New York, NY (PRWEB) May 5, 2006
Clear Asset Management LLC (Clear AM), an investment management and equity research firm, today introduced an international stock portfolio comprised of twenty top ranked stocks all traded as American Depository Receipts (ADRs) to facilitate trading. Since its inception in September 2004, the aggregate of ClearAM’s six core style portfolios, net of fees, have reported returns of more than double the S&P 500’s return over the same period (see http://www.clearam.com/performance for performance and complete disclosure).
The new portfolio, called “Clear International” provides investors with access to stocks from both developed and emerging markets with over $300 million in market capitalization. All trade as ADRs on U.S. markets, eliminating the need to deal with foreign stock exchanges or currencies.
To select its international stocks, Clear AM uses more than 700 custom screens to evaluate over 2,000 US traded ADRs. It only ranks stocks that have passed its rigorous screening process and only the top 20 ranked stocks make the portfolio. The stocks in the portfolio are equally weighted. Shares are sold when a stock’s ranking falls or when other stocks have risen higher in ranking. The portfolio will be rebalanced monthly.
"We launched the ’Clear International’ portfolio based on investor demand,” said Andrew Corn, founder and CEO of Clear AM. “As investors have enjoyed the returns of our portfolios, there was a call for a portfolio to leverage the performance of the international stock markets, many of which have out-performed US stock markets over the past several years by a significant margin.”
Founded in 2004 by Andrew Corn, a former senior vice president of TheStreet.com, Clear AM invests solely on recommendations made by its custom-designed computerized investing algorithms that screen, evaluate, rank and weight stocks. The screens and algorithms are based on a combination of academic studies and the reverse engineering of equity holdings of top performing fund managers (for details see http://www.clearam.com/InvestmentProcess/strategyoverview.aspx).
About Clear Asset Management LLC
Clear Asset Management (Clear AM) offers eight institutional stock portfolios to investors -- with a choice of separate account and subscription formats. Rigorous stock selection using proprietary computer algorithms that screen, rank and weight stocks, clear communication with investors, and a focus on delivering consistent long-term results all set Clear AM apart. Clear AM’s objective is to help investors effectively pursue their investment goals -- while avoiding the scandal, bias and conflicts of interest that have plagued Wall Street and the fund industry. Clarity, transparency, fairness and performance all define the Clear AM commitment to investors. Clear AM is a Registered Investment Advisor. Clear AM Research is available to institutional investors. For more information, please see http://www.clearam.com.