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 December 22, 2017 and is presented net of maximum advisory fees and commissions.
Cabana’s core portfolios were all down slightly for the week in response to equity market pull back from all-time highs, as well as a bounce in bond yields. Higher yields can negatively influence our dividends payers and debt positions. Our higher beta positions were down the most, with the Aggressive Portfolio down -0.65% and the Growth Portfolio down -0.60%. The Alpha Income Portfolio was up +0.03%.
As we coast through to the end of the year we have seen volume dry up. Investors seem happy to sit tight with what has been a very good year across all asset classes. I would imagine that the remainder of the week will produce more of the same. We will have to wait until the New Year is here for any insight into changes in allocation within the markets. As such, let’s all enjoy a relaxing week of football, family and friends. I will provide a comprehensive review of 2017 next week. Happy New Year!
Year-to-date net-of-fees performance:
ALPHA INCOME: +5.86%
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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