This Week in ETF Reports
Four Invesco Model Changes
There are changes to four Invesco models this week, the DWA Global Factor Model GLOBALFACTOR, Invesco Small Cap Sector Model POWERSMALL, the DWA Sector Four Model POWER4, and the Invesco Dynamic Equal Weight Sector Model GUGGEWSECT. .. (Read more)
SSFIXED: Sell SPAB, Buy IBND
Today we have one change to report in the State Street Fixed Income Model SSFIXED. As a refresher, the State Street Fixed Income Model utilizes a relative strength matrix, using total return data, to determine its holdings and will rebalance upon a change, so each position is equally weighted at 25%. The change this week was triggered due to the matrix rank for the SPDR Portfolio Aggregate Bond ETF SPAB deteriorating sufficiently versus its peers in the model universe, warranting its removal from the portfolio. As a result, the SPDR Bloomberg... (Read more)
iShares Feature: Rising & Falling U.S. Dollar Review
There are no changes to any of the iShares models this week. Since peaking in March the US dollar index DX/Y has fallen approximately 10%; as a result, in yesterday’s Daily Equity Report, we updated our US dollar study which shows how various assets perform in rising and falling US dollar environments. As the table below shows, international equities, represent by the iShares EAFE ETF EFA and iShares Emerging Markets ETF EEM, tend to be strong performers in a falling dollar environment.... (Read more)
