Thursday, July 6, 2017

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

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