The Week in Review
Performance updates from Cabana’s CEO
April 4, 2017
Market insight and a highlight of Cabana’s year-to-date performance.
Cabana’s six portfolios range from “Conservative” to “Aggressive” and include an income strategy portfolio. Performance is as of market close April 3, 2017 and is presented net of advisory fees and commissions.
Over the past week all portfolios were up between +.22% (Balanced) and +.65 (Alpha Income). We achieved solid performance across the board during the first quarter. Interestingly, we saw almost identical performance in each of our five model portfolios. This occurred despite varying assets and varying risk profiles. I believe the cause of this “consolidation” of returns could be attributed to the relative lack of volatility in equites and the moderation of yields, which may have benefited rate sensitive assets like bonds, dividend paying stocks, and REITS. The dollar has likewise taken a pause, which has benefitted foreign equities and commodities. The Cabana Portfolios hold all of these assets. Simply put, the euphoria over possible 4% GDP growth has died out, but no one has thrown in the towel on growth altogether. We will enjoy this calm while it lasts.
Year-to-date net-of-fees performance:
ALPHA INCOME +3.10%
– G. Chadd Mason, CEO
*Performance numbers indicated with (+) for positive return and (-) for negative return.
Performance is presented net of advisory fees and commissions (Conservative – Aggressive is presented net of 3% fees from January 1, 2017 – February 28, 2017 and 2% beginning March 1, 2017; Alpha Income is presented net of 2% fees)
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All performance returns are presented net-of-fees and include the reinvestment of dividends and capital gains. Benchmark comparisons are presented gross-of-fees.
Past performance may not be indicative of future returns. No current or prospective client should assume that the future performance of any specific investment or strategy will be profitable or equal to past performance levels.
All investment strategies have the potential for profit or loss. All strategies have different degrees of risk. There is no guarantee that any specific investment or strategy will be suitable or profitable for a particular client.
Historical performance results for investment indexes and/or categories typically do not show the impact of transaction and/or custodial charges or the deduction of an advisory fee, which may decrease historical performance results. There can be no assurances that a strategy will match or exceed its benchmark.
Some performance returns do not represent actual trading using client assets but were achieved through retroactive application of a model designed with the benefit of hindsight. Model returns have inherent limitations. Specifically, these returns do not represent actual trading and may not reflect the impact of material economic and market factors on the adviser’s decision-making if the adviser had actually managed the client’s money during this time frame.
Different types of investments involve higher and lower levels of risk. There is no guarantee that a specific investment or strategy will be suitable or profitable for an investor’s portfolio. There are no assurances that a portfolio will match or exceed any particular benchmark.