Tactical Portfolio Update – European Sectors
Our Favorites: Consumer Discretionary and Germany!
The ETF Radar Tactical portfolio is a model portfolio that invests in five Exchange Traded Funds based on a customized, tactical ETF rankings system. The portfolio trades at the end of each month. The holdings for July 2011 include SPDR MSCI Europe Consumer Discretionary ETF (FR0000001752), iShares DAX (DE0005933931), ComStage ATX ETF (LU0392496690), Lyxor ETF MSCI Europe Real Estate (FR0010833558) and the Amundi ETF CAC40 (FR0007080973). European Consumer discretionary stocks are benefiting from increasing demand from emerging markets countries. In addition, German stocks are in an uptrend and are outperforming stocks from other European countries.
Based on the rankings SPDR MSCI Europe Consumer Discretionary ETF (FR0000001752) is the ETF of the month. It tracks the price of consumer discretionary stocks in the MSCI Europe Index. It has an expense ratio of 0.30% annually and EUR 14 million under management. One of the largest fund holdings are German premium carmaker Daimler AG (9.97%), luxury-brand holding LVMH S.A. (6.29%) and Vivendi Universal S.A. (5.52%).
Sebastian Stahn, is Partner responsible for Market Reserach and Investment Strategy at ETF Radar. You can reach him directly under sebastianstahn [at] etfradar.com