PQNT · Exit · 1d
The weight in BMW3 remained stable at 0.0200% for over a week before its complete elimination to 0.0000% on June 20. This stepped removal aligns with PQNT’s periodic, non-daily rebalancing schedule, occurring after BMW3 experienced persistent negative momentum. With BMW3 trading at $77.83, precisely its 52-week low and reflecting a -14.8% 30-day return and -17.9% over a year, its momentum and sentiment factors would have deteriorated considerably. Pictet Asset Management’s AI overlay, integrating these severe negative factor exposures for the Consumer Discretionary company, likely generated a strong signal for full divestment during a portfolio review.
weight 0.020% → 0 (exited)·stock down 18.1% in the 30 days before
Jun 20·now 77.83