Building our initial portfolio that follows the Dow Jones Industrial Average -index, according to our investment strategy. We buy all the 30 stocks in the index. The number of shares is equal for all stocks because Dow Jones is a price weighted index, meaning that the weight of each stock is decided by the share price. We buy 325 shares of each stock, because this is the maximum amount we can spend without exceeding our target leverage level of 1,8.

Amgen is one of the world’s leading biotechnology companies. It has an ESG-rating of AA. Therefore fits our portfolio strategy.

DJIA component 3/30. Position as close as possible to the 3,33% ($33 333) initial position allocation as possible, rounding the share amount down.

Amgen is another health care / drug related company in the US with high EM exposure.

Momentum strategy | Equal weighting, 5% per stock | 10 long and 10 short positions based on companies with the strongest and the worst momentum. Momentum indicator determined by dividing 3 day simple moving average by 10 day simple moving average. Portfolio rebalanced once a week. | Short position: AMGN | Rank: 9