There is a change to the Invesco Sector Seven Model (POWER7) this week.
There is a change to the Invesco Sector Seven Model (POWER7) this week: sell the Invesco KBW Property & Casualty Insurance ETF (KBWP) and buy the Invesco Wilderhill Clean Energy ETF (PBW). KBWP was sold because its rank in the model’s relative strength matrix fell below threshold to remain a holding in the portfolio. In its place, the model added PBW as it was the highest ranked fund in the matrix that was not already a model holding. PBW currently has a near-perfect 5.96 fund score, which is 2.6 points better than the average for all energy & natural resources funds, and a positive 5.89 score direction. On its default chart, the fund has completed three consecutive buy signals and is up just under 42% year-to-date (through 9/19). In addition to PBW, POWER7 also has exposure to aerospace & defense, leisure & entertainment, industrials, internet, media & gaming, and water resources. Year-to-date, POWER7 has gained 10.79% on a price return basis.