Schalk Louw | Mr Louwcal πŸ‡ΏπŸ‡¦ Profile picture
Nov 6, 2022 β€’ 19 tweets β€’ 26 min read β€’ Read on X
THREAD: A picture is worth a thousand words. Let's look at a few of the globe's largest #ETF's & their graphs & see if we can make some sense of the current market environment.

What a year it's been for #Oil & #Energy! Only positive YTD #MSCI #Sector.

$IXC
2/19

#Global #CleanEnergy #ETF relative to Global #Energy shows an interesting picture.

$ICLN vs $IXC
3/19

#EmergingMarkets #ETF seriously lagging #DevelopedMarkets ETF, mostly due to disinvestment from #China.

#SouthAfrica might be down over 1YR, but $EZA performance in USD (-15.9%) is still way ahead of both $URTH (DM -22.2%) & $EEM (EM -28.9%) over the same period.
4/19

#MSCI #World with & without US included. US has definitely been the safe haven over the past 10 years, but it created quite a "premium".

$IXUS vs $ACWI
5/19

From a #Factor #Investing point of view, did #Global #LowVolatility & #Value #stocks (#ETF) do exactly what's expected from them in current market conditions but still got some serious catch-up to do over the longer term. Watch this space.

$ACWV $IWVL
6/19

When I see something in the media about #Global #Tech #stocks & hear so many comments to "buy the dip". Tech is down 30.5% over 12 months relative to the #MSCI AC World Index's -23.1%. The relative graph, however, doesn't show a massive "dip" yet.

$IXN vs $ACWI
7/19

#VideoGaming seriously lagged #Global #Tech. ETF has quite a bit of exposure to #China (11%) & #Taiwan (2%) combined, which might've contributed. Interesting nevertheless. If you liked this market or #ETF a little bit more than a year ago, you'll love them now.

$HERO $IXN
8/19

#Internet companies, in general, lost a bit of "internet-speed" recently, with US Internet Co's $FDN #ETF losing more than half its value over the past 12 mths (-53%)

#Chinese Internet Co's $KWEB lost 51% over the same period.

KWEB still lag over 3yrs.
9/19

Speaking of #Chinese co's. China Large-Cap $FXI #ETF massively underperformed #MSCI #EmergingMarkets $EEM ETF, as well as MSCI #SouthAfrica $EZA.

South Africa recently caught up to MSCI EM in USD over a 3-year period & now leads.
10/19

If you feel sorry for Equity investors this year, spare a thought for the "safer" Bonds investment.

#US #Bonds lagged #Equities. $TLT #ETF relative to $SPY really looks interesting currently.
11/19

And with #Inflation still very much the main topic in current markets, one would think that #US #TIPS #ETF would've rocked the 2022 "party". Think again. The relative graph shows it was a better place to be.

$TIP vs $TLT
12/19

And just like #EmergingMarkets equities lagged #DevelopedMarkets equities, #Bonds were no different. Global Government Bond #ETF $IGLO down 23.3% over 12 months versus -27.4% for the EM Bonds ETF $EMB.
13/19

#BlockchainTechnology going from absolute hero to zero! After rocket moves early 2021, $BLOK #ETF gave back all outperformance against #Global #Tech & now lags $IXN over 3 years.
14/19

It's safe to say that #Bitcoin is not the new #Gold.

$BITO vs $GLD
15/19

What's your view on the US #Dollar?

$GLD relative to $UUP or, for that matter, the $DXY, is definitely something to monitor, IMHO.

#Gold #ETF
16/19

#Gold lagged #MSCI #Global #Equities (#ETF's) over the longer-term but remained stable relative to this year, with 15% outperformance over the past 12 months.

$GLD versus $ACWI
17/19

If you like #Gold, you might find the #GoldMiners interesting at current levels. Despite Gold lagging #Equities over the past 3 years, the actual miners' #ETF lagged even more.

$GDX $GLD
18/19

#Gold wasn't the only metal that lagged #Equities up to recently. #PreciousMetals #ETF is looking very interesting over the longer term. Especially if you look at current #inflation worries & global political unrest (#fear) & USD question marks.

$GLTR vs $ACWI
19/19 & Final

And then finally, what would market feedback be without #smallcaps? Beginning of last year, there was a lot of FOMO going around, after a massive run in #Russell2000. By Feb this year, all outperformance against S&P500 was returned & more.

