The Island Light Sector Rotation portfolio was updated for November as part of our regular monthly rebalancing.
The strategy, which employs an advanced algorithm for capturing market momentum in an optimized portfolio of US sectors, is the latest in a series of innovative dynamic portfolio models offered by Island Light.
For the month, we increased our exposure to the US financials and technology sectors.
At the same time, we reduced or eliminated exposure to consumer staples, consumer discretionary, healthcare, industrials, materials and utilities sectors.
Relative to the S&P 500 sector weights, we are overweight to financials and technology.
The following table reflects the performance of our strategy, the S&P and the 9 sector ETFs that comprise our investment universe, through October 31, 2014:
DISCLAIMER: The investments discussed are held in client accounts as of October 31, 2014. These investments may or may not be currently held in client accounts. The reader should not assume that any investments identified were or will be profitable or that any investment recommendations or investment decisions we make in the future will be profitable. Past performance is no guarantee of future results.