Daily ETF Wrap: Homebuilders Rise on Housing Data

January 23rd at 4:51pm by WallachBeth Capital

Housing and construction ETFs such as iShares DJ US Home Construction (NYSEArca: ITB) and SPDR S&P Homebuilders ETF (NYSEArca: XHB) continue to do well and rise to multiyear highs on the back of recent improvement in housing starts and growth in builder confidence.

VIX based ETFs such as iPath S&P 500 VIX Short Term Futures ETN (NYSEArca: VXX) are among the poorest performers as volatility continues to go lower. Complacency is probably the word of the day. [VIX ETFs Still Flopping]

On the desk we saw inflows into iShares MSCI Switzerland (NYSEArca: EWL), which was among the best performing country ETFs of the day.

In international names we also saw flows into PowerShares FTSE RAFI Developed Markets ex US (NYSEArca: PXF) and iShares MSCI Pacific Ex-Japan (NYSEArca: EPP).

Domestic ETFs saw buyers of First Trust ISE-Revere Natural Gas (NYSEArca: FCG) and outflows from PowerShares S&P Small Cap Healthcare (NasdaqGM: PSCH).

Fixed income saw two way flow on the short end of the curve, with buyers of Vanguard Short-Term Bond (NYSEArca: BSV) and sellers of Vanguard Short-Term Corporate Bond (NasdaqGM: VCSH).

We also saw further outflows from iShares Core Total US Bond Market (NYSEArca: AGG), as well as outflows from international bond names SPDR Barclays Capital Emerging Market Local Bond (NYSEArca: EBND) and iShares Emerging Markets Local Currency Bond (NYSEArca: LEMB). [Emerging Market Bond ETFs]

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Chris Hempstead is Director of ETF Execution Services at WallachBeth Capital.

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