May 2024 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 slightly and remain underweight overall. Trends are positive across all timeframes and while still weaker than its U.S. counterparts, emerging markets have strengthened enough to warrant a higher allocation as we enter May.
Real Estate
Exposure will decrease to its minimum allocation as trends across both timeframes turn negative.
U.S. & International Treasuries
Exposure will decrease to its minimum allocation as the long-term trend joins the intermediate term in negative territory.
Inflation-Protected Bonds
Exposure will not change and remains at its minimum due to downtrends across both timeframes.
Alternatives
Exposure will not change and remains at baseline, which is also our maximum limit for this asset class. Uptrends persist across both timeframes for gold.
Short-Term Fixed Income
Exposure will increase as it takes on exposure from weaker fixed income instruments.
Originally published 4/30/2024. Updated 5/6/2024.
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