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ETF Scorecard: January 12 Edition

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. The weekly performance is from last Friday’s open to this week’s Thursday close.The most important data this week was released last Friday.The U.S. economy added 148,000 jobs in December, disappointing analysts, who had expected 191,000. To investors’ luck, the figure from the prior month was revised up by 24,000 to 252,000.The U.S. unemployment rate, meanwhile, stood flat at 4.1%, while average hourly earnings rose 0.3% month-over-month and 2.5% year-over-year. Both figures were broadly in line with estimates.The U.S. non-manufacturing index dropped a few points to 55.9, against 57.4 in the previous month. Analysts had expected a modest rise in sentiment to 57.6.Eurozone inflation stood still at 1.4% in December, ending the year well below the ECB target of 2%. Core inflation, meanwhile, disappointed analysts, coming in at 0.9% compared to forecasts of 1%.Crude oil reserves dropped by 4.9 million barrels in the week ended January 5, marking the eighth consecutive decrease. At the same time, gasoline stocks rose 4.1 million barrels.U.S. unemployment claims came in at 261,000 for the week ended January 6, below consensus forecasts of 245,000. In the prior week, claims stood at 250,000.U.S. Producer Price Index fell 0.1% in December compared to a rise of 0.4% in the prior week. Year-over-year, PPI stands at a healthy level of 2.6%. Core PPI fell by a similar amount month-over-month and was up 2.3% compared to the same period last year.Risk Appetite ReviewThe markets continued their rally this week.The S&P 500 (SPY A) advanced 1.32% in the past five days, representing the second-best performance from the pack.High Beta (SPHB B-) was the best performer for the second consecutive week, with a rise of 2.38%.Low Volatility (SPLV A) reversed some of the losses registered in the previous week and was up 0.10%. Sign up for Pro and get access to real-time ratings on over 1,900 U.S.-listed ETFsMajor Index ReviewGlobal markets were all up.Russell 2000 (IWM B+) was the best performer, advancing 1.69% in the past five days on optimism about the new tax plan in the U.S.Emerging markets (EEM A-) rose the least, just by 0.45%, as many countries were in sell-off mode due to rising bond yields across the board. China was the only emerging market that bucked the trend. (EEM A-), however, was the best monthly performer with a staggering advance of 7.22%, thanks to rising commodity prices.The S&P 500 (SPY A) was the worst monthly performer, posting gains of 3.50%. To see how these indices performed a week before last, check out the ETF Scorecard: January 5 Edition.Sectors ReviewIn a rare feat, industrial shares (XLI A) were the best performers for the week with an advance of 2.54%, helped by positive news from Delta Air Lines (DAL), which boosted earnings guidance thanks to the new tax law.The real estate sector (XLRE ), meanwhile, was the worst weekly performer with a drop of 2.63%.Energy stocks (XLE A) were up as much as 10.2% for the rolling month, representing the best performance from the pack.Utilities (XLU A) disappointed again this week, as investors shunned the sector due to a rising risk appetite. (XLU A) is down 9.7% for the rolling month. Foreign Equity ReviewForeign equities were all up with the exception of Germany.Buoyed by strong oil prices, Russia (RSX B+) advanced 2.80% this week, beating its counterparts.Germany (EWG B+) was the only faller from the pack – down 0.50% due to a rising euro and a hawkish European Central Bank. (EWG B+) is also the worst monthly performer, rising only 3.30%.Brazil (EWZ B+) is the best performer for the rolling month, with an impressive advance of 12.24%. To find out more about ETFs exposed to particular countries, check our ETF Country Exposure tool. Select a particular country from a world map and get a list of all ETFs tracking your pickCommodities ReviewCommodities posted mixed performances.Natural gas (UNG B-) was by far the best performer this week, surging nearly 11% thanks to rising demand for heating fuel as the U.S. experienced record-low temperatures last week.Agricultural commodities (DBA A) suffered a decline of 1.5% this week, representing the worst performance. As a result of the fall, (DBA A) was also the worst monthly performer with a rise of 1.9%.Up 9.11%, oil (USO A) beat all its commodity peers by a few basis points on a monthly basis. Use our Head-to-Head Comparison tool to compare two ETFs such as (DBA A) and (UNG B-) on a variety of criteria such as performance, AUM, trading volume and expenses.Currency ReviewThe Japanese yen (FXY C+) surged 1.82% this week, as Bank of Japan decided to trim its asset purchase program.The British pound (FXB A-) posted the worst performance from the pack, dropping 0.15% for the week.The Australian dollar (FXA A-) remains the best monthly performer – up 4.34%, while the U.S. dollar’s (UUP A) drop of 2.16% was the worst. For more ETF analysis, make sure to sign up for our free ETF newsletter.

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