Portfolio additions: consumers, financials and healthcare

By Matthew PierceCovestor

The Island Light Sector portfolio was updated for April as part of our regular monthly rebalancing. The strategy employs an advanced algorithm which seeks to capture market momentum in an optimized portfolio of US sectors, rebalanced monthly. For this month, we increased our exposure to the US consumer staples, financial and healthcare sectors and eliminated allocations to materials and utilities. We have no investment in the consumer discretionary, energy, technology and industrials sectors.

Performance

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The following table reflects the performance (net of fees) of our strategy, the S&P and the 9 sector ETFs that comprise our investment universe, through March 31, 2015:

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The post Portfolio additions: consumers, financials and healthcare 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.