$IWM vs $SPY

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More from @SchalkLouw

Aug 1, 2023
UPDATE ON MARKETS: FTSE/JSE All Share demonstrated another impressive performance in July, outperforming the MSCI All Country World Index. JSE recorded a 4.01% increase, while South African bonds (ALBI) & the local property market improved by 2.29% and 2.3%, respectively in July. Image
2/15

The JSE experienced a significant surge in July, gaining 9.7% in USD value. Comparatively, the MSCI All Country Index had a more modest growth of 3.66%, while the MSCI Emerging Markets Index witnessed a 6.22% increase. Image
3/15

The SA Fear & Greed Index recovered and moved closer to EXTREME GREED territory during July. Image
Read 15 tweets
Jan 29, 2022
THREAD: A picture is worth a thousand words. Let's look at a few #ETF graphs & see if we can make some sense of the current market environment.

What a year it's been for #Oil & #Energy! Sharing only positive YTD #MSCI #Sector performance with #Financials.

$IXC $IXG
2/15

#EmergingMarkets #ETF seriously lagging #DevelopedMarkets ETF, mostly due to disinvestment from #China.

#SouthAfrica might need a lot of catch up, but $EZA 1YR performance in USD (+9.9%) is still ahead of $EEM (-11.3%)

$URTH
3/15

#Global #Value #stocks (#ETF) recently enjoyed short-term recovery, but still got some serious catch-up to do over the longer term.

$IWVL
Read 16 tweets
Jan 1, 2022
UPDATE ON MARKETS: Happy New Year, everyone. The South African market ended 2021 with its best performance in 12 years. FTSE/JSE All Share increased by 4.8% during December, SA Property stocks increased by 7.88% in December, while SA All Bond Index improved 2.69% for the period.
2/10

FTSE/ JSE All Share (+4.03%) in USD, performed in line with MSCI All Country World Index (+4.00%), while MSCI Emerging Markets Index (+1.88%) again lagged both these indices. The 12-month performance for JSE in USD terms was also in line with the MSCI ACWI’s performance.
3/10

South African Small-Caps again dominated during December, improving by 7.33%. Both Large- and Mid-Caps also enjoyed solid returns over the same period with increase of 4.8% and 4.3%, irrespectively.
Read 11 tweets
Aug 27, 2021
#Global #ETF (thread): 26 Aug 2021

- 2020 worst perf #sectors making still leading in 2021 $IXG $IXC

- This is helping #oil producing countries with #SaudiArabia & #UAE in top5 #Country ETF YTD performers in USD $KSA $UAE

- #SouthAfrica $EZA still in top30 YTD performers
2/12

#EmergingMarkets #ETF seriously lagging #DevelopedMarkets ETF, mostly due to disinvestment from #China.

#SouthAfrica might need a lot of catch up, but $EZA YTD performance in USD (+8.2%) is still ahead of $EEM (-0.95%)
3/12

#Global #Value #stocks enjoyed short-term recovery to the end of April, but since then, $IWVL #ETF really struggled against #Quality & #Momentum. Over 1yr period it is however still the best-performing #factor, very much in its recovery phase.
Read 13 tweets
Jul 1, 2021
UPDATE ON MARKETS: BIG breather from all things SA. FTSE/JSE All Share retracted by 2.4% during June, bringing year-to-date returns to 13.2%. SA Property stocks had a great recovery, increasing 3.4%. Despite having net foreign selling pressure, SA All Bond Index increased by 1.1%
2/9

Massive underperformance by the FTSE/ JSE All Share (-6.2%) versus the MSCI All Country World Index (+1.32%) in USD-terms. The 12-month performance for the JSE in USD terms still leads the MSCI ACWI’s performance by nearly 13%.
3/9

South African Small-Caps were less affected during June, declining by only 1%. Large Caps and Mid-Caps both declined by 2.6% respectively.
Read 10 tweets
Jun 1, 2021
UPDATE ON MARKETS: FTSE/JSE All Share improved by another 1.6% during May, bringing the year-to-date returns to 16.02%. SA Property stocks took a breather after a MASSIVE recovery during April by declining by 2.9% in May. The SA All Bond Index increased by 3.7% for the period.
2/9

The FTSE/ JSE All Share (+7.30%) had a much stronger month than the MSCI All Country World Index (+1.56%) again in USD-terms. The 12-month performance for the JSE in USD-terms still leads the MSCI ACWI’s performance by nearly 35%.
3/9

South African Mid-Caps dominated during May, growing by 6.16%. Large Caps and Small-Caps grew by 1.14% and 3.33% respectively.
Read 10 tweets

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