The Island Light Sector rotation strategy was updated for October as part of our regular monthly rebalancing.
The strategy, which employs an advanced algorithm for capturing market momentum in an optimized portfolio of US sectors, is the latest in a series of innovative dynamic portfolio models offered by Island Light.
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For the month, we increased our exposure to the US consumer discretionary, consumer staples and utilities sectors, and reduced exposure to financials, healthcare, materials and technology sectors. Relative to the S&P 500 sector weights, we remain overweight to utilities, industrials and materials.
The following table reflects the performance of our strategy, the S&P and the 9 sector ETFs that comprise our investment universe, through September 30, 2014:
The post Here are the sectors we’re overweighting appeared first on Smarter InvestingCovestor Ltd. is a registered investment advisor. Covestor licenses investment strategies from its Model Managers to establish investment models. The commentary here is provided as general and impersonal information and should not be construed as recommendations or advice. Information from Model Managers and third-party sources deemed to be reliable but not guaranteed. Past performance is no guarantee of future results. Transaction histories for Covestor models available upon request. Additional important disclosures available at http://site.covestor.com/help/disclosures.