I do not want to count the money before the game is done here, but the Long-Term Value portfolio is starting get some feet here. Just goes to show that sometime the best thing to do is nothing. For the week, the portfolio was in the black by 240 basis points (bps). This is better than the 117 bps gain on the S&P 500. Since inception, the portfolio has added 6.6%, ahead of the market's return of about 5% or just slightly ahead if you factor in dividends.
The above chart shows the price of the Long-term Value Portfolio (blue) S&P 500 (green) and the NASDAQ (brown) since inception.
For the week, the portfolio underperformed in primarily in financials and materials, with the former due to a lack of exposure to large money center banks. The portfolio performance was helped by the healthcare exposure that beat the S&P sector performance by 110 bps and telecom, ahead of the market telecom sector by 340 bps.
The above chart shows the price of the Long-term Value Portfolio (blue) S&P 500 (green) and the NASDAQ (brown) since inception.
For the week, the portfolio underperformed in primarily in financials and materials, with the former due to a lack of exposure to large money center banks. The portfolio performance was helped by the healthcare exposure that beat the S&P sector performance by 110 bps and telecom, ahead of the market telecom sector by 340 bps.
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