallen over 20% on average thus far in 2022. FinTech has been the worst performing segment losing 47.10% on average
  • Only 9 thematic ETFs have posted gains over the past month. The list includes 2 Solar ETFs (RAYS, +9.00% & TAN, +2.81%) and 4 ETFs focused on China (KSTR, +4.69%, KEJI, +3.16%, KGRN, +2.34%, & KFVG, +94 bps)
  • Each of the top 10 worst performing thematic ETFs on the month are Blockchain ETFs, 5 of which have declined over 40% (DAPPCRPTBKCHBITQDAM)

 

Global Thematic Playbook

5.18.2022

An overview of the Global Thematic ETF landscape - Performance, Flows, Valuations, Earnings, & Technicals.

  • The ARK Innovation ETF (ARKK) saw $469 million in net inflows and the KraneShares CSI China Internet ETF (KWEB) gathered $255 million in net inflows while the iShares Global Clean Energy ETF (ICLN) saw $114 million in net outflows over the past week
  • All thematic segments have declined over 10% on average over the past month, with the exception of Industrial Revolution ETFs which have sunk 8.77%. Month-to-date, FinTech ETFs have plunged 16.92% on average
  • Over the last month, only one thematic ETF has posted gains: the ProShares Smart Materials ETF (TINT, +13 bps). 9 of the 10 worst performing ETFs on the month are Blockchain ETFs. The First Trust SkyBridge Crypto Industry & Digital Economy ETF (CRPT), the VanEck Digital Transformation ETF (DAPP), the Global X Blockchain ETF (BKCH), and the VanEck Digital Assets Mining ETF (DAM) have all plunged over 40% over the past month
  • Only three thematic ETFs (REMX, LIT, QTUM) have posted gains over the past year. The worst two performers on the year are Cannabis ETFs (POTX, MJUS) and both have declined over 67%

 

Global Thematic Playbook

5.11.2022

An overview of the Global Thematic ETF landscape - Performance, Flows, Valuations, Earnings, & Technicals.

  • The ARK Innovation ETF (ARKK) gathered another $401 million in net inflows over the past week despite the fund falling over 18% on the week
  • After a brutal April, all thematic segments have fallen thus far in May. FinTech ETFs are down nearly 16% and Evolving Consumer ETFs have dropped over 10.50% in May
  • Each of the 10 worst performing thametic ETFs over the past month are Blockchain ETFs, highlighting recent weakness. The VanEck Digital Assets Mining ETF (DAM), the VanEck Digital Transformation ETF (DAPP), the First Trust SkyBridge Crypto Industry & Digital Economy ETF (CRPT), and the Global X Blockchain ETF (BKCH) have all plunged over 40% over the past month
  • Notably, nearly half (114) of the 233 global thematic ETFs listed in the U.S. are currently trading at 52-week lows

 

Global Thematic Playbook

5.4.2022

An overview of the Global Thematic ETF landscape - Performance, Flows, Valuations, Earnings, & Technicals.

  • For the second consecutive week, the Invesco Solar ETF (TAN) and the KraneShares CSI China Internet ETF (KWEB) saw the largest net outflows with $71 million and $52 million, respectively. The ARK Innovation ETF (ARKK) gathered the most net inflows over the past week with $114 million
  • April was a dismal month for global thematic ETFs performance wise. All thematic segments dropped over 12%, on average, with FinTech ETFs plunging over 22%, on average. With the exception of Sustainability ETFs, which have declined 18.41% year-to-date, all thematic segments are down over 20% thus far in 2022
  • The top performing thematic ETF over the past month was the ProShares Smart Materials ETF (TINT, -3.15%), further highlighting recent weakness in thematics. The worst performer was the AdvisorShares Poseidon Dynamic Cannabis ETF (PSDN) which plummeted another 37.09% on the month
  • Over the past year, only six thematic ETFs (REMX, BUG, CIBR, LIT, WCBR, EVX) have posted gains. REMX has handily outpaced all thematic ETFs on the year rising 26.68%. The four worst 4 performers over the last year are all Cannabis ETFs, each sinking over 65% (POTX, THCX, MSOS,CNBS)

 

Global Thematic Playbook

4.27.2022

  • Over the last week, the KraneShares CSI China Internet ETF (KWEB) and the Invesco Solar ETF (TAN) saw the largest net outflows amongst thematic ETFs with $164 million and $123 million, respectively. Meanwhile, the First Trust NASDAQ Cybersecurity ETF (CIBR) gathered the most net inflows on the week with $71 million. Year-to-date, KWEB has gathered $1.3 billion in net inflows while CIBR has gathered $823 million in net inflows, the most amongst thematic ETFs. TAN has seen $160 million in net outflows thus far in 2022
  • All thematic segments have posted double digit declines over the past month with FinTech ETFs falling furthest, down 23.34%, on average. Evolving Consumer ETFs have also lost over 15% on average during the month
  • Only one thematic ETF has posted gains in the past month: the Pacer Benchmark Data & Infrastructure Real Estate SCTR ETF (SRVR) which is up just 34 bps. Meanwhile, 9 thematic ETFs are down over 30% on the month, all of which are Blockchian ETFs or Cannabis ETFs (DAM, BKCH, WGMI, POTX, DAPP, RIGZ, THCX, BITQ, CRPT)
  • All of the 208 thematic ETFs that launched prior to 2022, have posted losses year-to-date with 15 down over 40%. The ARK Innovation ETF (ARKK) has been the worst performer in 2022, plunging 46.42%

 

Global Thematic Playbook

4.20.2022

An overview of the Global Thematic ETF landscape - Performance, Flows, Valuations, Earnings, & Technicals.

  • The ARK Innovation ETF (ARKK) gathered the most net inflows in the past week amongst thematic ETFs with $308 million. Year-to-date, ARKK has gathered $619 million in net inflows despite being down nearly 37% in the period (2nd worst performing thematic ETF in 2022)
  • Only two thematic ETFs have seen larger net inflows thus far in 2022: the KraneShares CSI China Internet ETF (KWEB) with $1.44 billion and the First Trust NASDAQ Cybersecurity ETF (CIBR) with $752 million. KWEB is down nearly 25% in 2022 while CIBR is down just 1.21%
  • FinTech ETFs continue to lag other thematic segments, dragged lower by Blockchain ETFs. On average, FinTech ETFs are down 24.22% year-to-date
  • Of the 10 worst performing thematic ETFs in the last month, 6 are Blockchain ETFs (DAM, WGMI, BKCH, DAPP, RIGZ, CRPT)

 

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