Dynamic Tilt

The lower the market falls, the safer it is to be invested.

This month, the forward P/E ratios showed considerable variation with many sectors returning to a fairer valuation.

Singapore is approximately 37.6% in the Financial sector and has yet to increase its domestic interest rates.

We are constantly reviewing our portfolios’ asset allocations in order to bring them more in line with our Investment Committee’s best practices. Here is a summary of our recent changes.

We hope this small increased exposure to foreign healthcare will help capture some of the efficiencies we believe to have found.

Hong Kong has always been an anomaly: a tiny, extremely free country with an expiration date in 2047.

As we are still in the midst of COVID-19 quarantines, we will have to wait to see what continuing or lifting restrictions actually does to companies, their expected earnings, and their market pricing.

For many whose Energy sector has experienced large losses, lowering your sector allocation might effectively mean holding onto the shares that you currently own without adding more.

A low forward P/E suggests higher expected appreciation.

Generally speaking, Value stocks outperform Growth stocks. Investing based upon this finding is called “Value Investing.”

Any investment manager can use the Institutional Intelligent Portfolio technology to implement extremely different investment philosophies.

Although they are cheaper, the robo-investing accounts are not beneficial to everyone.

U.S. Large Cap is currently valued at the historical average again after taking into account the expected increase in corporate earnings.

Being able to lower total fees while investing part of the portfolio in slightly higher cost country specific exchange traded funds and being able to use exchange traded funds with strategic factors and add a monthly dynamic tilt is a significant accomplishment.

When growth is relatively cheap it should outperform value.

Currently large is relatively cheap and small cap is relatively expensive. For that reason, the R1000 or S&P 500 should outperform the R2000 small cap.

Think of static asset allocation as where to set your sails and dynamic asset allocation as a way to keep your balance as your boat glides and sometimes bounces through the waves.