ETFdb Weekly Watchlist: EWG, TLT, EWJ Hinge On Sentiment Data, FOMC, And BOJ

by on November 18, 2013 | ETFs Mentioned:

U.S. equities edged higher throughout last week, with blue chips logging in several record highs. For the most part, investors turned their attention to Fed Vice Chairwoman Janet Yellen, Obama’s nominee for the next chairman, as she faced questions from lawmakers at the Senate Banking Committee. In the hearing, Yellen emphasized “It’s important not to remove support especially when the recovery is fragile and the tools available to monetary policy should the economy falter are limited. I believe it could be costly to withdraw accommodation or to fail to provide adequate accommodation.”  In economic news, initial jobless claims came in at 339,000 in the latest week, down from a revised 341,000 a week earlier.

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. MSCI Germany ETF (EWG, B)

Why EWG Will Be In Focus: This fund is designed to measure the performance of the German equity market, and it is home to nearly $5 billion in total assets. EWG will come into focus on Tuesday as the German ZEW Economic Sentiment is released. The indicator is expected to come in higher at 54.6, versus the previously recorded 52.8 figure. In the last recording, however, economic sentiment did manage to beat analyst expectations [see Single Country ETFs: Everything Investors Need To Know].

2. Barclays 20 Year Treasury Bond Fund (TLT, B+)Fed Minutes

Why TLT Will Be In Focus: This fund is designed to measure the performance of U.S. Treasury securities that have a remaining maturity of at least 20 years. TLT will come into focus on Tuesday and Wednesday when Bernanke speaks at the National Economists Club and the Fed releases its FOMC Statement, respectively. While in recent commentary Bernanke emphasized that the central bank will continue its bond-buying program for as long as necessary, investors will still be looking for any hints of tapering.

3. MSCI Japan ETF (EWJ, A)

Why EWJ Will Be In Focus: This fund is designed to measure the performance of the Japanese equity market, and it is home to over $12 billion in total assets. It will be important to keep a close eye on EWJ on Thursday as the country’s monetary policy statement is announced. Investors should also pay close attention to the Bank of Japan Press Conference, which will follow the policy statement [see also How To Pick The Right ETF Every Time].

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Disclosure: No positions at time of writing.