To help investors keep up with the markets, we present our ETF Scorecard. The Scorecard takes a step back and looks at how various asset classes across the globe are performing.
Fed commentary took center stage once again after the minutes revealed the central bank is divided on whether or not to raise rates. China’s economic concerns were also raised in the minutes. Making matters worse, Chinese data continued to disappoint, sending global equities into a steep sell off.
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Risk Appetite Review
U.S. equity markets were hit hard this week, with the S&P 500 falling into negative territory for 2015. Not surprisingly, the S&P High Beta Fund was the worst performer of the week, shedding 4.25%.
Major Index Review
Across the board, major global indexes tumbled this week, with emerging markets and EAFE funds logging in the steepest declines. On the month, every major index is in the red.
Foreign Equity Review
Single country ETFs did not fare much better this week, with the China ETF (FXI ) posting the biggest decline at 6.97%. Over the trailing one-month period, however, Brazil continues to be the worst performer, shedding 16.47%.
Commodities Review
Metals were the top winners once again this week, with gold leading the pack, gaining 3.35%. Oil was the worst performer on the week, after WTI flirted with the $41/barrel mark. On the month, oil continues to be the worst performer.
Currency Review
The U.S. fell once again this week, shedding 0.52%. The yen was this week’s top performer, gaining 0.78%. Over the trailing one-month period, emerging-market currencies continue to decline.
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Disclosure: No positions at time of writing.
