In his Rebound MF model, Gerry Wollert uses technical analysis and a momentum model to choose ETFs. The model is meant to hold a total of seven ETFs when it’s fully invested and he focuses on large cap, high volume ETFs. This week, Wollert added Market Vectors Agribusiness ETF (MOO), an ETF that attempts to mirror the performance of the DAXglobal Agribusiness index by investing at least 80 percent of its assets in U.S. and foreign equities that are involved in agriculture and get 50 percent or more of their revenues from agribusiness. The top holdings of the fund include companies like Potash Corporation of Saskatchewan Inc (NYSE: POT) and Mosaic Co (NYSE: MOS). As of September 9, 2010, the fund was trading at a premium to NAV.
In the Luxury Liner model, manager Robert Gay uses financial statement analysis and proprietary technology to identify unusually depressed companies. This week, Gay added Maxim Integrated Products Inc (NASDAQ: MXIM) to the model. MXIM is a provider of analog and mixed-signal engineering solutions like amplifiers and analog switchers. In 2010, the company reported a net revenue of $2 billion, which was a great increase to its 2009 $1.6 billion net revenues. Unfortunately, their total liabilities also increased—rising from $481.4 million in 2009 to $1.1 billion in the 2010 fiscal year. Their outstanding shares decreased from 306 million in 2009 to 300.8 million in 2010. The company’s net income grew from $10.5 million in 2009 to 125.1 million in 2010.
