Dow Jones Indexes plans to develop and co-brand a US 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.
“In joining with Martin Pring, we plan to produce an innovative index meant to accurately and effectively measure this unique methodology,” says Michael A Petronella (pictured), President, Dow Jones Indexes. “Further, the new index’s transparent and investable multi-asset portfolio will be well-suited to serve as the basis for ETFs, mutual funds, separately managed accounts and a wide variety of investment products.”
Pring founded Sarasota, Florida-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. Pring is also chairman of Pring Turner Capital Group – a Walnut Creek, Calif.-based money management firm dedicated to allocating assets according to Pring’s proprietary US business-cycle research.
“The new index will offer investors and money managers a vehicle that takes advantage of the fact that business cycles move through a set series of phases,” Pring says. “Once the index methodology identifies these phases, stocks, bonds, and commodities will be appropriately allocated to leverage the investment environments that develop as the business cycle progresses. For Pring Research, this collaboration with Dow Jones Indexes will be a commercial validation of the highest order for our business cycle research.”
Over the course of his career, Pring has been quoted in The Wall Street Journal, Financial Times, Barron’s, LA Times, MarketWatch and the National Review. He has also 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. Pring has received the Canadian Technical Society’s Jack Frost Memorial Award, the Market Technicians Association’s coveted Annual Award in 2004, and been made an honorary member of the Swiss Technical Society.