Buying and Selling
Today we are selling one model portfolio holding and initiating a new position in another.
First, after you receive this Alert, we will close out our iShares MSCI Turkey Investable Market (TUR:NYSE) holding with the intent of moving toward a more diversified global fund. Turkey has lost its status as the top fund in terms of long-term momentum as it has begun to break its upward sloping averages during the past several trading sessions, just short of its all-time high.
Shares of multinational blue-chip companies have been out of favor during most of this rally as investors have shed safety for riskier fare, choosing small-cap companies from emerging markets over mega-caps from developed ones. That has caused funds such as iShares S&P Global 100 Index (IOO:NYSE) to trail at times. However, momentum in this fund has picked up during the past month, making this ETF a good choice for the international component of our ETF Action model portfolio. Therefore, our second action after you receive this Alert will be to allocate 6% of our capital to IOO.
However, this ETF should not be confused with a dedicated foreign-stock fund, because it allocates 43.5% of its holdings to U.S companies; nor does it venture too far beyond the developed world, allocating 50.3% of its holdings to the U.K. and Western European nations.
As a result, this ETF will overlap with other domestic blue- chip holdings found in our existing large-cap positions. Nevertheless, if investors once again shun some of the risk that caused this fund to excel during 2008, IOO will offer a good way to participate in high-quality global companies that tend to lead during the tail end of rallies.
Regards,
Don Dion
Send email to
Recent Alerts
Establishing a new model portfolio position in this commodity name, which is a top fund in terms of momentum.
11/18/09 - 10:34 AM ESTEstablishing a new model portfolio holding in a diversified fund that has excellent short-term momentum.
11/16/09 - 11:22 AM ESTWeekly Issues
We intend to add additional equity exposure, as well as currency and commodity positions in the coming weeks.
11/17/09 - 02:02 PM ESTTaking cues from the current phase of the market rally, we will adjust our investing strategy as conditions warrant.
11/10/09 - 02:35 PM ESTOur goal is to create a diversified portfolio of ETFs, using different strategies for all asset classes.
11/03/09 - 01:31 PM ESTDon Dion is the author of TheStreet.com ETF Action by Don Dion (the “Service”). Mr. Dion is also the beneficial owner of Dion Money Management, LLC, a registered investment advisor. The Service is an actively managed model portfolio of ETFs chosen by the author in accordance with his stated investment strategy. Your actual results may differ from results reported for the model portfolio for many reasons, including, without limitation: (i) performance results for the model portfolio do not reflect actual trading commissions that you may incur; (ii) performance results for the model portfolio do not account for the impact, if any, of certain market factors, such as lack of liquidity, that may affect your results; (iii) the price of ETFs chosen for the model portfolio may change in a short period of time, and although the "purchase" or "sale" of an ETF in the model portfolio will not be effected in the model portfolio until confirmation that the email alert has been sent to all subscribers, delivery delays and other factors may cause the price you obtain to differ substantially from the price at the time the alert was sent; and (iv) the prices of ETFs in the model portfolio at the point in time you begin subscribing to the Service may be higher than such prices at the time such ETFs were chosen for inclusion in the model portfolio. Mr. Dion is not restricted from owning any exchange-traded fund, individual securities or options. The purchase and sale price Mr. Dion records for any trade shall be the market price of the ETF recorded fifteen minutes following the email time stamp on the Service’s subscription email alerts. He or the investment portfolios he manages may not execute trades on any investment one (1) business day prior to, or one (1) business day prior following mention in his Service. Mr. Dion will disclose any positions in investments that he directly or indirectly holds or manages, and mentions in the Service.
TheStreet.com, Inc. is a publisher. The Service contains Mr. Dion’s own opinions and is provided for informational purposes only. You should not rely solely upon the Service for purposes of transacting securities or other investments, and you are encouraged to conduct your own research and due diligence, and to seek the advice of a qualified securities professional, before you make any investment. None of the information contained in the Service constitutes, or is intended to constitute a recommendation by Mr. Dion or TheStreet.com, Inc. of any particular security or trading strategy or a determination by Mr. Dion or TheStreet.com, Inc. that any security or trading strategy is suitable for any specific person. To the extent any of the information contained herein may be deemed to be investment advice, such information is impersonal and not tailored to the investment needs of any specific person. Past results are not necessarily indicative of future performance.
Please be assured that we respect the privacy of our subscribers. To view our privacy policy, please click here click here.
© 2009 TheStreet.com, Inc., 14 Wall Street, 15th Floor, New York, NY 10005.
| Dow Jones | S&P 500 | NASDAQ | 10-Year Note | |
|---|---|---|---|---|
| 10,318.16 | 1,091.38 | 2,146.04 | 33.56 |
Oil *
77.53
|
|
DOWN
14.28
|
DOWN
3.52
|
DOWN
10.78
|
UP
0.07
|
10 Yr
3.36%
SPDR Gold
112.94
|
|
-0.14%
|
-0.32%
|
-0.50%
|
+0.21%
|
Data delayed 20 minutes |
More From TheStreet
Latest Headlines
Brokerage Partners
Connect with TheStreet