Nasdaq Dorsey Wright

There is a change to the First Trust International Model this week

There is a change to the First Trust International Model this week.

The change to the FTRUSTINTL Model this week is the removal of the First Trust Brazil AlphaDEX Fund FBZ and, in its place, the addition of the First Trust Developed Markets Ex-US AlphaDEX Fund FDT. Although recent weakness from a relative strength standpoint has led to its removal, FBZ was able to gain 19.23% while it was a holding within the Model (6/28/2016 to 6/6/2017). The new holding, FDT, provides a strong technical picture as exhibited by its current fund score of 4.64. This score places the Fund above the average group scores for the Non-US and Global Developed Markets groups at 4.02 and 3.68. After reversing back into X’s in January at $48.50, FDT has continued to improve from an absolute and relative perspective. With recent action, FDT rallied to clear its June 2014 high at $54 by moving above $55 in May. Since then, FDT has bettered its high by moving up to $56 this month. Year-to-date, FDT has gained 18.85%, which puts the Fund within the 93rd percentile out of all funds on the DWA database. With the addition of FDT, the First Trust International Model will now be overweight Developed Markets by 60%.

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