3 ETFs To Watch This Week: EWG, EWU, VXX

by on March 18, 2013 | ETFs Mentioned:

Wall Street was in for some choppy trading sessions last week, as investors seemingly took a breather following a slew of mixed domestic and international economic reports. While small business optimism, U.S. retail sales, and domestic labor data all came in better than expected, equities pulled back after a report showed a disappointing reading in consumer confidence. This week, investors will once again see a slew of economic reports. Below, we outline three ETFs that should see a fair amount of activity during the week ahead [see also 7 Simple & Cheap ETF Model Portfolio]:

1. MSCI Germany Index Fund (EWG, A)

Why EWG Will Be In Focus: This fund is designed to measure the performance of the German equity market, and it is home to over $3.5 billion in total assets. EWG will come into focus on Tuesday as data on Germany’s economic sentiment is released. Economic sentiment is expected to come in slightly lower in March. In the last reading, however, economic sentiment bucked analysts’ expectations, coming in at 48.2 versus the expected 35.3 [see also 17 ETFs For Day Traders].

2. MSCI United Kingdom Index Fund (EWU)

Why EWU Will Be In Focus: This ETF tracks an index that is comprised of roughly 100 securities, and it is designed to measure the overall performance of the British equity market. Investors should keep a close eye on EWU throughout the week as the U.K. Chancellor presents his 2013 budget to Parliament, the Bank of England releases its minutes on Wednesday, and retail sales are reported on Thursday. Retail sales are expected to come in slightly higher for the month of March.

3. S&P 500 VIX Short-Term Futures ETN (VXX, A-)

Why VXX Will Be In Focus: When it comes to measuring the level of uncertainty in the United States, no fund is as prolific as VXX. Its focus will come on Wednesday when the Fed announces its rate decision, which is expected to remain unchanged at 0.25%.  The Central Bank will also be releasing its economic projections for inflation and economic growth. Investors should also keep a close eye on any commentary made by the Fed in its press conference [see also How To Pick The Right ETF Every Time].

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Disclosure: No positions at time of writing.