Dorsey Wright Internship

January 2, 2014

Picture1 Dorsey Wright Internship

Description: Dorsey Wright Money Management Internship

Location: Pasadena, CA

Internship Job Purpose: Opportunity to learn different aspects of Dorsey Wright’s investment management business. Role will involve supporting research initiatives, client service, operations, and sales and marketing.

Internship Duties:

  • Gain an understanding of momentum investing by reading Point & Figure Charting by Thomas J. Dorsey, and momentum white papers by John Lewis.
  • Complete several basic research projects on momentum investing using the Dr. Ken R. French Data Library
  • Develop a number of research initiatives that will be completed with the assistance of Dorsey Wright’s portfolio management team. This research will be published on the Dorsey Wright blog
  • Make outgoing calls to financial advisors to make them aware of the availability of Dorsey Wright’s investment products
  • Help expand Dorsey Wright’s prospecting list by searching out qualified prospects
  • Provide assistance with boosting Dorsey Wright’s web presence and e-mail campaigns
  • Provide operational assistance that includes monitoring daily account contribution and withdrawal requests, creating welcome packets for new clients, and compiling quarterly client reports
  • Answering the phones and directing calls to the appropriate team member
  • Participate in networking opportunities with our business partners

Hours: Up to 20 hours a week

Qualifications: Freshman or sophomore who is pursuing a bachelor’s degree

Job Seekers: Send resumes to Andy Hyer at [email protected]

Leave a Comment » | Uncategorized | Permalink

Posted by:

Negative Economic Factors Plague Indonesia

January 2, 2014

Tom Lydon reports on some of the economic challenges facing Indonesia:

Indonesia exchange traded funds have been among the worst performers in the emerging market category as both external and internal factors weigh on the economy, and some observers believe it could get worse next year.

The iShares MSCI Indonesia ETF (NYSEArca: EIDO) has declined 25.5% this year and Market Vectors Indonesia Index ETF (NYSEArca: IDX) is down 24.7% year-to-date.

Within Indonesia, flip-flopping public policies, corruption charges, widening disparity between the rich and poor, and surging inflation are pressuring the economy, writes Arno Maierbrugger for Investvine.

Moreover, the government implemented a protectionist policy, requiring foreign investors to reduce their stakes in mining operations within 10 years and capping foreign exposure in financial institutions.

The country’s growing current account deficit, depreciating currency and high external debt have also weighed on the market. The rupiah currency depreciated 20% since the start of 2013 and touched a 5-year low against the U.S. dollar as capital flight from Asia gained momentum on speculation of an end to easy money.

The depreciating rupiah has exacerbated losses in Indonesia investments, along with rupiah-denominated securities in the Indonesia ETFs. Foreign-currency denominated securities take a hit if their currency depreciates since the investment would be worth less when converted in to U.S. dollars.

We have also seen a large drop in exposure to Indonesia in the PowerShares DWA Emerging Markets Momentum ETF (PIE). Indonesian exposure is shown below:

Indonesia Negative Economic Factors Plague Indonesia

PIE, which is rebalanced quarterly, went from over 15% exposure to Indonesia in Q3 2013 to 0.95% exposure in Q4 2013 and now has 0% exposure in Q1 2014.

Meanwhile, overweights for PIE are now South Africa, Taiwan, Thailand, Malaysia, Turkey, and the Philippines.

pie1 Negative Economic Factors Plague Indonesia

Source: PowerShares and MSCI, as of 1/1/14

A list of all holdings for the trailing 12 months is available upon request. Past performance is no guarantee of future returns. See www.powershares.com for more information.

Leave a Comment » | Markets, Momentum | Permalink

Posted by:

Next Entries »