Portfolios Applying Our Research In The Markets
Core & Global Asset Allocation Portfolios
Major Trend Index turned negative and as of early October, we are now targeting 40% net equity exposure.
Domestic & Global Long-Only Portfolios
Select Industries slightly increased Department Stores & Health Care Facilities; Global Industries purchased Real Estate Management & Development and Road & Rail.
100% Short Portfolios
Consumer Discretionary is heaviest weight in domestic and Global AdvantHedge.
Core & Global Asset Allocation Portfolios Competitive With Benchmarks Despite Maintaining Reduced Equity Exposure
Net equity target is 55%; waiting for clearer signal from our Major Trend Index (currently rated Neutral).
Domestic & Global Long-Only Portfolios’ Outperformance Persists
Select Industries bought Department Stores & Health Care Facilities; Global Industries Purchased Gas Utilities & Integrated Oil & Gas.
100% Short Portfolios: Both Domestic And Global AdvantHedge Outpaced Benchmarks For Month & YTD
Info Tech is largest sector weight in domestic AdvantHedge; Consumer Discretionary is heaviest weight in Global AdvantHedge.
Core & Global Asset Allocation Portfolios’ Net Equity Exposure Unchanged At 65-66%
Both Portfolios lagged all-equity benchmarks in June; but still ahead YTD.
Domestic & Global Long-Only Portfolios Outperformed By 390 And 430 Bps, Respectively In First Half
Select Industries new purchases: Integrated Oil, Semiconductors, Water Utilities; Global Industries added to Energy, Technology, and Financials.
100% Short Portfolios: Both Domestic And Global AdvantHedge Trailed In June And Lag YTD
Info Tech is largest sector weight in domestic AdvantHedge; Consumer Discretionary is heaviest sector weight in Global AdvantHedge.
Core & Global Asset Allocation Portfolios’ Net Equity Exposure Unchanged At 65%
Both Portfolios matched their all-equity benchmarks in May, and are outperforming YTD.
Domestic & Global Long-Only Portfolios Beat Benchmarks In May; Both Outperforming YTD
Select Industries sold Systems Software; Global Industries bought first Energy group in almost 12 months (Oil & Gas Exploration).
100% Short Portfolios: Domestic Version, AdvantHedge, Beat Benchmark In May
YTD Performance: AdvantHedge -4.4%; Global AdvantHedge -3.9%
Core & Global Portfolios Net Equity Exposure Unchanged At 64-65%
Both Portfolios ahead of their all-equity benchmarks YTD.
Long-Only Portfolios Lag In April, But Ahead YTD
Select Industries bought Oil & Gas Refiners; Global Industries bought Emerging Diversified Banks.
100% Short Portfolios Beat Benchmarks
Global AdvantHedge up 1.67% in April; AdvantHedge -0.01%
Core & Global Portfolios Equity Exposure Unchanged In April
The Major Trend Index remains positive, and our portfolios continue outpacing the market. Net exposure is 65% in both the Core and Global portfolios.
Long Only Portfolios Beating Benchmarks
Select Industries had no group deactivations again this month, but we trimmed a few groups and added Commodity Chemicals. All group holdings currently rate Attractive. Global Industries had no changes. Emerging Electric Utilities, which we added last month, was the second best performing group in March.
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