ETF Select 100 – December 2017

London, 30th November 2017 – summary of performance and changes to ETF Select 100

ETF Select 100 is a list of some of the best-in-class Exchange Traded Funds (ETFs) available in the UK market today and is updated by ITI Data Vision (ITI) every month. ETF Select 100 is used on the ETF Centre, in collaboration with Equiniti Selftrade.

The names of the ETFs in ETF Select 100 have been simplified to make it quicker and easier to understand what the ETF aims to track.

Best and worst performers

The ETF Select 100 top 10 performers in the last month:

TickerNameLegal Name1 Month Return
IITUiShares USA S&P 500 information technologyiShares S&P 500 Information Technology Sector UCITS ETF9.20%
XDNSdb X-trackers Japan Nikkei 400db x-trackers JPX-Nikkei 400 UCITS ETF (DR) 1D7.74%
XMJPdb X-trackers Japandb x-trackers MSCI Japan Index UCITS ETF (DR) 1C7.54%
IWFMiShares global momentumiShares MSCI World Momentum Factor UCITS ETF6.22%
XDJPdb X-trackers Japan Nikkei 225db x-trackers Nikkei 225 UCITS ETF (DR) 1D5.53%
DAXXLyxor GermanyLyxor DAX (DR) UCITS ETF5.16%
XDDXdb X-trackers Germanydb x-trackers DAX® UCITS ETF (DR) - Income 1D5.16%
IWFViShares global valueiShares MSCI World Value Factor UCITS ETF4.64%
IUVFiShares USA valueiShares Edge MSCI USA Value Factor ETF4.26%
XLKQSource USA S&P technologySource Technology S&P US Select Sector UCITS ETF4.23%

The ETF Select 100 worst 10 performers in the last month:

TickerNameLegal Name1 Month Return
XS7Rdb X-trackers Europe 600 banksdb x-trackers Stoxx® Europe 600 Banks UCITS ETF 1C-4.03%
S7XPSource Europe excluding UK banksSource EURO STOXX Optimised Banks UCITS ETF-3.89%
XSDRdb X-trackers Europe health caredb x-trackers Stoxx® Europe 600 Health Care UCITS ETF 1C-2.99%
EUEiShares Europe excluding UK 50 incomeiShares EURO STOXX 50 UCITS ETF (Dist)-2.00%
UIFSiShares USA S&P 500 financial servicesiShares S&P 500 Financials Sector UCITS ETF-1.92%
XLFQSource USA S&P financialsSource Financials S&P US Select Sector UCITS ETF-1.92%
CS51iShares Europe excluding UK 50 accumulationiShares Core EURO STOXX 50 UCITS ETF-1.84%
H50EHSBC Europe excluding UK 50HSBC EURO STOXX 50 UCITS ETF-1.78%
XESCdb X-trackers Europe excluding UK 50 accumulationdb x-trackers Euro Stoxx 50® UCITS ETF (DR) 1C-1.75%
XESXdb X-trackers Europe excluding UK 50 incomedb x-trackers Euro Stoxx 50® UCITS ETF (DR) 1D-1.74%

Source of data: Morningstar as at 22nd November 2017. Prices are displayed in British pound sterling (GBP). Fund returns are calculated on a bid to bid basis with income reinvested. These figures do not include an initial charge. Past performance is not a guide to future returns.

Early November saw a brief wobble in stock market confidence but then the upward trend resumed, and new highs were once again recorded by the world’s major stock indices.

Technology and Japanese equities were the star performers amongst the ETF Select 100, as they had also been in October.

Stock market indices appear on course to record in November a 13th straight month of gains for only the fifth time since records have been studied going back to 1871. The longest monthly winning streak has been 15 months, recorded between March 1958 and May 1959. Think about tossing a coin and obtaining 13 (or 15) heads in a row!

ETFs once again saw net new asset inflows and it is estimated that total worldwide ETF assets rose above $4 trillion for the first time during the month.

Amongst the ETFs included in the ETF Select 100, Japan equity ETFs were the big winners in terms of asset flows and performance as were US Tech Sector ETFs.

ETF exposure to European equities saw marginal asset flow declines – Brexit or German political uncertainty spooking investors?

Overall, ETFs offering worldwide equity exposure received the most money – perhaps a sign of general confidence in world economic growth prospects and the difficulty of picking geographic or country winners. Don’t look for needles in a haystack – just buy the haystack.

The only possible fly in this rosy ointment is the continuing flattening of the US bond yield curve, now as flat as it has been in ten years. This is of concern, as a flat or inverted yield curve (the difference between short term and long dated interest rates) has accurately been a pre-cursor or predictor of the last seven recessions. We will keep reporting on the state of this indicator.

 

ETFs Leaving or Joining ETF Select 100

ETFs joining the ETF Select 100 this month:

TickerNameLegal Name
Total5
CRPSiShares global corporate bondiShares Global Corporate Bond UCITS ETF
IAEXiShares NetherlandsiShares AEX UCITS ETF
SLXXiShares UK corporate bondiShares Core £ Corporate Bond UCITS ETF
FTALState Street UK FTSE all shareSPDR® FTSE UK All Share UCITS ETF
USPGUBS USA S&P 500UBS (Irl) ETF plc - S&P 500 UCITS ETF (hedged to GBP) A-dis

ETFs leaving the ETF Select 100 this month:

TickerNameLegal NameReason
Total6
XASXdb X-trackers UK FTSE all sharedb x-trackers FTSE All-Share UCITS ETF (DR) 1Daverage relative spread over threshold
SEAGiShares Europe bondiShares Euro Aggregate Bond UCITS ETFrolling average number of daily trades under threshold
IBCIiShares Europe government inflation-linked bondiShares Euro Inflation Linked Government Bond UCITS ETFrolling average number of daily trades under threshold
XLVPSource USA health careSource Health Care S&P US Select Sector UCITS ETFaverage relative spread over threshold
XLIPSource USA S&P industrialSource Industrials S&P US Select Sector UCITS ETFaverage relative spread over threshold
VEVEVanguard global developedVanguard FTSE Developed World UCITS ETFaverage relative spread over threshold

Source of data: Morningstar as at 22nd November 2017. Prices are displayed in British pound sterling (GBP). Fund returns are calculated on a bid to bid basis with income reinvested. These figures do not include an initial charge. Past performance is not a guide to future returns.

Contact:  info@theitigroup.com

About ITI Data Vision and the ITI Group

ITI Data Vision (ITI) are specialist ETF investment experts. They are mathematicians, statisticians, programmers, data managers, technology and operational engineers with a long track record of successful investment management. ITI research ETFs themselves to look at ways in which they can deliver low cost, absolute and stable returns and are actively investing in ETFs every day, both in the UK and United States.

For more information about ITI, see itidv.com.

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