Professional Wealth Managementt

By PWM Editor

“During the summer, we continued to focus on the more conservative holdings. We trimmed our natural resources holdings, which we believe are in the midst of a secular bull market but are poised to suffer drawdown whenever the markets fear any type of economic slowdown. We also switched part of our European exposure to a portfolio dedicated to high dividend stocks. And last, we added to a conservative US equity manager. The equity weighting has not changed but the portfolio is becoming more conservative.”

 

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