There is a change to the iShares International Model (ISHRINTL) this week.
There is a change to the iShares International Model (ISHRINTL) this week: sell the iShares MSCI Poland ETF (EPOL) and buy the iShares MSCI Brazil ETF (EWZ). EPOL was sold because its rank in the model’s relative strength matrix fell below the threshold to remain a holding in the portfolio. In its place, the model added EWZ as it was the highest-ranking fund in the matrix that was not already a holding in the model. EWZ currently has a near-perfect 5.96 fund score, which is 1.38 points better than the average for all non-US equity funds, and a positive 1.38 score direction. On its default chart, EWZ returned to a buy signal late lost month after giving two consecutive sell signals and now sits at a multi-year high. Year-to-date (through 4/15) EWZ has gained 30.5% on a price return basis; the fund also carries a 4.3% yield.
In addition to EWZ, ISHRINTL also has exposure to Israel, Italy, Peru, and South Korea. Year-to-date, the model has gained 20.38%.
