This Week in ETF Reports
DWS Changes: DWSGLOBAL.TR & DWSALLWORLDEXUS.TR
The Xtrackers MSCI All China Equity ETF TR CN.TR fell sufficiently out of favor in the Xtrackers Global Dynamic FX Hedged Model DWSGLOBAL matrix. As a result, it was removed and, in its place, the Xtrackers MSCI Emerging Markets ESG Leaders Equity ETF TR EMSG.TR was added as it was the highest-ranked fund not currently held in the model. The model holdings are shown in the image below and have each been rebalanced to equal weight at 20% each... (Read more)
First Trust: FTSIZESTYLE Change
In the First Trust Fixed Income Model the First Trust SSI Strategic Convertible Securities ETF FCVT is being removed after having been a member of the model since April 2020, over which time FCVT is up more than 65% while the Core Bond ETF AGG is actually down a little over 2% over that time period. Nonetheless, FCVT has fallen in it’s relative strength rankings down to the bottom of the matrix. As a result, FCVT is being removed from the Fixed Income Model and is being replaced with the First Trust Senior Loan Fund FTSL, which is joining Preferreds FPE, High Yield HYLS, and Emerging Market Bonds FEMB as the four holdings of the Model. FTSL has a positive technical picture with a score above 3, and has a yield of 3.33%, which is more than twice the yield of FCVT. The Fixed Income Model is up 0.3% so far this year compared to -3.5% return for the Cored Bond ETF AGG and the Model is up more than 37% over the past year versus 5.5% for AGG... (Read more)
Invesco Special Opportunities Change: Sell CQQQ, Buy RYJ
There is a change to the Invesco Special Opportunities Model GUGGSO this week. Sell the Invesco China Technology ETF CQQQ and buy the Invesco Raymond James SB-1 Equity ETF RYJ. CQQQ was removed because its rank in the model’s relative strength matrix fell below the threshold to remain a holding in the model. In place of CQQQ, the model added RYJ as it was the highest-ranking fund in the matrix that was not already a holding in the portfolio. This is the fourth change to the model this year... (Read more)
