The Island Light Sector Rotation portfolio was updated for the month of June as part of our regular rebalancing.
The strategy, which employs a new 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 of June, we increased our exposure to the U.S. financial and healthcare sectors, eliminated our positions in the consumer staples and technology sectors, and reduced exposure to the utilities and consumer discretionary sectors.
We remain overweight utilities and consumer discretionary sectors relative to the S&P index weights.
The following table reflects the performance of our strategy, the S&P 500 Index (SPX) and the 9 sector ETFs that comprise our investment universe, through May 30, 2014.
DISCLAIMER: The investments discussed are held in client accounts as of May 31, 2013. These investments may or may not be currently held in client accounts. The reader should not assume that any investments identified were or will be profitable or that any investment recommendations or investment decisions we make in the future will be profitable. Past performance is no guarantee of future results.
The post Introducing the Island Light Sector Rotation Portfolio 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.