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Below we have updated our ETF Asset Allocation Matrix which summarizes the performance of key ETFs across the spectrum of asset classes this week, this month, and YTD.
Weeks don’t get much more positive than this one. Outside of the Utilities sector ETF (XLU) and a number of fixed income ETFs, every other ETF was up on the week. Leadership this week was centered in large caps, growth, Technology, Communication Services, and even—hold on to your hats– Financials! Among individual countries, Brazil, China, and India all traded up over 3%. Commodities were also strong on the week with all five of the ETFs tracked in our Matrix gaining more than 4%.
Looking through the various MTD performance numbers, they look more like returns you would see for an entire year! The Nasdaq 100 ETF and the Tech sector Spyder (XLK) are both up over 10% MTD. The only laggards of note have been Brazil (EWZ), Long-Term Treasuries (TLT), and the Utilities sector ETF (XLU).
Year to date, eight ETFs are up over 20%, led by Silver (SLV) which has gained more than 50%, while just three ETFs (Energy—XLE, Brazil—EWZ, and Mexico—EWW) are down more than 20%.