ETFdb Weekly Watchlist: ENZL, VGK, XLI Hinge on RBNZ and Industrial Data

by on November 11, 2013 | ETFs Mentioned:

U.S. equities slipped into red territory for most of last week, as investors weighed the latest economic reports against the prospect of the Fed tapering its bond purchases soon. U.S. factory orders declined 0.1%, while ISM non-manufacturing PMI rose to 55.4 from 54.4 in October. U.S. GDP for the third quarter was reported to grow 2.8%, up from 2.5% in the previous quarter and well above the expectation of 2%. The Labor Department reported U.S. payrolls advancing by 204,000 jobs last month; analysts had expected an increase of only 120,000. Private sector jobs increased 212,000 in October, the strongest gain since February. The nation’s unemployment rate ticked slightly higher to 7.3% from 7.2%, reflecting the federal employees furloughed during the 16-day government shutdown.

This week, investors will once again see a slew of earnings and economic reports. Below, we outline three ETFs that should see a fair amount of activity during the week ahead [see The Best (And Worst) Performing ETFs For Every Quarter].

1. New Zealand Capped ETF (ENZL, B)

Why ENZL Will Be In Focus: This fund is designed to reflect the performance of the New Zealand equity market, making it the only exchange-traded product of its kind. ENZL’s focus will come on Tuesday and Wednesday when the Royal Bank of New Zealand’s Financial Stability report and the nation’s retail sales are reported, respectively. New Zealand’s retail sales are expected to slow to 0.9% from the previously recorded 1.7%. On Tuesday, RBNZ Governor Wheeler is also slated to speak [see Single Country ETFs: Everything Investors Need To Know].

2. FTSE Europe ETF (VGK, A)Euro

Why VGK Will Be In Focus: This ETF offers broad-based exposure to the developed economies of Europe, spreading holdings across more than a dozen markets. Its place in the spotlight will come on Wednesday and Thursday when European industrial production and French, German, and Italian preliminary GDP figures are released. Industrial production is expected to decrease 0.2%, versus the previously recorded 1.0%. French and German preliminary GDP are both expected to decrease to 0.1% and 0.3%, respectively. Italian prelim GDP is expected to slip to -0.2%, slightly better than the previously recorded -0.3% figure.  

3. Industrial Select Sector SPDR ETF (XLI, A)

Why XLI Will Be In Focus: This ETF is one of the most popular on the market, with over $7.4 billion in assets and an average daily volume just under 10 million. XLI seeks to replicate the performance of the U.S. industrial sector and will be in focus this week as the Empire State Manufacturing Index and U.S. industrial production are reported on Friday. Empire State is expected to come in at 5.2, a significant increase from the previously recorded 1.5 figure. Industrial production is expected to slow to 0.1% versus the previous 0.6% recording [see also How To Pick The Right ETF Every Time].

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Disclosure: No positions at time of writing.