Stocks look strong coming off the August lows, especially in the semiconductor space, said Brad Thompson, CIO of Stadion Money Management. 'We had a nice run in the markets,' said Thompson. 'Whether or not that continues nobody really knows for sure, but we feel pretty good about the long term prospects for equities right now.' The Stadion Tactical Growth Fund (ETFOX) is up half a percent so far this year, according to fund-tracker Morningstar. Thompson said the goal of the fund, which is comprised of exchange traded funds, is to provide equity-like market returns with less volatility over the long term. One of the funds recent additions is the Market Vectors Semiconductor ETF (SMH), which is up 1% thus far in 2015. Thompson said the semiconductor fund was added because it was picking up momentum in recent weeks and showed positive risk/reward characteristics according to the firm’s ETF rankings. 'What we are looking to do is find adequate returns for the risk that you are taking, and so what we are looking to do is find adequate risk-adjusted returns and right now semiconductors look pretty attractive,' said Thompson. The fund also holds the iShares MSCI South Korea Capped ETF (EWY), which is flat year-to-date. Thompson said Korea places high in its rankings of 1300 ETFs because of the country’s large technology exposure.

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