Today we have three very different models with new positions added to their holdings.
To begin, let’s take a look at the Quantitative Hedging model, managed by Amin Khakiani, which is invested in different markets using a rotational, adaptive approach. This week, Khakiani added ProShares Short Real Estate ProShares (REK) to the model. REK seeks performance equal to the inverse of the Dow Jones U.S. Real Estate index. The fund’s assets include Dow Jones U.S. Real Estate index swaps. As of September 15th, 2010, REK was trading at a discount to NAV.
Glenn Holderreed, manager of the Covestor model QPM Radar added ProShares UltraShort Oil & Gas ETF (DUG) to his model this week. The QPM Radar model uses a proprietary system (called QPM Radar™) to pick ETFs and select stocks for the model. Its new addition, DUG, is meant to create results equal to 200 percent the inverse of the performance of the Dow Jones U.S. Oil & Gas index. As of September 15th, 2010 the fund was trading at a discount to NAV.
Michael Simon, who manages the Small Cap Growth model, added TriQuint Semiconductor Inc (NASDAQ: TQNT) to the model this week. Small Cap Growth invests in companies that have strong management and cash flows and a sustainable business model. TQNT is a global developer and manufacturer of high-performance radio frequency (or RF) solutions that offer wireless solutions and other uses.
