Williamstown, MA, July 19, 2008 --(PR.com
)-- While volatile markets have major indices floundering, the Fidelity Independent Adviser ETF Momentum Tracker’s Portfolio holders have outperformed the market again. In the July 16 issue of ETF Momentum Tracker, Don Dion, publisher of Fidelity Independent Adviser, announced that the top-performing fund in the Sector Portfolio over the previous five trading days was iShares COMEX Gold (IAU).
Gold prices moved against the market last week, as investors sought shelter from volatility. Gold traded as high $980 during the week, up from $920 a week ago.
“IAU helped Sector Portfolio holders remain steady in the last week,” Dion said, “our Sector Portfolio was down only 0.31% after fees, while the S&P fell 4.62%.”
Dion’s Sector Portfolio also gains exposure to commodities through its position in iShares GS Commodity (GSG), a fund that is up 37.32% year to date as of July 16. In his commentary Dion noted that: “Year to date, the ETF Momentum Tracker Sector Portfolio has declined 8.96 percent net of fees. During the same period, the S&P 500 decreased 17.26 percent, the Nasdaq Composite Index fell 16.46 percent, the Dow Jones Industrial Average dropped 17.36 percent, and the Russell 2000 returned negative 13.53 percent.”
iShares Silver Trust (SLV) is also included in ETF Momentum Tracker’s universe. “Last week SLV added 5.87 percent,” Dion noted, “SLV jumped one spot this week on our Sector Momentum Table, from the 9th to the 8th position.” Dion added that “silver is also used as a safe haven during volatile periods or a hedge against inflation.”
ETF Momentum Tracker is a member of Fidelity Independent Adviser’s family of financial publications. ETF Momentum Tracker is published weekly, and provides subscribers with portfolio updates through weekly hotlines.
Fidelity Independent Adviser publishes four monthly publications and three weekly publications. The flagship publication, Fidelity Independent Adviser, was recently named a Top Ten newsletter for risk-adjusted returns by Mark Hulbert. Fidelity Independent Adviser has been published monthly for 11 years, and reaches 40,000 subscribers. http://www.fidelityadviser.com/subscribe.asp
About Don Dion: Don 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 $715 million in assets for clients in 49 states and 11 countries. http://www.dionmm.com/