May 2012 FMx Dynamic Equity ISM
Friday, May 4th, 2012
The FMx Dynamic Equity ISM seeks capital appreciation without regard to current income. The strategy primarily uses no-load institutional and exchange-traded funds. The portfolio is divided into 4 distinct segments. Each is designed to take advantage of those sectors and areas of the market that offer the best opportunities for good returns based on the [...]
Strategy Diversification
Wednesday, May 2nd, 2012
Our ten investment strategy models (ISMs), which are blended to create Optimized Portfolio Models (OPMs), provide the benefits of diversification through differing market conditions. The last year has been marked with uncertainty, and although the markets have moved upward, there have been very few periods of overly strong trends, either up or down. In fact, [...]
FMx Premier Asset Management Investment Strategy Model (ISM)
Wednesday, April 25th, 2012
The FMx Premier Asset Management Investment Strategy Model (ISM) identifies outstanding global investment managers who have a proven performance record of at least 5 years and a methodology for risk management. The month to date return is -1.09% versus -2.09% for its benchmark, the S&P Global BMI. The year to date return is 10.19 versus [...]
FMx Tax Managed OPMs
Monday, April 16th, 2012
The FMx Tax Managed Objective Portfolio Models have the objective of generating tax free income and tax managed appreciation over a long time horizon with differing degrees of portfolio risk. There are six portfolios including Aggressive, Moderately Aggressive, Moderate, Moderately Conservative, Conservative and Protective. The FMx Tax Managed Protective Model consists of approximately 90% fixed [...]
Fixed Income Portfolio – October Recap
For the month of October 2011 the Fixed Income FolioModel returned 0.54% compared to the BarCap US Aggregate Bond at 0.11%. The standard deviation of the FolioModel was 1.95 compared to that of the BarCap which was at 5.66.
With the equity markets having an exceptional month, the fixed income indices took a small hit throughout the course of the month until they experienced a slight rebound during the last few trading days. Treasury yields rallied which helped the Fixed Income FolioModel on a relative basis (since we were underweighted and had been underweighted in that space for awhile). Investors still remain cautious and there continues to be uncertainty on where and when to place money into the market.
Despite having a cash allocation of 21.60% in the model last month, the strategy still pulled off a good return. High yield did well, which was the style of the only fund included in the Opportunistic Segment for October. The return of the BarCap US High Yield Index returned 5.80% last month. Obviously the shorter duration fund held in the model, RiverPark Short Term High Yield, was a more conservative play in this space.
Hopefully we will begin to see more normalized markets to end the year. For November, the cash allocation will be back at our normal 4% and we have added a mix of High Yield and Emerging Market funds to the model.
This article, written by Chase Weaver, Portfolio Analyst, was originally published at FolioMetrix LLC .