Strategy for a minefield and a public goodbye
Genevieve Signoret
Letter from the President With the Fed preparing to hike in the next six months, we have reached that stage in which the market starts turning into a minefield: U.S. Treasury bond prices now show serious downward momentum, and we expect stock and exchange rate volatility to start to move up. I reiterate my view […]
Renta variable del Pacifico +8.5% en tres meses
Genevieve Signoret
Nuestro desempeño (Datos corregidos 21 mayo 2015) En los últimos tres meses, las clases de activos en nuestros portafolios modelo[1] de mayor rentabilidad en términos del dólar estadounidense renta variable mercados desarrollados del Pacífico (8.5%), renta variable mercados emergentes (7.2%) y renta variable de telecomunicaciones de EE UU (6.3%). Las de peor desempeño (en dólares) […]
Pacific stocks +8.5% in three months
Genevieve Signoret
Our Performance (Data corrected 21 May 2015) In the past three months, the asset classes in our model portfolios[1] that delivered the highest U.S. dollar returns were Pacific developed market equity (8.5%), emerging market equity (7.2%) and US telecommunication services equity (6.3%). Producing the lowest returns (in dollar terms) were US real estate (‒9.6%), US […]
Actualización 23 abril de nuestros portafolios modelo globalmente diversificados
Genevieve Signoret
Nuestro desempeño (Datos corregidos 21 mayo 2015) En los últimos tres meses, las clases de activos en nuestros portafolios modelo[1] de mayor rentabilidad en términos del dólar estadounidense fueron la renta variable de desarrollados del Pacífico (12.0%), la renta variable de desarrollados de Europa (7.0%) y la renta variable de Alemania (6.6%). Las de peor […]
April 23 update on our 3 globally diversified ETF-based model portfolios
Genevieve Signoret
Our Performance (Data corrected 21 May 2015) In the past three months, the asset classes in our model portfolios[1] that delivered the highest U.S. dollar returns were Pacific developed market equity (12.0%), European developed market equity (7.0%) and Germany equity (14.5%). Producing the lowest returns (in dollar terms) were US real estate ‒ (5.9%), US […]
Watch PMIs this week
Genevieve Signoret
Macro Views Events in red are those most likely to shake markets. During the week Russia: Markit manufacturing and service PMIs (Apr). Russia’s in a recession. So far this year no PMI has crossed into expansion territory (exceeded 50). Monday 20 Japan: Reuters Tankan survey (Apr). Compared with the 3-16 March survey period, the headline […]
RV de mercados desarrollados del Pacífico: +12.8% en USD en 3 meses
Genevieve Signoret
Nuestro desempeño (Datos corregidos 21 mayo 2015) En los últimos tres meses, las clases de activos en nuestros portafolios modelo[1] de mayor rentabilidad en términos del dólar estadounidense fueron la renta variable de desarrollados del Pacífico (12.8%), la renta variable de acciones emergentes (11.3%) y la renta variable de Alemania (11.0%). Las de peor desempeño […]
Pacific DM equity: 12.8% in USD terms in 3m
Genevieve Signoret
Our Performance (Data corrected 21 May 2015) In the past three months, the asset classes in our model portfolios[1] that delivered the highest U.S. dollar returns were Pacific developed market equity (12.8%), Emerging market equity (11.3%) and Germany equity (11.0%), Producing the lowest returns (in dollar terms) were US real estate (–4.5%), 7-10y USTs (–0.5%) […]
Dos cambios de estrategia adicionales
Genevieve Signoret
Carta de la Presidente La semana pasada, aquí anuncié un cambio de estrategia: reemplazaremos las acciones de capitalización pequeña por otras de capitalización grande en nuestro portafolio modelo de corto plazo. Hoy anuncio dos cambios de estrategia adicionales: Para los clientes que invierten en pesos, estamos centrando las cubetas transitorias en renta variable de Suiza […]
Two additional strategy changes
Genevieve Signoret
Letter from the President Last week I announced here a strategy change: we’re replacing small for large cap stocks in our short-term model portfolio. Today I announce two additional strategy changes: For clients investing in pesos, we’re focusing transitory buckets on Swiss and Asia ex-Japan equity, ridding them of Mexico and UK stocks. We’re buying small cap […]