Today’s Top Pick Update comes from Janet Brown, editor of NoLoad FundX, a top-rated fund-oriented newsletter. She continues to recommend exposure to leading equities.
“2012 is shaping up to be another volatile year. But market leadership has been less volatile, and we continue to view PowerShares QQQ (QQQ) as our Top Pick for 2012. After a stellar start to the year, the market entered a steep correction. Through June 6, 2012, QQQ is up 9.7% versus 3.3% for the S&P 500 and 0.4% for Dow Jones Industrial Average.
“But our strategy is flexible and prevents us from getting too attached to any fund or ETF, including QQQ. We continue to find equities more attractive than bonds and cash, and domestic markets more attractive than foreign markets. The market has been favoring companies that are growing in this sluggish and uncertain environment. QQQ is a very attractive way to access a diversified portfolio of domestic growth stocks and because QQQ is an exchange traded fund with tremendous volume, investors can easily move on when market leadership inevitably changes.”
- Janet Brown, NoLoad FundX, June 11, 2012