February 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 increase, as both foreign developed and emerging market equities strengthen. Foreign developed equities now have uptrends across both timeframes, while emerging markets have an intermediate-term uptrend coupled with a long-term downtrend.
Real Estate
Exposure will increase from its minimum allocation, as the intermediate-term timeframe moves into an uptrend. The long-term trend remains negative.
U.S. & International Treasuries
Exposure will increase, as U.S. Treasuries join their international counterparts with an intermediate-term uptrend. The long-term trends remain negative.
Inflation-Protected Bonds
Exposure will not change and is at its minimum allocation due to downtrends across both timeframes.
Alternatives
Exposure will increase, as gold produced a long-term uptrend to join the pre-existing intermediate-term uptrend.
Short-Term Fixed Income
Exposure will decrease, as allocation returns to strengthening assets such as U.S. and international equities, as well as fixed income and gold.
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