All Weather Alpha Focus

Inflation and recession concerns were in focus. All Weather Alpha Focus was 4.2% below 60/40 and 1.0% below World Equity in June due to our 20% tilts to Energy and Commodities.

All Weather Alpha Focus was 1.3% above the 60/40 portfolio in May. The war in Ukraine is going to continue to rattle markets, and we think World Energy and Commodities will do well, which is reflected in our 20% tilts. We expect the Indian stock market to remain strong.

All Weather Alpha Focus was 1.3% above the 60/40 portfolio in April. We expect central banks to do what they can to prop up markets and the Indian stock market to remain strong.

All Weather Alpha Focus: The strategy was 1.5% above the 60/40 portfolio in March. We expect central banks to do what they can to prop up markets and the Indian stock market to remain strong.

All Weather Alpha Focus: The strategy was 1.3% below the 60/40 portfolio in February. In the near term, the war in Ukraine is going to rattle markets, and we think Energy, Commodities, and Gold will do well.

All Weather Alpha Focus: The strategy was 0.5% below the 60/40 portfolio in January. We expect Fed and ECB to do what they can to prop up markets. Economic recovery is going to continue in 2022, which makes equities attractive.

All Weather Alpha Focus: Outperformed a 60/40 portfolio in December 2021. Fed and ECB are going to do what they can to prop up markets. The economic recovery is going to continue in 2022, which makes equities attractive.