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Market Rotation

The market rotation model is a tactical asset allocation system that uses the well-documented momentum effect. We have several variations of this model. One, the Major Market Rotation System, ranks eight major markets, while the Minor Market Rotation System ranks twenty-three. The last variation, iShares / Fidelity ETF Market Rotation ranks several markets that correspond to ETFs that can be traded for free through Fidelity Investments.

Major Market Rotation

Market/Sector ETF ETF Ticker Rank Sum 13 Wk 26 Wk 52 Wk
Small Cap Stocks iShares Russell 2000 Index Fund IWM 1 51.5 3.1 19.7 28.8
Large Cap Stocks iShares Core S&P 500 ETF IVV 2 44.8 4.7 16.2 23.9
International Stocks iShares MSCI EAFE Index Fund EFA 3 32.7 -0.1 7.8 25
Real Estate iShares Cohen & Steers Realty Majors Index Fund ICF 4 16.9 -0.2 7.5 9.6
Short Term Treasuries iShares Barclays 1-3 Year Treasury Bond Fund SHY 5 0.4 0 0.1 0.3
Commodities PowerShares DB Commodity Index Fund DBC 6 -2.8 -4 -4.5 5.8
Emerging Markets Vanguard FTSE Emerging Markets ETF VWO 7 -11.9 -7.8 -7.9 3.9
Long Term Treasuries iShares Barclays 20+ Year Treasury Bond Fund TLT 8 -15.5 -1 -6.7 -7.8
Gold iShares Gold Trust IAU 9 -45.4 -12.7 -18 -14.7

As of: June 15, 2013


Minor Market Rotation

Market/Sector ETF ETF Ticker Rank Sum 13 Wk 26 Wk 52 Wk
Middle East Market Vectors Gulf States Index ETF MES 1 76.6 15.9 27.6 33.1
Small Cap U.S. Stocks iShares Russell 2000 Index Fund IWM 2 51.5 3.1 19.7 28.8
Large Cap U.S. Stocks iShares Core S&P 500 ETF IVV 3 44.8 4.7 16.2 23.9
Japan iShares MSCI Japan Index Fund EWJ 4 41.1 2.1 16.9 22.2
Europe Vanguard FTSE Europe ETF VGK 5 37 1.5 7.5 28
International Small Cap iShares MSCI EAFE Small Cap Index Fund SCZ 6 35.2 -1 9.8 26.4
Japan Small Cap SPDR Russell/Nomura Small Cap Japan ETF JSC 7 28.1 -1.4 12.2 17.2
Real Estate iShares Cohen & Steers Realty Majors Index Fund ICF 8 16.9 -0.2 7.5 9.6
Energy PowerShares DB Energy Fund DBE 9 16.7 -1.4 4 14
High Yield Bonds SPDR Barclays High Yield Bond ETF JNK 10 11.5 -0.6 1.8 10.3
Emerging Markets Small Cap SPDR S&P Emerging Markets Small Cap ETF EWX 11 10.8 -4.6 1.3 14.1
Short Term Corporate Bonds iShares Barclays 1-3 Year Credit Bond Fund CSJ 12 2.7 0.1 0.6 2
Canada iShares MSCI Canada Index Fund EWC 13 1.4 -4.5 -2.6 8.6
Short Term Treasuries iShares Barclays 1-3 Year Treasury Bond Fund SHY 14 0.4 0 0.1 0.3
Australia iShares MSCI Australia Index Fund EWA 15 0.2 -13.5 -3.1 16.8
International Treasury Bonds SPDR Barclays International Treasury Bond ETF BWX 16 0 0 0 0
Africa Market Vectors Africa Index ETF AFK 17 -3.1 -6.1 -5 8.1
Emerging Market Debt iShares JPMorgan USD Emerging Markets Bond Fund EMB 18 -3.3 -2.5 -5 4.2
Asia iShares S&P Asia 50 Index Fund AIA 19 -10.6 -6.9 -9.6 5.9
Long Term Treasuries iShares Barclays 20+ Year Treasury Bond Fund TLT 20 -15.5 -1 -6.7 -7.8
Agriculture PowerShares DB Agriculture Fund DBA 21 -16.8 -3.3 -11 -2.5
Latin America iShares S&P Latin America 40 Index Fund ILF 22 -25.4 -11.2 -10.3 -3.8
Base Metals PowerShares DB Base Metals Fund DBB 23 -28.6 -6.7 -13.6 -8.2
Precious Metals PowerShares DB Precious Metals Fund DBP 24 -55 -15.4 -21.7 -17.9

As of: June 15, 2013


iShares / Fidelity Market Rotation

Market/Sector ETF ETF Ticker Rank Sum 13 Wk 26 Wk 52 Wk
Small Cap iShares Russell 2000 Index Fund IWM 1 51.5 3.1 19.7 28.8
Large Cap iShares Core S&P 500 ETF IVV 2 44.8 4.7 16.2 23.9
International Small Cap iShares MSCI EAFE Small Cap Index Fund SCZ 3 35.2 -1 9.8 26.4
International Stocks iShares MSCI ACWI Index Fund ACWI 4 30.7 0.9 8.8 21
Investment Grade Corporate Bonds iShares iBoxx $ Investment Grade Corporate Bond Fund LQD 5 0.4 -1.1 -1.8 3.4
Broad Bond iShares Core Total U.S. Bond Market ETF AGG 6 -1.5 -0.7 -1.1 0.4
Emerging Market Debt iShares JPMorgan USD Emerging Markets Bond Fund EMB 7 -3.3 -2.5 -5 4.2
Emerging Markets iShares MSCI Emerging Markets Index Fund EEM 8 -14.2 -8.1 -8.8 2.7
Treasury Inflation Protected Securities iShares Barclays TIPS Bond Fund TIP 9 -14.4 -4.5 -5.9 -4

As of: June 15, 2013