ETFs That Topped & Flopped In Q1

Stocks across the globe witnessed an impressive journey in the first quarter of 2019, recouping all losses from the final months of 2018. Possibilities of a trade truce between the world’s two largest economies fueled the strong rally. Additionally, the raft of soft economic data worldwide fueled expectations that the world's most powerful central banks are likely to continue their stimulus plans, in turn providing a boost to investors’ sentiment.

Notably, the U.S. stocks recorded their best quarter in nearly a decade. The S&P 500 index climbed 13.1% in the first quarter, marking the biggest quarterly gain since the third quarter of 2009 and its best first quarter since 1998. The Dow Jones Industrial Average rose 11.2% in the first quarter while the Nasdaq advanced 16.5%. Small caps stocks, as represented by the Russell 2000 index, outperformed the S&P 500 with growth of 14.2%.

Coming to international markets, Irish stocks surged more than 30%, more than doubling the S&P 500 performance. Stocks in Greece climbed 17.6% while Italy and Canada also rose more than 13% each.

However, global growth slowdown and Brexit continued to weigh on the stocks during the whole of the quarter. Further, the U.S. Treasury yield curve inverted for the first time since 2007, historically an indication of recession.

Given this, we have highlighted both the best and worst performing ETFs of Q1 from different zones or industries:

Best ETFs

ETFMG Alternative Harvest ETF (MJ - Free Report) – Up 46.3%

This marijuana ETF has been surging on easing of rules and regulations imposed on the once highly guarded drug — marijuana — for recreational and medical usage. In fact, its popularity has been on the rise since Canada legalized recreational cannabis last year and became the second country in the world to do so on a national level. Notably, a number of US states joined the race to legalize marijuana. The White House, Congress and U.S. regulators have also softened their stance on the drug’s legalization. All these developments, in turn, injected strong optimism into the emerging marijuana industry, spurring deal activities.

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