ETF Action Research

Earnings & Movers

12.1.2020

Daily review of stock specific news including ETFs w/ greatest exposure, curated links and look at performance results for the previous trading session.

World stocks outperform the U.S. in bumper November - CNBC
Exxon Faces Historic Writedown After Energy Markets Implode - Bloomberg
Traditional Auto Makers Are Getting Into EVs. Here Are Their Plans to Battle Tesla. - Barron's
Zoom Fatigue Sets in Early - WSJ

Daily Note

12.1.2020

Breakdown of the previous day's market action through the lens of ETFs

Tech leads sectors as S&P 500 (SPY) falls 0.44% to open the week
Despite 28% rise over last month, Energy sector (XLE) still 40% off of 52-week high
Dollar (UUP) gains 0.24% but downward trend beginning to emerge after rmonths of moving sideways
Many emerging market ETFs still sitting in overbought territory (14-day RSI)

Earnings & Movers

11.30.2020

Daily review of stock specific news including ETFs w/ greatest exposure, curated links and look at performance results for the previous trading session.

The key level to watch in the financials ETF as it paces for its best month since 2009 - CNBC
How the Number One U.S. Semiconductor Company Stumpled - Bloomberg (Odd Lots Podcast)
Tesla Is About to Upend This Sector. What Investors Should Do Now. - Barron's
Driver Data Is a Help and a Hazard for Auto Insurers - WSJ

Latin America Playbook

11.30.2020

An overview of the Latin America ETF landscape - Performance, Flows, Valuations, Earnings, & Technicals.

$79 million in net outflows for Mexico; Brazil still seeing net outflows (-$199MM out over last three months) (page 2)
Region rises 5.20% (ILF) over the week but still down 19.78% YTD (page 3)
Argentina offering largest discount to average historical valuation (page 5)

U.S. Sector Playbook

11.30.2020

An overview of the U.S. Sector ETF landscape - Performance, Flows, Valuations, Earnings, & Technicals.

Flows favor cyclical sectors; Financials see net inflows of $758 million while Utilities see $168 million out (page 2)
S&P 500 gains during the week (SPY +2.35%) while all sectors rise with exception to Real Estate (XLRE -0.32%) (page 3)
Energy quickly rises above 5-year average price/earnings ratio
Financial sector now in overbought territory (page 9)

U.S. Size & Style Playbook

11.30.2020

An overview of the broad U.S. Size & Style ETF landscape - Performance, Flows, Valuations, Earnings, & Technicals.

Nearly $3 billion in net inflows to broad small-cap ETFs over last week; huge inflows for equity ETFs in November (page 2)
U.S. total market advances 2.70% (ITOT) while small-cap value leads (IJS 4.46%)
2020E earnings estimates accelerating higher for small-caps and large-growth (page 6)

Europe Playbook

11.30.2020

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

U.K. leads net inflows (+$97 million) during the week followed by Spain (+$58MM) and Russia (+$42MM) (page 2)
18 of 19 countries advance during the week, Developed Europe (IEV) finishes up 1.87% (page 3)
Majority of European nations have expanding manufacturing PMI; Denmark (PMI at 61.7) and Germany lead (PMI at 57.9) (page 17)

Fixed Income Playbook

11.30.2020

An overview of the Fixed Income ETF landscape - Performance, Flows, Rates, Spreads, and the Fed.

10-year treasury yield largely unchanged at 0.84% (page 3)
US Aggregate (AGG) falls 0.03% over the week, Bank Loan ETFs lead (BKLN +0.74%) (page 3)
$670 million in net inflows to investment grade corporate ETFs, $1.8 billion out of treasury ETFs (page 2)
Fed balance sheet assets rising past summer high, nearing $7.3 billion

Daily Note

11.29.2020

Breakdown of the previous day's market action through the lens of ETFs

Small-caps lead (IWM +3.87%) as major averages move higher during the week
S&P 500 (SPY) gains 2.35% last week as it hits new high
Emerging markets and developed ex-U.S. hit new 52-week highs and sit in overbought territory (14-day RSI)
Energy (XLE) gains over 8% during the week while Real Estate (XLRE) only U.S. sector to decline (-0.32%)

Global Thematic AIM Positioning Guide

11.29.2020

Global Thematic AIM Portfolio returned +5.88% last week, outperforming the MSCI ACWI (ACWI) by 3.49%

Top Performers: PBW +12.54%, REMX +7.74%, IBUY +7.27%
Bottom Performers: ESPO +2.50%, SBIO +2.64%, FINX +3.83%
Since Inception Performance: +41.04% outpacing MSCI ACWI (ACWI) by 23.10%

ETF Action Research

Earnings & Movers

Daily Note

Earnings & Movers

Latin America Playbook

U.S. Sector Playbook

U.S. Size & Style Playbook

Europe Playbook

Fixed Income Playbook

Daily Note

Global Thematic AIM Positioning Guide

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