We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
5 Winning ETFs of Last Week That Were Up At Least 2.9%
Read MoreHide Full Article
Wall Street was subdued last week due to the Fed’s taper talks. The spread of the COVID-19 delta variant and China's persistent crackdown on its tech sector also weighed on the global markets. The S&P 500, the Dow Jones and the Nasdaq have lost 0.6%, 1.11% and 0.7% last week.
Investors’ sentiment, however, restored to close out the week after Dallas Federal Reserve President Robert Kaplan said he could adjust his views on the Fed QE tapering if the Delta variant wreaks havoc on the economy, as quoted on the Street.com article. As a result, indexes gained handsomely on the final day of the week and lowered weekly losses. Notably, Kaplan said earlier this month he wanted a QE tapering announcement as early as in September.
Against this backdrop, below we highlight a few winning ETFs of the last week.
ETFs in Focus
The Short De-Spac ETF – Up 10%
This ETF is active and does not track a benchmark. The Short De-SPAC ETF is an actively managed exchange traded fund that attempts to achieve the inverse of the return of the De-SPAC Index. The index offers pure-play exposure to private companies that come public as the result of a merger with a Special Purpose Acquisition Company. The fund’s expense ratio is 1.05%.
The underlying Capesize 5TC Index, Panamax 4TC Index & Supramax 6TC Index measure rates for shipping dry bulk freight. Gradual global reopening continues to help this fund. A commodity boom is driving the prices as demand for shipping is high. Ultra-easy monetary and fiscal policies as well as supply chain issues and higher demand from e-commerce companies are also boost the shipping ETF (read: This Multibagger ETF Still Looks Like a Buy: Here's Why).
Philippines’ stocks gained last week despite regional downtrend as “investors remain optimistic there won’t be another round of stricter quarantine measures which could further dampen economic activities in the country,” as quoted on a source. Despite the Philippine government’s downgrade of its 2021 growth target, investors betted big on bargain stocks of that market, per the source.
Global X MSCI Colombia ETF (GXG - Free Report) – Up 3.7%
The underlying MSCI All Colombia Select 25/50 Index is designed to represent the performance of the Broad Colombian Equity Universe, while including constituents with minimum level of liquidity and applying the MSCI 25/50 Indexes methodology. The expense ratio of the fund is 0.62%.
Arrow DWA Country Rotation ETF (DWCR - Free Report) – Up 2.9%
The underlying Dorsey Wright Country and Stock Momentum Index selects at least ten countries with the highest relative strength among the universe of 41 foreign countries on a quarterly basis. The fund’s expense ratio is 1.36%.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
5 Winning ETFs of Last Week That Were Up At Least 2.9%
Wall Street was subdued last week due to the Fed’s taper talks. The spread of the COVID-19 delta variant and China's persistent crackdown on its tech sector also weighed on the global markets. The S&P 500, the Dow Jones and the Nasdaq have lost 0.6%, 1.11% and 0.7% last week.
Investors’ sentiment, however, restored to close out the week after Dallas Federal Reserve President Robert Kaplan said he could adjust his views on the Fed QE tapering if the Delta variant wreaks havoc on the economy, as quoted on the Street.com article. As a result, indexes gained handsomely on the final day of the week and lowered weekly losses. Notably, Kaplan said earlier this month he wanted a QE tapering announcement as early as in September.
Against this backdrop, below we highlight a few winning ETFs of the last week.
ETFs in Focus
The Short De-Spac ETF – Up 10%
This ETF is active and does not track a benchmark. The Short De-SPAC ETF is an actively managed exchange traded fund that attempts to achieve the inverse of the return of the De-SPAC Index. The index offers pure-play exposure to private companies that come public as the result of a merger with a Special Purpose Acquisition Company. The fund’s expense ratio is 1.05%.
Breakwave Dry Bulk Shipping ETF (BDRY - Free Report) – Up 7.2%
The underlying Capesize 5TC Index, Panamax 4TC Index & Supramax 6TC Index measure rates for shipping dry bulk freight. Gradual global reopening continues to help this fund. A commodity boom is driving the prices as demand for shipping is high. Ultra-easy monetary and fiscal policies as well as supply chain issues and higher demand from e-commerce companies are also boost the shipping ETF (read: This Multibagger ETF Still Looks Like a Buy: Here's Why).
Philippines iShares MSCI ETF (EPHE - Free Report) – Up 4%
Philippines’ stocks gained last week despite regional downtrend as “investors remain optimistic there won’t be another round of stricter quarantine measures which could further dampen economic activities in the country,” as quoted on a source. Despite the Philippine government’s downgrade of its 2021 growth target, investors betted big on bargain stocks of that market, per the source.
Global X MSCI Colombia ETF (GXG - Free Report) – Up 3.7%
The underlying MSCI All Colombia Select 25/50 Index is designed to represent the performance of the Broad Colombian Equity Universe, while including constituents with minimum level of liquidity and applying the MSCI 25/50 Indexes methodology. The expense ratio of the fund is 0.62%.
Arrow DWA Country Rotation ETF (DWCR - Free Report) – Up 2.9%
The underlying Dorsey Wright Country and Stock Momentum Index selects at least ten countries with the highest relative strength among the universe of 41 foreign countries on a quarterly basis. The fund’s expense ratio is 1.36%.