There is a change to the NDW Global Technical Leaders Portfolio (TECHLEADERS4) this week.
There is a change to the NDW Global Technical Leaders Portfolio (TECHLEADERS4) this week. The model added exposure to the Invesco Nasdaq Dorsey Wright Emerging Markets Momentum ETF (PIE) and reduced its exposure to the Invesco Nasdaq Dorsey Wright Momentum ETF (PDP). TECHLEADERS4 ranks the model inventory in a relative strength matrix; the first ranked position gets a 50% weight in the portfolio. The remaining 50% is divided equally among the other funds ranked above money market (MNYMKT). Since the last model evaluation, PIE has moved above money market, so it is now included in the portfolio. PIZ ranks first in the matrix, so it receives a 50% weight, with the remaining 50% being split between PIE and PDP, the two other funds in the matrix that rank above MNYMKT.
Year-to-date (through 7/25), TECHLEADERS4 has gained 9.91% on a price return basis.