International Group Scores and Core Percentile Rank update.
International funds have slipped in score over the week and in retrospect have migrated to a lower score than 4th quarter last year. A recent dip in Emerging Market related funds have helped add to the more recent dip in April. The macro collection of All Global & Non-US funds now scores at a 3.62, down 0.4 points from the recent high score of just over the 4 handle. More recently, you've seen the number of blue groups within the International groups begin to diminish relative to the beginning of the year. The slip is enough to at least cause you to monitor the situation and inspect you inventory to make sure that your funds are doing what you expect them to be doing.
As a result of recent slips in International funds the relative remainder is primarily US Funds at the top of the scores. Due to the S&P 500 not giving up its vigor also, the net result is a rise in the CorePR reading. CorePR is now near the 79% level, which places the S&P type of investments at the top quintile of relative strength concerning all asset classes. That is a strong level that should cause you to be confident with your US investment strategy, provided you have a healthy amount of investment into the Core of the market itself. Leading groups that measure above the core of the market include the Internet, Small Growth, Technology and Banks. As for Non-US exposures, Latin America is at that lead with a 4.41 score with the Pacific Basin close behind. The best directional movers of the blue groups goes to Small Growth and MicroCaps, which share a directional value of 0.23 points.
