Utilities ETFs Sneak into our Weekly Top ETF list

European investors turn defensive with Utilities ETFs

Rising concerns over a surge in global COVID-19 cases shifted European investors focus on defensive shares like utilities, a sector considered more stable during times of economic uncertainty.

Source: Trackinsight.com

The STOXX Europe 600 Utilities index which tracks companies from the European Utilities sector rose by 3.24% last week.

European ETFs which track that index traded in green territory with Invesco STOXX Europe 600 Optimised Utilities UCITS ETF (X6PS), Lyxor STOXX Europe 600 Utilities UCITS ETF and iShares STOXX Europe 600 Utilities UCITS ETF (EXH9) posting similar +3-3.5% gains. SPDR MSCI Europe Utilities UCITS ETF (STU) which follows a different index followed path with +3.42%.

Philippines investors go bargain hunting

The Philippines Stock Exchange Composite Index (PSEi) was close to completing a “Five-Bagger” last week, closing higher the first four days before losing steam on Friday. PSEi ended the week at 6,633.22, +3.31% higher than Monday’s opening value of 6,420.31.

Source: Trackinsight.com

One week prior, investor sentiment leaned bearish due to rising new infections and movement restrictions, triggering a major selloff. The drop lured in bargain hunters, who turned bullish after President Rodrigo Duterte proposed a record $99.13 billion

budget for 2022, 11.5% higher than the previous year, to spark economic recovery.

In America, the iShares MSCI Philippines ETF (EPHE), which invests in Philippines equities rose by + 5.03% last week. Its two largest holdings are real estate companies SM Prime Holdings Inc (10.77%) and Ayala Land Inc (8.54%).

In Europe, Xtrackers MSCI Philippines UCITS ETF (XPHIL) which also targets Phillippines stocks recorded a +5.06% increase in the same period.

Honorable Mentions: Crypto ETFs and Breakwave Dry Bulk Shipping ETF

Cryptocurrencies continue their bullish run as total Crypto market tops $2 trillion for the first time in nearly 3 months, led by Bitcoin and Ethereum. Crypto ETFs have dominated our weekly top or bottom ETF lists due to their wild swings. This week, our European top ETFs list features 21Shares Polkadot ETP with+31.4% gains. In our Americas list, Horizons Bitcoin ETF posted a modest +4.73% gain.

Breakwave Dry Bulk Shipping ETF (BDRY), one of the top performing ETFs year-to-date continues to shine of with +4.08% gain last week.

Healthcare ETFs were among investors favourite last week, like utilities, a defensive sector. Brompton Global Healthcare Income & Growth ETF and Harvest Healthcare Leaders Income ETF were among our top ETFs of the week list with +2.14% and +2.10% gains respectively.

Top 10 ETFs of the Week:

• Europe
• Xtrackers MSCI Philippines UCITS ETF: +5.95%
• Lyxor S&P 500 VIX Futures Enhanced Roll UCITS ETF: +5.82%
• Invesco STOXX Europe 600 Optimised Utilities UCITS ETF: +3.53%
• SPDR MSCI Europe Utilities UCITS ETF : +3.42%
• Xtrackers Stoxx Europe 600 Utilities Swap UCITS ETF: +3.40%
• Lyxor STOXX Europe 600 Utilities UCITS ETF: +3.40%
• iShares STOXX Europe 600 Utilities UCITS ETF: +3.39%
• WisdomTree Lean Hogs: +3.24%
• iShares US Medical Devices UCITS ETF: +2.87%
• Expat Macedonia MBI10 UCITS ETF: +2.84%

Americas

• iShares MSCI Philippines ETF: +5.03%
• Breakwave Dry Bulk Shipping ETF: +4.08%
• Fondo Bursátil iShares COLCAP: +3.68%
• ProShares VIX Mid-Term Futures ETF: +3.66%
• AdvisorShares Ranger Equity Bear ETF: +2.99%
• Global X MSCI Colombia ETF: +2.73%
• AGFiQ US Market Neutral Anti-Beta Fund: +2.70%
• Cambria Sovereign Bond ETF: +2.23%
• Brompton Global Healthcare Income & Growth ETF: +2.14%
• Harvest Healthcare Leaders Income ETF: +2.10%

Keep reading:

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