Three Months Later, How Are The CNBC ETF Portfolios Performing
Three months ago CNBC’s Bob Pisani tapped the shoulders of three ETF experts, Matt Hougan, Tom Lydon, and Jim Lowell, to assemble several different Model ETF Portfolios. They came up with six Model ETF Portfolios, all reflecting different sentiments on the direction of stocks and the global economy.
Each of these portfolios were based on a hypothetical $100,000 investment, with an inception Date of 12/31/09.
Management Process: The portfolio management team meets monthly to review the portfolios and make changes as appropriate. In addition, managers can call emergency meetings and make changes as market conditions dictate. Each portfolio can have a maximum of 10 ETFs
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We wanted to take a look at the performance of each of these funds to see where they stand three months after their announcement.
Fund #1
Diversified Global Core:A basic starting place for investors seeking long-term capital appreciation, this portfolio offers broad exposure to stocks, bonds and commodities in a low-cost package. There was one change to this fund made on May 11th where 182 shares of SPDR Barclays Capital Aggregate (NYSE:LAG) were sold and 131 shares of Vanguard Total Bond Market Fund (NYSE:BND) were purchased.
The fund is currently valued at $99,234.84, reflecting a total loss of around .77%. It is trading down about 2.18% on the day. The S&P is currently up about .53% year to date, proving to have been a slightly better return thus far.
See the below chart:
Fund #2
Global Bull: This aggressive portfolio anticipates strong returns in the equity markets and captures opportunities for capital appreciation. The fund is currently valued at $98,600.07, reflecting a total loss of around 1.4%. It is trading down about 3.2% on the day. The S&P is currently up about .53% year to date, proving to have been a better return thus far.
See the below chart:
Fund #3
Global Sideways Market:This portfolio anticipates a sustained period of subpar equity returns and aims to deliver consistent returns despite a trendless market. There were three changes to this fund made on May 11th. The fund managers sold 153 shares of the Vanguard Utilities (NYSE:VPU) were sold and they bought 141 shares of the SPDR Barclays Capital Convertible Bond (NYSE:CWB) and 144 shares of the iShares S&P U.S. Preferred Stock (NYSE:PFF).
The fund is currently valued at $101,632.86 which is currently up about 1.63% for the year about , although it is trading down about .83% on the day. The S&P is currently up about .53% year to date, proving to have been a worse return thus far.
See the below chart:
Fund #4
Global Bear:This portfolio anticipates a pullback in industrialized equities and aims to limit risk yet capture the most attractive returns available in the market. There were four changes to this fund made on May 11th. The fund managers sold 274 shares of the SPDR Barclays Capital Aggregate (NYSE:LAG) and 49 shares of the PIMCO Enhanced Short Maturity Strgy ETF (NYSE:MINT). They bought 217 shares of the ProShares Short 20+ Year Treasury (NYSE:TBF) and 99 shares of the iShares JPMorgan USD Emerging Markets Bond (NYSE:EMB).
The fund is currently valued at $98,962.33, reflecting a total loss of around 1.04%, the Global Bear is trading up about .36% on the day. The S&P is currently up about .53% year to date, proving to have been a much better return thus far.
See the below chart:
Fund #5
Emerging Markets: This portfolio aims to capture the most attractive opportunities among emerging and frontier markets. It may hold equities, bonds, commodities or currencies as appropriate.
The fund is currently valued at $101,044.43, reflecting a total gain of around 1.04%, although it is trading down about 2.57% on the day. The S&P is currently up about .53% year to date, proving to have been a worse return thus far.
See the below chart:
Fund #6
Rising Inflation: This portfolio highlights asset classes that will likely deliver strong returns during a period of sustained and rising inflation in the United States.
The fund is currently valued at $98,692.45, reflecting a total loss of around 1.31%, the rising inflation portfolio is trading down about 1.14% on the day. The S&P is currently up about .53% year to date, proving to have been a better return thus far.
See the below chart:
Comparing all of the funds, it looks as though the winners of the bunch would be the Global Sideways Market and the Emerging Markets portfolios. Both were down considerably today while still maintaining their gains. So far, it looks as though your money would have been best kept in the SPDR Gold Trust (GLD) which is up around 6% for the year.
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