ETFdb Weekly Watchlist: XRT, ITB, EWC Hinge On Consumer, Housing and Canadian GDP Data

by on June 24, 2013 | ETFs Mentioned:

Wall Street was in for several volatile sessions last week, as investors digested the latest commentary from the FOMC meeting. Though Bernanke gave a rather optimistic outlook for the U.S. economy, the chairman announced that the Fed will continue its $85 billion-per-month bond-buying program for now, but that a tapering could be seen sometime later this year. 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. SPDR S&P Retail ETF (XRT, A)

Why XRT Will Be In Focus: This ETF tracks an index that is comprised of the roughly 100 U.S.-listed, publicly-traded retail companies, a targeted sub-sector of the consumer discretionary space. Investors should keep a close eye on XRT on Tuesday as the Conference Board’s Consumer Confidence Index is reported. Analysts are expecting the metric to decrease to 75.6 from 76.2. [see Single Country ETFs: Everything Investors Need To Know].

2. Dow Jones U.S. Home Construction Index Fund (ITB, A)Consumer Confidence

Why ITB Will Be In Focus: This fund is designed to measure the performance of the home construction sector of the U.S. market. Its focus will come on Tuesday as U.S. new home sales are reported, and Friday as pending home sales are reported. Both figures are expected to come in higher than previous readings.

3. MSCI Canada Index Fund (EWC, B+)

Why EWC Will Be In Focus: With over $3.7 billion in total assets under management, this ETF is by far the most popular option for investors looking to add exposure to the Canadian equities market. Its focus will come at the end of this week as Canada’s monthly GDP figures are released. Analysts expect GDP to remained unchanged from the previous month; in May, the economy was reported to have grown only 0.2% [see also How To Pick The Right ETF Every Time].

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Disclosure: No positions at time of writing.