As part of our ongoing efforts to make our portfolio management process as transparent as possible, we are beginning a new monthly tradition. From now on, in the first week of every month we will post an update showing what our model is holding for the current month, as well as how the model performed in the prior month
The following table represents the optimal holdings for the month of March 2011 according to our rotational model.
The following table represents the optimal holdings for the month of March 2011 according to our rotational model.
Source: Butler|Philbrick & Associates
Note that the performance metrics we post will not accurately reflect the performance in actual client accounts, as each client will have a different exposure to our model as a function of their personal goals, risk tolerance, age, etc. Rather, the results will provide an apples-to-apples comparison of how our asset class rotation model adds value above and beyond a traditional "Buy and Hope" alternative. For this reason, the results reflect U.S. dollar returns, as this is a neutral currency for comparison.
The tables below describe the model's holdings during each month, how each of the holdings performed during the month, and the total return to the model versus a benchmark. We have used the Dow Jones World stock index in combination with the Barclays 3 - 7 year Treasury bond index returns, in 70% and 30% respective proportions, as a typical global growth portfolio benchmark. Note that each position is equal weighted at 20% of the portfolio.
Source: Butler|Philbrick & Associates
Results are pro-forma and for illustrative purposes only.
The tables below describe the model's holdings during each month, how each of the holdings performed during the month, and the total return to the model versus a benchmark. We have used the Dow Jones World stock index in combination with the Barclays 3 - 7 year Treasury bond index returns, in 70% and 30% respective proportions, as a typical global growth portfolio benchmark. Note that each position is equal weighted at 20% of the portfolio.
Source: Butler|Philbrick & Associates
Results are pro-forma and for illustrative purposes only.
Results are pro-forma and for illustrative purposes only.
The purpose of posting our positions and results is to provide public accountability for the efficacy of our models. Our models are fully investable using U.S. or Canadian listed ETFs. We will make this information available to the public for a limited period, and then we will make it exclusively available for clients. Note that all results are exclusive of trading frictions, fees and taxes.
