Back to the combined use of EELV and PIE. This is how potent the strategy has been when opting for a 50/50 portfolio of each: A $100,000 investment in May 1999 would have been worth over $421,200 at the end of October 2013, according to Dorsey Wright data. However, that pales in comparison to the $514,200 the 70/30 seasonal switching strategy delivered. Both sets of returns handily beat a traditional emerging markets benchmark.
EELV/PIE Seasonal Switching Performance
Chart Courtesy: Dorsey Wright & Associates