In the April 2012 edition of Dow Jones Insights, Martin Pring discusses the investment process at Pring Turner Capital Group that also serves as the foundation for the new Dow Jones Pring U.S. Business Cycle Index.
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Dow Jones Insights: Martin Pring Interview
Wednesday, May 2nd, 2012An Index for All Seasons
Thursday, March 15th, 2012On the Dow Jones Indexes Blog (Indexology) David Krein posted an article titled “An Index for All Seasons” which introduces the new Dow Jones Pring U.S. Business Cycle Index. The article is posted below.
With the industrial average hitting new post-recession highs this week, number crunchers and data digesters are focusing anew on which segments of the market will fare best if the recovery takes on speed—or reverses course. To help even the playing field, we’ve introduced the Dow Jones Pring U.S. Business Cycle Index. This index, developed in collaboration Pring Research, is designed to tactically allocate among stocks, bonds, commodities and cash, accounting for the current phase of the economic business cycle.
In viewing historical data, it’s long been observed that different asset classes and market segments perform differently depending on where the economy lies on the continuum between the peaks and troughs that define periods of expansion and recession. (You can view a list of U.S. business cycles, as defined by the National Bureau of Research, here.) For example, in this Webcast, we observed that during the early recovery stages of previous recessions, small-cap value stocks had generally outperformed other size and style segments of the U.S. market.
Pring’s quantitative model, which underlies our new index, takes these types of cyclical effects into account by attempting to identify the current stage of the business cycle, and then automatically allocating to those asset classes and market segments that have historically outperformed during the current stage.
The chart below indicates how the six stages of Pring’s model map to a single business cycle, and summarizes the asset allocation that the model employs at each stage.
You can learn more about the new index, which launched yesterday, here.
Dow Jones Indexes to Launch Dow Jones Pring U.S. Business Cycle Index
Wednesday, March 14th, 2012New Index Designed to Reflect Martin J. Pring’s Proprietary Investment Strategy, Tactically Rebalancing Asset Classes Based on U.S. Economic Business Cycle
NEW YORK, Mar 14, 2012 (GlobeNewswire via COMTEX) — Dow Jones Indexes, a leading global index provider, today announced the launch of the Dow Jones Pring U.S. Business Cycle Index, a gauge designed in collaboration with Pring Research to reflect its proprietary investment strategy that tactically allocates among stock, bond, commodity and cash segments based on the phase of the economic business cycle.
The index will closely track the investment strategy developed by Pring Research’s Principal and President, Martin J. Pring, an award-winning author who has devised a rules-based methodology with the goal of achieving higher risk-adjusted returns relative to multi-asset or “blended” benchmarks.
“In building this new index with Pring Research’s proprietary investment strategy at its core, we have created a unique tool for measuring an investment strategy that dynamically changes the mix of several asset classes depending on the current stage of the U.S. economic business cycle,” said Dow Jones Indexes’ President, Michael A. Petronella.
Backtested historical data calculated daily back to June 30, 2006 indicate the Dow Jones Pring U.S. Business Cycle Index has outperformed equities, commodities, and multi-asset benchmarks on an absolute and risk-adjusted basis. Dynamic in nature, the index automatically rebalances on a monthly basis in response to signals generated by the model.
Mr. Pring founded Sarasota, Fla.-based Pring Research in 1981 and began providing research for financial institutions and individual investors around the world. Since 1984, he has published the Intermarket Review, a monthly market report offering long-term synopses of the world’s major financial markets. Mr. Pring is also chairman of Pring Turner Capital Group — a Walnut Creek, Calif.-based money management firm dedicated to allocating assets according to Mr. Pring’s proprietary U.S. business-cycle research.
Over the course of his career, Mr. Pring has been quoted in many major financial publications and has written more than 20 books, including Technical Analysis Explained, which has been translated into 10 languages and is required reading for the Chartered Market Technician’s exam.
Today’s index launch follows the September 2011 announcement by Dow Jones Indexes and Pring Research in which the firms announced an agreement to develop and co-brand a U.S. business cycle gauge designed to closely track Pring Research’s proprietary investment strategy.
