Williamstown, MA, June 26, 2008 --(PR.com
)-- In its latest issue, ETF Momentum Tracker announces the year to date returns for its International Portfolio. For the second week of June, the portfolio had returns of 1.96 percent, while the MSCI EAFE Index returned only 0.08%. Year to date, the same portfolio is down 3.46 percent net of fees, while the MSCI EAFE Index has fallen 9.17 percent. http://www.fidelityadviser.com/readMe_ETF.asp
In his weekly commentary, Donald R. Dion, Jr., publisher of the family of ETF Momentum Tracker, and portfolio manager of Dion Money Management, named iShares Canada (EWC) as the top-performing fund in the International Portfolio for the second week of June. EWC rose 3.09 percent over that period, remaining in the International Momentum Table’s 3rd spot for the fourth consecutive week.
ETF Momentum Tracker is a member of Fidelity Independent Adviser’s family of financial publications. The flagship publication, Fidelity Independent Adviser, has been published monthly for 11 years, reaches 40,000 subscribers, and was recently named amongst Mark Hulbert’s Top Ten publications for risk-adjusted returns.
The 4 funds that round out Dion’s International Momentum Table’s Top 5 are iShares Brazil (EWZ), iShares S&P Lat Am 40 (ILF), iShares Austria (EWO) and iShares Mexico (EWW). EWZ has occupied the table’s top spot since late February.
In its June 18th edition, Dion also commented on returns for ETF Momentum Tracker’s Sector Portfolio, which has declined 4.01 percent net of fees. During the same period, the S&P 500 decreased 8.00 percent, the NASDAQ Composite Index fell 7.34 percent, the Dow Jones Industrial Average dropped 8.33 percent, and the Russell 2000 returned negative 3.85 percent.
About Don Dion:
Don Dion is the publisher of the Fidelity Independent Adviser family of newsletters, which provides to a broad range of investors Don’s commentary on the financial markets, with a specific emphasis on mutual funds and exchange-traded funds. With more than 100,000 subscribers in the United States and 29 other countries, Fidelity Independent Adviser publishes six monthly newsletters and three weekly newsletters. Its flagship publication, Fidelity Independent Adviser, has been published monthly for 11 years and reaches 40,000 subscribers. http://www.fidelityadviser.com/
Mr. Dion is also president and founder of Dion Money Management, a fee-based investment advisory firm to affluent individuals, families and nonprofit organizations, where he is responsible for setting investment policy, creating custom portfolios and overseeing the performance of client accounts. Founded in 1996 and based in Williamstown, Massachusetts, Dion Money Management manages more than $740 million in assets for clients in 49 states and 11 countries. A licensed attorney in Massachusetts and Maine, Mr. Dion has more than 25 years’ experience working in the financial markets, having founded and run two publicly traded companies before establishing Dion Money Management. http://www.dionmm.com/