Results

year
2019
month
SEPTEMBER

Monthly Performance Report / September 2019

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INVESTMENT STRATEGY AND OBJECTIVES

Outcome Wealth Management manages portfolios comprised of large, liquid ETFs. Our strategies are designed to provide efficient global diversification, offer better protection in bear markets, and deliver higher long-term returns.

MONTHLY RESULTS

GTAA Growth (CAD-based accounts)

JanFebMarAprMayJunJulAugSepOctNovDecYTD
2017 -- -- -- -- -- -- -- 0.1% 0.5% 1.6% 0.5% 1.3% 4.1%
2018 1.3% -2.7% -0.3% -0.2% 0.6% 0.8% 0.9% 0.9% -1.1% -1.7% 0.2% 1.6% 0.2%
2019 0% 0.7% 1.4% 1.5% -2.9% 0.7% -0.2% 3.7% 0.4% -- -- -- 5.3%

GTAA Growth (USD-based accounts)

JanFebMarAprMayJunJulAugSepOctNovDecYTD
2017 -- -- -- -- -- -- -- 1.3% 0.9% 1.1% 0.5% 1.4% 5.3%
2018 2% -3.4% -0.2% -0.1% 0.4% 0.6% 1% 0.7% -0.4% -2% -0.1% 0.9% -0.7%
2019 1.1% 0.3% 1.6% 1.5% -2.9% 1.3% -0.2% 2.9% 0.6% -- -- -- 6.3%
PORTFOLIO ALLOCATION

In September, the GTAA strategy was neither defensively nor aggressively positioned, with a 20% exposure to stocks that was equally split between U.S. and Canadian equities.

The additional 50% of the portfolio that was allocated to “risk-on” positions was equally spread across U.S. REITs, international REITs. U.S. preferred shares, U.S. high yield bonds and emerging market sovereign bonds.

The portfolio’s remaining 30% weight was allocated to “risk-off” assets and was equally spread across long-term Treasuries and short-term U.S. investment grade bonds.

Six of our seven growth-sensitive exposures rose during the month. U.S. stocks rose 1.95%, Canadian stocks rose 2.03%, U.S. REITs rose 1.92%, international REITs rose 2.52%, U.S. preferred shares advanced 0.75% and U.S. high yield bonds rose 0.44%, while emerging market sovereign fell 1.09%

The portfolio’s safe haven positions detracted from overall performance. Our 15% allocation to long-term Treasuries fell 2.68%, and our 15% position in short-term U.S. investment-grade corporate bonds declined 0.04%.