By Carl Delfeld of the Chartwell ETF Advisor
American markets on Monday closed down across the board with transport and financial sectors hit hardest. Some markets in Asia welcomed back the first day of trading with up markets. The Taiwan market was up 1.16% and the Shanghai Composite index rose 1.67% for the day. Japan and Australia (EWA) also finished slightly up. European markets were up across the board with exception of Switzerland (EWL). Markets in Chile and Mexico lost 1.6%.
The utilities ETFs were the top performers on Monday with the Utilities HOLDRS (UTH) up 3.02 % and the SPDR Utilities ETF (XLU) up 2.38% and 23.25% during the past year. The Mexico ETF (EWW) lost 2.52% followed by the Dow Jones Transportation ETF (IYT) down 2.2%.
The best performing iShares ETFs year to date through Friday’s close were: Malaysia (EWM) up 18.9%, Transportation (IYT) up 13.4%, Cohen & Steers Realty (ICF) up 12.2%, and Singapore (EWS) up 11.2%. The worst were China (FXI) down 3.7%, Global Energy (IXC) down 2.5%, Taiwan (EWT) down 2.1% and US Home Construction (ITB) down 2%. The best performing global sector ETFs during the last 12 months have been Global Telecoms (IXP) up 36%, Global Materials (MXI) up 33% and S&P Global Utilities (JXI) up 30%.
WisdomTree’s latest ETFs tilt to companies that have higher net income or earnings yield. The tracking indexes use "core earnings" as defined by Standard & Poor's. Two of these launched last week target the 100 large-cap companies with the highest earnings yields, and the stocks with the lowest P/E ratios: WisdomTree Earnings Top 100 Fund (EEZ) and WisdomTree Low P/E Fund (EZY). The Chartwell ETF Advisor added (EEZ) today to one of its seven model ETF portfolios.
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