January Performance
We had a fabulous month of performance in January. Our objective continues to be to deliver aggregate returns that exceed the S&P 500 over full cycles at half the volatility.
The equity strategies were paced by Focused REIT up +7.8%, Focused 13D +7.3%, Focused Analyst Growth +6.7%, Select Equity +5.5%, versus the S&P 500 Index return of 1.5%. The International Strategy was up +1.5%, about 0.6% ahead of the MSCI EAFE Index.
Dynamic strategies (those with more hedge fund and absolute return characteristics) were led by Global Macro up +3.9%, High Yield +3.7%, and Commodity +2.8% (noteworthy since the prominent commodity mutual funds were negative performers). Versus a flat bond index, the Bond Plus strategy was up +1.1%, Fx Plus +1.2% and Tax-Exempt Plus +0.9%.
The asset allocation models were led by the +3.8% return of the Growth model. The Absolute Return Growth model has a quarterly return benchmark of 2.5% (10% per year) which was exceeded in the month with a return of +3.1%. Absolute Return Income has a quarterly benchmark of 2% (8% per year) and was exceeded in the month with a +2.1% return. Both strategies are well ahead of the 3, 6, 9, 12 and 24 month benchmark.
For more information on investing with us, visit our website, where you will also find the complete performance rundown. As usual, past performance is no guarantee of future performance. Please see the disclosures.
The equity strategies were paced by Focused REIT up +7.8%, Focused 13D +7.3%, Focused Analyst Growth +6.7%, Select Equity +5.5%, versus the S&P 500 Index return of 1.5%. The International Strategy was up +1.5%, about 0.6% ahead of the MSCI EAFE Index.
Dynamic strategies (those with more hedge fund and absolute return characteristics) were led by Global Macro up +3.9%, High Yield +3.7%, and Commodity +2.8% (noteworthy since the prominent commodity mutual funds were negative performers). Versus a flat bond index, the Bond Plus strategy was up +1.1%, Fx Plus +1.2% and Tax-Exempt Plus +0.9%.
The asset allocation models were led by the +3.8% return of the Growth model. The Absolute Return Growth model has a quarterly return benchmark of 2.5% (10% per year) which was exceeded in the month with a return of +3.1%. Absolute Return Income has a quarterly benchmark of 2% (8% per year) and was exceeded in the month with a +2.1% return. Both strategies are well ahead of the 3, 6, 9, 12 and 24 month benchmark.
For more information on investing with us, visit our website, where you will also find the complete performance rundown. As usual, past performance is no guarantee of future performance. Please see the disclosures.
posted by WRA Strategy Group at 8:53 AM
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