The Week in Review: Performance updates from Cabana’s CEO – November 7, 2017
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 November 6, 2017 and is presented net of maximum advisory fees and commissions.
All of Cabana’s portfolios were up for over the past week, ranging from +0.63% (Conservative) to +1.00% (Balanced).
We continue to see equity markets here and abroad drift up in response to positive earnings. As mentioned in previous weeks, tech companies have led the way. As would be expected, the Nasdaq has outperformed other equity sectors. China has continued its amazing run this year and has been a part of our performance story across all our portfolios in the current scene. European markets have also responded to evidence that the economy there has finally gained traction. Lastly, it is worth noting that inflation might be picking up after many years of prodding by central bankers. Energy is at two year high, commodities are up 20 percent since June, and interest rates across the curve have shown signs of life. Despite extended equity markets, we have seasonality at our back as well as strong earnings. Earnings, earnings, earnings. It comes down to earnings. We remain bullish.
Year-to-date net-of-fees performance:
ALPHA INCOME: +5.06%
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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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.
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