Nasdaq Dorsey Wright

There is a change to the Invesco Commodity Model (POWRSHARES).

There is a change to the Invesco Commodity Model (POWRSHARES) this week: Sell the Invesco DB Energy Fund (DBE) and buy the Invesco DB Precious Metals Fund (DBP). DBE 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 DBP as it was the highest-ranking fund in the matrix that was not already a holding in the model.

The fund offers exposure to gold and silver, with gold accounting for about 82.5% of the portfolio and silver making up the other 17.5%. DBP currently has a strong 5.64 fund score, which is 0.85 points better than the average for all precious metals funds, and a positive 1.84 score direction. On its default chart, DBP has completed two consecutive buy signals and reached a new all-time high in last week’s trading. Year-to-date (through 4/11), DBP has gained 19.22% on a price return basis.

In addition to DBP, POWRSHARES also has exposure to the Invesco DB Agriculture Fund (DBA). Year-to-date (through 4/11), the model is down -5.96%.

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