April 2023 Asset Allocation Update For Risk-Managed Portfolios
Adjustments can vary across strategies depending on each strategy's objectives. What's illustrated above most closely reflects allocation adjustments for the Growth Strategy.
U.S. Equities
International Equities
Exposure will not change. Foreign developed equities continue to experience uptrends across both timeframes, while emerging market equities continue to have downtrends.
Real Estate
Exposure will not change, with downtrends across both timeframes.
U.S. & International Treasuries
Exposure will increase but remain underweight. Intermediate-term trends have turned positive, while the long-term trends remain negative.
Inflation-Protected Bonds
Exposure will increase for the first time in more than a year but remain underweight. The intermediate-term trend has turned positive while the long-term trend is negative.
Alternatives
Exposure will not change. The baseline allocation for gold is also our highest limit, so we are already at the maximum allocation as the asset class continues to experience uptrends in both timeframes.
Short-Term Fixed Income
Exposure will decrease, as allocations are returned to slightly strengthening U.S. and international Treasuries.
Asset Allocation CEO Update
Jump To: ESG Strategy Summary
View Archive: Asset Allocation Updates
Let's Talk
If you'd like additional details about current asset allocation for a particular risk-managed strategy