The Island Light Sector Rotation portfolio was updated for December as part of our regular monthly rebalancing.
The portfolio employs an advanced algorithm for capturing market momentum in an optimized portfolio of US sectors, rebalanced monthly.
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Bullish on tech
For this month, we retained our exposure to the US financials and technology sectors, increased allocations to materials and reduced or eliminated exposure to consumer staples.
We have no investment in consumer discretionary, healthcare, industrials, materials and utilities sectors.
Relative to the S&P 500 sector weights, we are overweight to financials and technology.
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DISCLAIMER: The investments discussed are held in client accounts as of November 30, 2014. 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 Why we are overweight in finance and tech sectors 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.