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 August 7, 2017 and is presented net of advisory fees and commissions.
All Cabana Portfolios were up for the week ranging from +0.66% (Balanced) to +0.04 (Alpha Income).
I hate to repeat previous comments, but the fact is that we are seeing near optimal conditions for “all asset class portfolios”. Growth is good enough that, when coupled with optimism for tax reform, investors are continuing to stay plugged into the equity story. At the same time, we are not seeing any significant inflation pressures, which would warrant the Federal Reserve to change from its dovish dicta on future rate hikes. This has allowed bonds, dividend payers and other fixed-income investments to appreciate simultaneous to equities reaching all-time highs. As prospects for more aggressive rate hikes have abated, the US Dollar has pulled back, benefiting multinationals, commodities and international markets. This trend has played out since the beginning of the year and the Dollar has hit an important support level. Over the short term, a bounce there would not be surprising and would pressure some of the assets described above. As everyone knows, we are entering a seasonally weak period for equities and are certainly due for some volatility. We have enjoyed the ride so far this year and will stay on this horse for as long as he keeps moving forward. With that said, we will remain disciplined and respond to material changes when they occur.
Year-to-date net-of-fees performance:
ALPHA INCOME: +4.57%
-G. Chadd Mason, CEO
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)
*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.