Williamstown, MA, July 16, 2008 --(PR.com
)-- Don Dion, publisher of PowerShares Momentum Tracker, and president of Dion Money Management, announced today that for the period beginning with the inception of the PowerShares Momentum Tracker Portfolio on March 9, 2006 and ending on July 10, 2008, the Portfolio has outperformed the S&P 500, Nasdaq, and Dow net of fees.
During this period, the PowerShares Momentum Tracker Portfolio returned 3.93% net of fees, while the S&P 500 was down 2.17%, the Nasdaq down 0.66% and the Dow up only 1.66%.
The PowerShares Momentum Tracker provides a strategy that entails investing in exchange-traded funds using relative strength indicators. Subscribers receive weekly advice on how to allocate their portfolio in the appropriate funds based on tested buy-and-sell signals.
In the most recent issue of PowerShares Momentum Tracker, PowerShares’ new frontier fund PMNA was profiled, a fund that Dion is “excited to track.” Two changes were also made to the portfolio, as an ETF that tracks gold futures replaced a global energy fund.
PowerShares Momentum Tracker is a member of Fidelity Independent Adviser’s family of financial publications. With more than 70,000 subscribers in the United States and 29 other countries, Fidelity Independent Adviser publishes four monthly newsletters and three weekly newsletters. Its flagship publication, Fidelity Independent Adviser, has been published monthly for 11 years and reaches 40,000 subscribers.