Island Light Sector Rotation Notes (July 2014)
July 1, 2014 | Investment Notes
The Island Light Sector rotation strategy was updated for the month of June as part of our regular rebalancing. The strategy, which employs a sophisticated new 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 of July, we increased our exposure to the US consumer staples, industrials, materials, and technology sectors, and reduced exposure to utilities, financials and consumer discretionary sectors. We remain overweight utilities relative to the S&P index weights.
The following table reflects the performance of our strategy, the S&P and the 9 sector ETFs that comprise our investment universe, through June 30, 2014:
Please note that performance of the Island Sector Rotation Strategy does not reflect management fees, which would reduce the performance of the sector rotation strategy.
For more information about Island Light and its series of model portfolios, please contact us at 508 687 0061.
Matthew V. Pierce, President