Read more at: http://www.marketwatch.com/story/dow-jones-indexes-to-launch-dow-jones-pring-us-business-cycle-index-2012-03-14
Pring on Gulf Coast Business Review
Friday, September 9th, 2011Pring to work with Dow Jones
September 09, 2011
SARASOTA — Pring Research and Dow Jones Indexes will create a new investing tool that tracks the U.S. economy’s progression through business cycles. Pring Research is based in Sarasota.
The new index “will be well-suited to serve as the basis for ETFs, mutual funds, separately managed accounts and a wide variety of investment products,” says Michael Petronella, president of Dow Jones Indexes.
Put another way, fund managers will be able to license the business cycle gauge created by Pring and Dow Jones to create new funds and financial products. Pring and Dow Jones will earn revenues from licensing fees charged to those investment professionals.
Martin Pring founded his eponymous research company in 1981, and began publishing theIntermarket Review, a monthly investment report, in 1984.
Pring Turner on HedgeCo.net
Friday, September 9th, 2011New Index Will Track Acclaimed Market Pioneer Martin J. Pring’s Proprietary Investment Strategy
Dow Jones Indexes and Pring Research have announced plans to develop and co-brand a U.S. business cycle gauge designed to closely track Pring Research’s proprietary investment strategy.
Pring Research’s Principal and President, Martin J. Pring, is an award-winning leader in the global investment community who has developed a rules-based methodology that identifies the current stage of the economic business cycle. His “Pring Barometers’ Signals” then determine the asset classes and equity sectors that historically outperform during those particular stages. Read More
Pring Turner on Globe Newswire
Friday, September 9th, 2011
Dow Jones Indexes to Develop, Co-Brand U.S. Business Cycle Index With Pring ResearchNew Index Will Track Acclaimed Market Pioneer Martin J. Pring’s Proprietary Investment Strategy |
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| NEW YORK, Sept. 8, 2011 (GLOBE NEWSWIRE) – Dow Jones Indexes, a leading global index provider, and Pring Research today announced plans to develop and co-brand a U.S. business cycle gauge designed to closely track Pring Research’s proprietary investment strategy. Read Full Release | |
DOW JONES INDEXES AND PRING RESEARCH ANNOUNCE PLANS TO DEVELOP A U.S BUSINESS CYCLE GAUGE
Thursday, September 8th, 2011Walnut Creek, CA (September 8, 2011)–Pring Turner Capital Group is extremely pleased to announce that our longtime partner and chairman Martin Pring and Dow Jones Indexes, a leading global index provider, are teaming up to develop a business cycle index that follows the Pring Turner “Six-Stage” business cycle investment strategy. The planned index will be a dynamic, rules-based tool designed to determine the asset classes and sectors that perform well in the various business cycle stages. Click the link below to read the official press release.
DOW JONES INDEXES AND PRING RESEARCH ANNOUNCE PLANS TO DEVELOP A U.S BUSINESS CYCLE GAUGE
DOW JONES INDEXES TO DEVELOP, CO-BRAND U.S. BUSINESS CYCLE INDEX WITH PRING RESEARCH
Thursday, September 8th, 2011New Index Will Track Acclaimed Market Pioneer Martin J. Pring’s Proprietary Investment Strategy
NEW YORK (September 8, 2011) – Dow Jones Indexes, a leading global index provider, and Pring Research today announced plans to develop and co-brand a U.S. business cycle gauge designed to closely track Pring Research’s proprietary investment strategy.
Pring Research’s Principal and President, Martin J. Pring, is an award-winning leader in the global investment community who has developed a rules-based methodology that identifies the current stage of the economic business cycle. His “Pring Barometers’ Signals” then determine the asset classes and equity sectors that historically outperform during those particular stages. Click the link below to read the full press release.
DOW JONES INDEXES TO DEVELOP, CO-BRAND U.S. BUSINESS CYCLE INDEX WITH PRING RESEARCH
