The iShares Sector Rotation Model sells out of the Cohen & Steers Realty ETF (ICF). We spotlight an electric vehicle & future mobility ETF from KraneShares and an improving global equity fund from Franklin.
iShares Sector Rotation Model Update: Sell Cohen & Steers Realty ETF (ICF)
There was a change to the iShares Sector Rotation Model ISHRSECT this week: sell the iShares Cohen & Steers Realty ETF ICF. ISHRSECT utilizes a relative strength versus benchmark methodology which compares each of the funds in the model universe against the iShares Dow Jones US ETF IYY. Those funds showing near-term relative strength against the benchmark (i.e. are in a column of Xs) are included in the portfolio and are removed only when they show weakness relative to the benchmark (i.e. reverse down into a column of Os). When an addition or deletion is made, the portfolio is rebalanced so each position is equally weighted. ICF was removed from the portfolio because it reversed down into a column of Os on its relative strength chart against IYY, demonstrating short-term relative weakness…(Read more)
KraneShares Feature: Electric Vehicles & Future Mobility Index ETF (KARS)
The past few weeks of market action have seen some surprising continued improvement from the KraneShares Electric Vehicles & Future Mobility Index ETF KARS, which seeks to invest in global companies that are engaged in the production of electric vehicles, their components, as well as any other companies that are focused on changing the future of mobility (source: kraneshares.com). The fund fell significantly from its February high of $26.50 to give four consecutive sell signals, ultimately falling to an all-time low of $15.50 on March 19th. Since that time, however, the fund has demonstrated notable improvement, moving higher to give two consecutive buy signals before breaking through to a positive trend at $19.75 and giving its third consecutive buy signal at $22…(Read more)
Franklin Weekly Feature: LibertyQ Global Equity ETF (FLQG)
While the relative strength picture has remained largely unchanged for the broader international equities group, we have noticeable improvement taking place across many of the individual trend charts of broad global equity funds, in both developed and international market representatives. One such global fund is the Franklin LibertyQ Global Equity ETF FLQG, which has risen up from a near-term low of $23.50 to give two consecutive buy signals during its ascent to recent levels at $29.50. While the chart has improved the fund still sits in an overall negative trend, although recent strength has led FLQG to near its long-term bearish resistance line that currently sits at $31.50…(Read more)
