ETFdb Weekly Watchlist: EWG, VXX, VIS Hinge On German Sentiment, The Fed And Manufacturing Data

by on June 17, 2013 | ETFs Mentioned:

Volatility returned on Wall Street last week, as investors digested a slew of economic news and data. Standard & Poor’s Rating Services raised its outlook for the nation’s credit from negative to stable, leading many to once again speculate when the central bank might scale back its bond-buying program. Meanwhile, the Labor Department reported that weekly jobless claims declined to the lowest level in almost five years. This week, investors will once again see many economic reports. Below, we outline three ETFs that should see a fair amount of activity during the week ahead [see also The Cheapest ETF for Every Investment Objective]:

1. MSCI Germany Index Fund (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 over $3.9 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 higher at 38.2, compared to the previously recorded 36.4 figure [see Single Country ETFs: Everything Investors Need To Know].

2. S&P 500 VIX Short-Term Futures ETN (VXX)

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 as the FOMC reports its economic projects and monetary policy statement. VXX may also see increased activity as Fed Chairman Ben Bernanke delivers his commentary at his press conference.

3. Industrial ETF (VIS, A+)

Why VIS Will Be In Focus: This ETF tracks an index that is comprised of the roughly 350 U.S.-listed, publicly-traded companies in the industrial sector. Investors should keep a close eye on VIS on Thursday as the Philly Fed Manufacturing Index is reported. Analysts expect the metric to contract  by 0.8, as compared to the previously recorded -5.2 figure [see also How To Pick The Right ETF Every Time].

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Disclosure: No positions at time of writing.