For those lucky enough to be at their desks today, Quant remains
patriotic with 9 out of the top 10 being US funds with mostly Canadian GDX
rounding out the group. Yesterday’s
rally in Europe is not yet reflected in the US based products that Quant scores
so we will have to assess that Monday morning along with the reactions to today’s
jobs report.
We see some change in the Green Diamond model where PWO has passed
the baton to the AdvisorShares TrimTabs Float Shrink Fund (TTFS) which gets the
10 Green Diamond distinction for the second time in 10 days. Actively managed by Charles Biderman, the
fund seeks to outperform the Russell 3000 by selecting an equal weighted
portfolio of companies that have reduced their shares outstanding over
time. Secondary screens identify those
companies that are doing so as a result of high cash flow and not divestment of
assets or balance sheet engineering. The
fund has been a hot performer gaining more than 23% year to date but it still
gets a 90.3 Fundamental Score. It also gets
a higher than average 5.24 Red Diamond Risk Rating, so keep an eye on it.
If you are looking for something to do today, put TTFS on your
radar screen. Those who own it are happy
they do. We have plenty to do today and
hope the rest of your holiday weekend is a happy one, thanks for checking in.
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