Assistance Required: Uneven ETF Allocation After Fund Increase in Momentify
-
Hello Team,
I need assistance regarding an issue I encountered in Momentify.
I originally started my ETF Momentum Portfolio with 25,000, and last week I added an additional $25,000 through Momentify. During the weekly rebalance on Friday, two ETFs were removed from the portfolio and two new ETFs were added.
However, the system allocated both the existing funds and the newly added funds only to the two newly added ETFs, instead of distributing the total amount equally across all ETFs in the portfolio. As a result, the two new ETFs now represent approximately 75% of my portfolio, while the remaining ETFs make up only 15%.
Could you please assist in correcting this so that all ETFs are restored to equal weightings?
Additionally, please advise if there is a recommended method for adding new funds in the future to avoid this type of allocation issue.
Thank you for your help.
