Friday, December 28, 2012

Some technology funds are showing up on our screens today with strong Fundamental Scores but mediocre behavioral measures.  The iShares Goldman Sachs Technology Index Fund (IGM) is in 17th place with a very nice 82.5 Fundamental Score.  On the behavioral side we see an OK 61 Technical Score and a below the mean 49.6 Sentiment Score.  The iShares S&P Global Technology Index Fund (IXN) is even better fundamentally with an 89.5 score in that category but 59.4 and 38.5 in the technical and sentiment categories that all combine to place this fund in Quant’s 18th position.  Vanguard gets 19th place with their Information Technology Sector Fund (VGT).  This one is better on the behavioral side with technical and sentiment reading s of 54.4 and 64.9 but a lower Fundamental Score of 75.3, still decent.   Are these three diamonds in the rough about to be discovered by the rest of the market or just value traps?  The New Year will tell but Quant’s track record suggests the former.   Happy weekend and Happy New Year!

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