New Covestor model manager SWAN Asset Management gets its name from a tenet that many investors long to uphold—Sleep Well At Night. In order to create portfolios that can allow investors to do this, they focus on investment strategies that hedge against downside risk, give steady progress in good markets and that focus on peace of mind. The company was founded in 2000 They have three models with Covestor:
· International Hedged Equity: This model uses international stocks to provide stability, income and growth and hedges against broad market risk. The model has a $5,000 subscription minimum and its top position is ProShares UltraPro Short S&P 500 (SPXU).
· Hedged Equity: This is another model promoting steady performance but using a mixture of bonds and stocks to provide the stability and income. The model has a $5,000 subscription minimum and its top holding is also SPXU. The second largest holding in the model is Philip Morris International Inc (NYSE: PM).
· Christian Agape Hedged Equity: This model focuses on companies that adhere to Christian moral principals while providing stability, income and growth. The minimum subscription is $5,000 and SPXU is the top holding in the model. The second top holding is Marsh & McLennan Companies Inc (NYSE: MMC).
Model manager Frank Hogelucht appreciates the gambling aspect of trading and uses statistics and knowledge of historical market data to help get the odds on his side and determine when, what, and how much to buy. Frank, who has a degree from University of Munich, has been trading for over 20 years and focuses on swing trading opportunities. His Covestor model, Trading the Odds, uses ETFs and trades daily with both long and short-term objectives. The model has a $25,000 minimum subscription, but because it is a day trading account, a $30,000 minimum account balance is required. While the model was in cash at the time of this writing, the last position traded was ProShares Trust UltraPro Short QQQ ETF (SQQQ).
