We have rebalanced the Nasdaq Inovestor Canadian Index based on our Stockpointer® Canada model portfolio. These trades are effective as of Friday, October 15 after market close. Here are the details of the trades:
Ins:
- Parex Ressources (PXT)– Market Trend. Increase in the Energy sector as shown by the Top 100 index, therefore, increasing our position in the portfolio. We chose the company because of its high SP score.
- Enghouse Systems Ltd. (ENGH) – Intra-sectorial transaction. In the top of its sector.
Outs:
- First National Financial Corp (FN)– Market Trend. Decrease in the Financial sector as shown by the Top 100 index, decreasing our position in the portfolio.
- Open Text Corporation (OTEX)– Intra-sectorial transaction. The economic performance index fell below 1.
