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After 4 years, Fidelity Independent Adviser’s Sector Momentum Tracker newsletter has outperformed the S&P 500 by more than 27% net of fees. www.fidelityadviser.com
After 4 years, Fidelity Independent Adviser’s Sector Momentum Tracker newsletter has outperformed the S&P 500 by more than 27% net of fees. www.fidelityadviser.com
Dion Money Management, LLC | 15 Jun 2008
June 13, 2008. This month marks the four year anniversary of the inception of Fidelity Independent Adviser’s Sector Momentum Tracker newsletter. Using a time-tested formula to calculate relative strength, the Sector Momentum Tracker’s Sector Portfolio has produced returns of 48.61% net of fees since inception, and a net 1.54% year to date. In comparison, the S&P 500 has been down over 7% through June, 9 2008, and has only posted a 21.36% improvement since 2004.
Founded in June of 2004, Sector Momentum Tracker has been tested by increasingly difficult markets, and it has outperformed the major indices. In the latest installment to “Don’s Outlook,” it was noted that “during the past five trading days, the Portfolio gained 0.26 percent, while the S&P 500 decreased 2.83 percent.” Sector Momentum Tracker belongs to Fidelity Independent Adviser’s family of newsletters. The flagship publication, Fidelity Independent Adviser, has been published monthly for 11 years and reaches 40,000 subscribers.
Sector Momentum Tracker’s formula selects funds by taking the relative strength of each fund during a short-term period minus the relative strength during a longer-term period. Their objective is to position your portfolio in the sectors that are doing the best today while avoiding the worst performing sectors.
In a recent video conference, Dion, chief investment officer of the family of Fidelity Independent Adviser Newsletters, and portfolio manager of Dion Money Management, noted that “researchers who have studied the financial markets have demonstrated that securities that have recently performed well relative to the overall market have a tendency to continue to perform well—at least over the short term.”
In addition to its portfolio holdings, Sector Momentum Tracker’s weekly issues include fund profiles and market evaluation. In its latest issue, the newsletter examined FSCSX, whose portfolio contains key members of the technology sub-sector, software, making news this past week. Subscribers of Sector Momentum Tracker also receive weekly hotlines to stay on top of portfolio changes.
Dion has also applied his momentum philosophy to one of his other publications, ETF Momentum Tracker, whose returns were positive last week when the Dow, S&P 500, and NASDAQ all remained negative for that period. With the recent market volatility, it has become increasingly important for investors to arm themselves with the tools needed to profit. Sector Momentum Tracker’s 4-year performance history may provide investors the incentive to join Fidelity Independent Adviser’s family.
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.
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 $850 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.
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