CJ Brott, who manages the Macro Plus Income portfolio on Covestor, told Investor’s Business Daily that while he’s positive on U.S. stocks for 2014, he still expects a correction in the 10% range sometime during the year.
Brott, founder and chairman of Capital Ideas Inc., said:
“To protect portfolios from that pullback, I sought an ETF focused on companies with solid fundamentals. Barron’s 400 (BFOR) … attempts to select only the ‘best of the best’ stocks while remaining broadly diversified.”
The portfolio manager explained the fund holds 400 equally weighted stocks, spread across at least five industries, and limits overall exposure in any one industry to 20%.
Read the full article here.
DISCLAIMER: The investments discussed are held in client accounts as of December 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 Macro Plus Income portfolio manager plays defense with Barron’s ETF 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.