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 July 31, 2017 and is presented net of advisory fees and commissions.
Cabana Portfolios were mixed for the week, although all were generally flat. The Conservative, Growth and Aggressive Portfolios were down -0.29%, -0.09% and -0.02% respectively. The other portfolios were up between +0.10% (Balanced) and +0.07% (Alpha Income).
I have pointed out several times this year that we are seeing a convergence among asset classes (and portfolios), as a result of the continued hope for some GDP growth domestically and abroad, coupled with a realization that the growth will not be strong enough to warrant a more hawkish position on interest rates from central bankers. We see positive earnings growth across the board without interest rates negatively affecting bonds, dividend payers, REITs and other fixed-income assets. Finally, the dovish position on interest rates by the Federal Reserve has caused the US Dollar to pull back, which has boosted international stocks and commodities. As I mentioned in our Facebook Live post a few weeks back, these circumstances are commonly referred to as the “Goldilocks Scenario”. Enjoy it while it lasts.
Year-to-date net-of-fees performance:
ALPHA INCOME: +4.53%
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)
-G. Chadd Mason, CEO
*Performance numbers indicated with (+) for positive return and (-) for negative return.
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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.
Cabana LLC manages assets on multiple custodial platforms. Performance results may vary based upon differences in associated costs and asset availability within the Cabana Model.