ETF NEWS

Internationally, two single country positions heldsteady. However, there was an interesting shakeup in the regional and factororientations of our other two positions. Occupying the top spot, the Pacer Trend pilot European Index ETF (PTEU) supplanted the Wisdom Tree International Multifactor Fund (DWMF). In the second position, the Schwab Fundamental International Large Company Index ETF (FNDF) replaced First Trust Developed Markets ex-US Alpha DEX Fund (FDT) Echoing regional equity allocations, the valuefactor held primacy within our emerging markets allocation with the Schwab Fundamental Emerging Markets Large Company Index ETF (FNDE) ranking as our topfund. As with our international allocation, there was a similar Q1 to Q2 shiftfrom multifactor to value and broad-based to regional funds.

ETFG Weekly Quant Winners: The three biggest gainers in their ETFG Total Quant Scores were found in the Global X US Preferred ETF (PFFD) which picked up 14.04 points to 47.50, the Barclays Women in Leadership ETN (WIL) gaining 10.37 points to 65.39 and the Vanguard FTSE All-World ex-US ETF (VEU) which added 8.48 points to close the week with an ETFG Quant Total Score of 43.76.

ETFG Weekly Quant Losers: The three biggest drops in their respective ETF Quant Total Scores were found in the Reality Shares DIVCON Leaders Dividend ETF (LEAD) which lost 13.78 points to 39.00, the Fidelity MSCI Information Technology Index ETF (FTEC) which shaved 13.22 points to 31.36 and the First Trust Horizon Managed Volatility Domestic ETF (HUSV) which gave back 12.77 points to close the week with an ETFG Total Quant Score of 45.78.