2020 ETF Market Outlook


Stay Invested, but Limit Downside Risk

Target equities that may be impacted less by volatility

Source: Bloomberg Finance L.P. 11/7/2019, based on price returns and do not assume the reinvestment of dividends. Calculations by SPDR Americas Research. Past performance is not a guarantee of future results.

Source: Bloomberg Finance L.P. 11/7/2019. Past performance is not a guarantee of future results.


Implementation Ideas



QUS


QEFA


SDY


LGLV


Defensively Position with Sectors



Footnotes
Glossary
Important Risk Discussion