Using the fund-of-funds investment strategy has proven quite successful for many US fund managers. First Trust Advisors, the Illinois-based seventh-largest issuer of exchange-traded funds, recently launched a dynamic version of its most popular sector-rotation ETF that can incorporate cash allocation during periods of heightened market volatility. The First Trust Dorsey Wright Dynamic Focus 5 ETF (FVC) employs the same methodology …
Markets Back On Track; Wal-Mart Impresses – Oil Continues To Slide
[Chart courtesy of MarketWatch.com] 1. Moving the Markets Stocks are back on track this Thursday after dropping slightly yesterday. The Dow was able to post another record high-water mark at the close of trading today, finishing up 0.23%. The S&P 500 gained 0.04% and the Nasdaq stood at an 0.10% gain at closing. The gain in the Dow was largely attributed …