February 1st FMx Fund Series Update
Friday, February 3rd, 2012
Effective February 1, 2012, FolioMetrix has reduced the costs of the FMx Growth Allocation Fund (FMGRX, FMGCX) and the FMx Total Return Fund (FMTRX and FMTCX) by 30bps and 10bps respectively. FolioMetrix also anticipates a substantial reduction in asset turnover within the FMx Growth Allocation Fund going forward. This is mainly due to enhancements to our [...]
January 3rd Equity Portfolio Update
Tuesday, January 3rd, 2012
As we enter the new year, markets continue to remain uncertain in Europe as they work to solve their ongoing sovereign debt problems. With the Dow Industrials Average ending the year up 5.53% despite the turmoil during the last half of the year and positive U.S. economic data concerning unemployment, housing, etc., our equity model has been [...]
December 12th Equity Portfolio Update
Monday, December 12th, 2011
Markets remain uncertain as Europe continues to work toward solving their sovereign debt problems. On Friday, a deal was announced in Brussels that all 17 countries using the Euro have agreed to allow a central European authority to oversee their future budgets and impose tighter controls on spending. They also agreed to automatic penalties if [...]
December 8th Equith Portfolio Update
Thursday, December 8th, 2011
Although the markets remain uncertain, leaders of Europe continue to work toward solving the Eurozone debt crisis with the European Central Bank cutting its key interest rate by 25 basis points to 1%. This week, our proprietary cash allocation algorithm, FolioGuard, indicated a move back to equities in our Tactical Equity model. Holdings in both the [...]
January 3rd Equity Portfolio Update
As we enter the new year, markets continue to remain uncertain in Europe as they work to solve their ongoing sovereign debt problems. With the Dow Industrials Average ending the year up 5.53% despite the turmoil during the last half of the year and positive U.S. economic data concerning unemployment, housing, etc., our equity model has been repositioned for the month of January. The top sectors include Industrials, Healthcare and Technology and consist primarily of U.S. stocks with a 4% exposure to Europe and none to Asia. The beta of the portfolio has been increased to 1.03.
At FolioMetrix, we will continue to monitor the markets and remain ready to react should a signal dictate a repositioning of the portfolio.
This article, written by Gerry Campbell, Senior Portfolio Analyst, was originally published at FolioMetrix LLC .