Staples and Aussie in Play
April, 2014 PCM Quant Coalescence
The April reallocation shifted away from commodities and is biased to the "land down under", with exposure to New Zealand, Australia and the Aussie dollar as an emerging theme. Utilities and bond exposure also stayed in play across the majority of PCM indexes. The PCM Global Tactical Index is now allocated 20% each to New Zealand, Australia, the Aussie dollar, preferred stocks and utilities. The Alpha One Index remained in U.S. preferred equities, as it has been for the majority of 2014. The PCM Commodities Index gave up on gold in exchange for a 50% allocation to short term U.S. Treasuries, with the .... Read More..
Modern Asset Allocation: Riskier Than You Think
Written by R.Todd Wood, MBA
How one defines "conservative" is an important question. Conservative investing has different meanings to different constituencies, and perhaps has even been over simplified due to the pigeon-holing effect of investor risk categories.For many investors, being conservative means they can't afford to take risks that would potentially reduce or eat into principal; however, standard asset allocation models are static and typically heavily weight bonds for conservative investors. While this methodology has worked well in low inflationary markets, risk of a decade of bull markets in bonds mean.... Read More...
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