3Q Rebalance – ETF Global® Dynamic Model Portfolios

Thursday, July 6, 2017 - With the recent rebalance on July 3rd, we continue to see a large overweight to Small and Mid-cap exposures, with a slight tilt to both Value and Momentum within the domestic allocations. Direxion NASDAQ 100 Equal (QQQE) and JP Morgan Diversified Return US Mid Cap (JPME) were added while Powershares QQQ trust (QQQ) and Guggenhiem S&P Small Cap 600 Equal Weight (EWSC) were removed from the portfolios.

The value tilt continues in the International allocations with iShares MSCI EAFE Value (EFV) replacing iShares MSCI EAFE (EFA). Exposure to Europe was reduced as SPDR Euro STOXX 50 (FEZ) was replaced with iShares Edge MSCI Multifactor International (INTF) and iShares MSCI Spain (EWP) was replaced with iShares MSCI Canada (EWC). A slight overweight to Asia held as iShares South Korea (EWY) stayed in the models.

Franklin Liberty Q Emerging Markets (FLQE) replaced iShares MSCI Emerging Markets (EEM) within the Emerging Equity allocations. The Asian tilt continued here but got a little broader as First Trust ISE Chindia (FNI) replaced iShares China Large-Cap (FXI).

Most of the tilts and overweightings from last quarter continued into this quarter's allocations; however, we are seeing more "Factor" based products providing those exposures.

For more information on the ETF Global Dynamic Model portfolios, please visit http://www.etfg.com/about-model-portfolios

Thank you for reading ETF Global Perspectives.

ETFG 21 Day Free Trial:  https://www.etfg.com/signup/quick

_____________________________________________________________

Assumptions, opinions and estimates constitute our judgment as of the date of this material and are subject to change without notice.  ETF Global LLC (“ETFG”) and its affiliates and any third-party providers, as well as their directors, officers, shareholders, employees or agents (collectively ETFG Parties) do not guarantee the accuracy, completeness, adequacy or timeliness of any information, including ratings and rankings and are not responsible for errors and omissions or for the results obtained from the use of such information and ETFG Parties shall have no liability for any errors, omissions, or interruptions therein, regardless of the cause, or for the results obtained from the use of such information. ETFG PARTIES DISCLAIM ANY AND ALL EXPRESS OR IMPLIED WARRANTIES, INCLUDING, BUT NOT LIMITED TO ANY WARRANTIES OF MERCHANTABILITY, SUITABILITY OR FITNESS FOR A PARTICULAR PURPOSE OR USE.  In no event shall ETFG Parties be liable to any party for any direct, indirect, incidental, exemplary, compensatory, punitive, special or consequential damages, costs, expenses, legal fees, or losses (including, without limitation, lost income or lost profits and opportunity costs) in connection with any use of the information contained in this document even if advised of the possibility of such damages.

ETFG ratings and rankings are statements of opinion as of the date they are expressed and not statements of fact or recommendations to purchase, hold, or sell any securities or to make any investment decisions. ETFG ratings and rankings should not be relied on when making any investment or other business decision.  ETFG’s opinions and analyses do not address the suitability of any security.  ETFG does not act as a fiduciary or an investment advisor.  While ETFG has obtained information from sources they believe to be reliable, ETFG does not perform an audit or undertake any duty of due diligence or independent verification of any information it receives.

This material is not intended as an offer or solicitation for the purchase or sale of any security or other financial instrument. Securities, financial instruments or strategies mentioned herein may not be suitable for all investors.  Any opinions expressed herein are given in good faith, are subject to change without notice, and are only correct as of the stated date of their issue.  Prices, values, or income from any securities or investments mentioned in this report may fall against the interests of the investor and the investor may get back less than the amount invested.  Where an investment is described as being likely to yield income, please note that the amount of income that the investor will receive from such an investment may fluctuate.  Where an investment or security is denominated in a different currency to the investor's currency of reference, changes in rates of exchange may have an adverse effect on the value, price or income of or from that investment to the investor.