This week, Focal Point Management added SPDR EURO STOXX 50 ETF (FEZ) to their Quantitative Hedging model. This model invests in many different sectors and takes an adaptive, rotational approach to choosing investments. FEZ attempts to mirror the performance of the EURO STOXX 50 index, a Blue Chip index for companies in the Eurozone. FEZ invests at least 80 percent of its underlying assets in securities on the index. On September 1st, 2010 FEZ was trading at a discount to NAV.
Douglas Estadt’s Management Access model gained ProShares Ultra DJ-UBS Crude Oil (UCO) this week. Management Access is a short-term model investing in small and mid-cap stocks based on credible growth stories. The model’s new addition, UCO, attempts to provide returns equal to 200% of the daily performance of Dow Jones’ UBS Crude Oil Sub-Index. The index represents the crude oil segment only, but the ETF invests its underlying assets in a variety of instruments thought to provide the necessary return. On September 1st, 2010 the fund was trading at a discount to NAV.
William Smith added DG FastChannel Inc (NASDAQ: DGIT) to his Price Volatility Volume model this week. In this model, Smith utilizes quantitative analysis to recognize equities which have been overbought or oversold. DGIT provides digital media services and spot distribution to the advertising industry. DGIT has a low price to earnings ratio when compared to peers and when it closed on August 30th at $15.11 it reached a low not seen since February 11, 2009 when it closed at $14.15.
