#Global #ETF Weekly (thread): 15 Jan 2021

- 2020 worst perf #sector making comeback in 2021 $IXC

- This is helping #oil producing countries with #Nigeria, #UAE & #Russia in top5 #Country ETF YTD performers in USD $NGE $UAE $ERUS

- Few countries moving in red this week
2/8

#Global #Value #stocks still making short-term recovery, with $IWVL #ETF still looking very strong relatively over the short-term. Over 3yr period it is however still lagging quite substantially.

This should be interesting for this months #OrbisvsSP500 unofficial challenge
3/8

This one is worrying, but then again, it's been for some time. #Global #Tech #stocks relative to #MSCI All Country World Index is definitely creating some concern. Be very careful.

$IXN vs $ACWI
4/8

Know this one might create some controversy, therefore disclaimer 1st. I'm also not positive on #US #Bonds over longer-term. But be careful over short-term as $TLT #ETF relative to $SPY indicate oversold (bonds) &/or overbought (equities) & could see profit taking. #stimulus
5/8

This 👆🏼 could be positive for #Gold. Comparing $GLD (gold price) #ETF with $GDX (#Goldminers), one can see that miners getting close to gold ($/oz). Relative not cheap yet & can still see further weakness. Will do separate tech tweet on GDX later. In short wait for $32.20.
6/8

Back to #Bonds. #EmergingMarkets Government Bonds still lagging #Global Government Bonds. Yield seekers might use possible 'risk-on' environment to start buying EM bonds.

$EMB vs $IGLO
7/8

#Global #Financials #ETF, very similar to #Value ETF, are making quite the comeback relative to #MSCI All Country World Index. Still however have a MASSIVE gap to fill, which could take some time. IMHO, it's still an opportunity.

$IXG vs $ACWI
8/8

And then finally, #EmergingMarkets #ETF still storming ahead against #DevelopedMarkets ETF, still not relatively "overbought" yet, but getting close.

#SouthAfrica however still lagging in 2021, with $EZA YTD performance in USD of +0.2% vs DM's $URTH +1% & EM's +5.2%.

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More from @SchalkLouw

1 Dec 20
UPDATE ON MARKETS: What a month! FTSE/JSE All Share improved by 10.5% during November, following 4.7% contraction during Oct & 1.6% decline in Sep. SA Property stocks made 17.5% recovery during Nov, bringing YTD performance to -43.6%. SA All Bond Index increased by 3.3% for month
2/13

South African Small Caps continued to perform well during November, growing by 15.56%. Mid-Caps and Large Caps grew by 10.05% and 10.37% respectively.
3/13

FTSE/ JSE All Share ( $JALSH) again enjoyed a better month than the #MSCI All Country World Index in USD terms. The YTD performance for the JSE in USD-terms was -7.12% versus the MSCI ACWI’s performance of 11.10%.
Read 14 tweets
1 Nov 20
UPDATE ON MARKETS: With flareup of #COVID19 globally & many countries moving back into hard lockdown, #markets reacted. FTSE/JSE All Share contracted by further 4.7% during October, following 1.6% September decline. Another horrible month for Local Property stocks dropping 8.5%.
2/12

South African Small Caps were top performers for October, growing by 0.1% during the month. Mid Caps declined by 3.1% for the period, while Large Caps had a massive loss of 5.1% during October.
3/12

Although JSE was not left unscathed, it did outperform MSCI All Country World Market in USD. $JALSH however need quite a few more of these, with the YTD performance for the JSE in USD-terms at -19.98% versus the MSCI ACWI’s performance of -1.09%.
Read 13 tweets
1 Jul 20
UPDATE ON MARKETS: Following the recovery in May, the FTSE/JSE All Share enjoyed another SOLID (+7.74%) month in June. Local Property stocks (SAPY) enjoyed a BIG comeback, increasing by 13.4% during June. Image
2/10

After lagging behind in both April and May, Small Caps was the star performer with an 11.4% increase. Large-Caps again outperformed the JSE (+7.85%), while Mid-Caps lagged somewhat behind with +6.6% over the same period. Image
3/10

What made JSE’s performance even more remarkable, was its outperformance in USD, again outperforming both MSCI All Country World Index (+3.2%) & MSCI Emerging Market Index (+7.4%), with a performance of 9.1% over the same period. Image
Read 11 tweets
1 Jan 20
UPDATE ON MARKETS: Much better month for SA market indeed. FTSE/JSE All Share ended month 3.3% positive in Rand-terms. This brings the full 2019-year return in Rand to 12.1%. SA Property bucked local equity market’s trend, losing 2.1%. Local Bonds improved 1.9% over same period.
Page 2/10

Mid-Caps was again the star performer in December, increasing by 4.7%. Large Caps also outperformed the JSE with a monthly return of 3.7%, while Small-Caps only improved by 0.2% over the same period.
Page 3/10

What made performance even more extraordinary was that JSE outperformed MSCI All Country World Index (ACWI) significantly by 4.5% in USD during December & 0.6% against MSCI Emerging Market Index (EM). This however wasn’t enough to help outperform ACWI/EM over full 2019
Read 11 tweets
1 Dec 19
UPDATE ON MARKETS: Interesting month indeed. Although JSE ended November down 1.8% in ZAR, this was mainly due to Rand strength, while it actually improved 1.3% in USD. This brings YTD returns in ZAR to 8.5% & 12mth returns to 13.1%. SA Property increased 0.8%. Local Bonds flat.
Page2/10

Mid-Caps was again the star performer in November, increasing by 0.6%. Large Caps decreased more than the JSE with -2%, while Small-Caps lost 1.2% over the same period.
Page 3/10

The FTSE/JSE All Share also underperformed against the MSCI All Country World Index by 1.2% in USD-terms during November, but did however outperformed against the MSCI Emerging Market Index (-0.14%).
Read 10 tweets
1 Apr 19
First quarter of 2019 done & dusted. Although $JALSH increased by 7.97% YTD, avg return of all $JTopi stocks, for example (+1.37%), paints a totally different picture. Local Property took another beating in March, with $SAPY losing a further 1.46% of its value during the month.
Part 2 - Most of the performance came from Large Caps (up 8.45% YTD), with Mid Caps only growing by 2.76% over the same period, while Small Caps lost a further 3.41% in 2019 thus far.
Part 3 - Foreigners were net buyers of SA Equities in March. This was the first time since June 2018 that they were not net sellers.
Read 7 tweets

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