A.I.M. For Exchange Traded Funds

[OldAIMGuy]

After nearly 4 years of owning IYH I have decided to give up on it. While selling near its 52 week high isn't exactly painful, the long term total return has not lived up to what I'd hoped. Plus there seems to be 'political' influence that just keeps a lid on this one.

So, I sold the IYH at $63 and have purchased more of PIV (PowerShares Value Line Timeliness Fund) with the proceeds. PIV seems to have more of what I'm looking for in tradeable range and also as a long term growth vehicle. While IYH was reasonably steady, it only provided three or four trades in all of that 4 year's time. PIV by its design is more of a Momentum investment and should have greater amplitude and frequency of price change. This should allow AIM a better opportunity to profitably capture its native volatility.

For more information on PIV, see:
http://www.powershares.com/pivfund.asp

Here's a comparison chart:
http://stockcharts.com/webcgi/perf.html?PIV,iyh

Here you can see that PIV already, in the short time it's been available, has had quite a bit larger range for trading.

Best regards, Tom