We have rebalanced the Nasdaq Inovestor Global Index (Link on Nasdaq) based on our US and International Model Portfolios, which will be effective on Septemeber 21st after market close. On July 12th Vina Concha Y Toro was delisted from the NYSE. Here are the transaction details for the ADR:
Buys:
1) Ternium S.A. Sponsored ADR (TX) – Market Trend. Increase in the Materials sector as seen in the Top 100 index therefore we increased our position in the portfolio.
2) Compania Cervecerias Unidas S.A. Sponsored ADR (CCU) – Market Trend. Increase in the Consumer Staplers sector as seen in the Top 100 index therefore we increased our position in the portfolio.
3) Diageo plc Sponsored ADR (DEO) – Stock replacement. VCO was delisted on July 12th.
4) Allergan pcl (AGN) – Market Trend. Increase in the Health Care sector as seen in the Top 100 index, we increased our position in the portfolio.
Sells:
1) Golar LNG Partners LP (GMLP) – Market Trend. Decrease in the industrials sector as seen in the Top 100 index.
2) Signet Jewelers Limited (SIG) – Market Trend. We decreased the number of holdings in Consumer Discretionary sector following index allocation.
3) Infosys Limited Sponsored ADR (INFY) – Market Trend. Decrease in the Information Technology sector as seen in the Top 100 index.
You can find the transactions on Inovestor For Advisors, under the section Model Portfolios – StockPointer US.
The Inovestor Team
