Each week we typically provide an update on asset class performance, and below is a look at how various areas of financial markets have performed recently. In the matrix below, we use ETFs traded on US exchanges to track performance, which we look at on a total return basis over the last week, quarter-to-date, and year-to-date.
After hitting a rough patch in early June, the Tech-heavy Nasdaq 100 (QQQ) was the top performing US index ETF this week. Year-to-date, QQQ is up more (+19.6%) than any other US equity related ETF in our matrix. While QQQ was up 2.09% this week, we saw the S&P Midcap and Smallcap ETFs (IJH and IJR) pull back a bit. The S&P 500 (SPY) and Dow 30 (DIA) are finishing the week just slightly higher.
While the broad market was marginally in the green this week, eight sectors actually declined while just two gained. Telecom (IYZ), Energy (XLE), and Financials (XLF) struggled the most, while Health Care (XLV) and Technology (XLK) are the two sectors that finished higher.
Outside of the US, the Chinese equity market (ASHR) is the only area of the world that saw nice gains this week at +2.85% following the announcement that they will be included in the MSCI EM indices. Brazil (EWZ), Australia (EWA), Spain (EWP), and the UK (EWU) all saw declines of more than 1%.
Energy commodities were deep in the red this week, and they’re deep in the red both QTD and YTD as well. In fixed income, the 20+ Year Treasury ETF (TLT) saw a nice gain of 1.01% this week and is now up 6.39% in Q2.
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