Dorsey, Wright & Associates Launches Portfolio on Covestor Platform
BOSTON, MA & RICHMOND, VA (PRWEB) July 15, 2013 -- Covestor, an online marketplace for investing, and Dorsey, Wright & Associates announced today that the Dorsey Wright Global Technical Leaders portfolio is available on Covestor.com. Covestor is an online asset management platform that enables investors to automatically replicate the trading strategies of emerging and nimble, established investment managers. Dorsey, Wright & Associates is a registered investment advisory firm that has focused on advising financial professionals on Wall Street and around the world for more than 25 years.
“Making our investment models available through Covestor’s marketplace is one of the most thrilling things we have done,” said Tom Dorsey, President and co-founder of Dorsey, Wright & Associates.
Covestor offers over 100 investment portfolios on its platform to individual and institutional investors. Clients can select investments completely online or with the personal guidance of a client adviser. People can see what portfolio managers are buying and selling; read their investment commentary; hear them speak; and select investments with the click of a mouse or phone call.
“Having firms like Dorsey, Wright offer their portfolios at Covestor is a major testament to the value they see in our marketplace,” said Bhargav Shivarthy, Covestor’s Director of Client Services. “We are excited to have the Global Technical Leaders portfolio on our platform.”
The Dorsey Wright model is designed to gain exposure to the strongest relative strength stocks in the US and international markets through the use of four exchange traded funds (ETFs). Two of the ETFs are US equity focused, while the other two are international equity focused. The model is designed to overweight the strongest ETFs based upon relative performance. What makes the model unique is the ability for it to eliminate exposure to all or some of the ETFs by moving to cash when equities are out of favor.
About Dorsey, Wright & Associates (DWA)
Dorsey, Wright & Associates is an independent and privately owned registered investment advisory firm based in Richmond, VA. The company licenses underlying indexes for the four PowerShares DWA Technical Leaders exchange traded funds (ETFs), which collectively have more than $1.6 billion in assets.
Founded in 1987, Dorsey, Wright offers comprehensive investment research and analysis through their Global Technical Research Platform and investment products, which apply their expertise in Relative Strength to separately managed accounts, funds, and other financial products.
About Covestor
Founded in 2006, Covestor is widely regarded as a pioneer in bringing separately managed accounts (SMAs) online in a transparent marketplace. Investors can compare and select from a transparent marketplace of money management talent that includes renowned portfolio managers and seasoned investors. Covestor’s Portfolio Sync technology automatically replicates trades, providing clients the convenience of “set and forget” functionality and the protection of Covestor’s proprietary trade filtering. The company has offices in Boston and London.
Covestor is an investment adviser registered with the US Securities and Exchange Commission under the Investment Advisers Act of 1940. Additional information can be accessed directly from our Form ADV document, available at http://www.covestor.com.
It should not be assumed that any information discussed herein will prove to be profitable or that decisions in the future will be profitable or provide similar results. While Covestor does provide limited investment advice to its clients, the content herein is provided as general and impersonalized investment information and is not a recommendation or solicitation to buy or sell any security or subscribe to any particular investment model. Please take appropriate professional advice in any investment decisions. Covestor and Dorsey, Wright & Associates are not affiliated entities.
Kalen Holliday, Covestor, http://covestor.com/, 866-825-3005 707, [email protected]
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