GBI_Factsheet_December 2019

Monthly Commentary
The S&P 500 TRI gained 3.02% in December ending what was a very good
year for US equities. The Good Governance Fund returned 2.98% in
December, roughly tracking the index return for the month, and ending
the year (since inception) up 20.4%. In 2019, the fund has outperformed
the index by a commendable 2.02%.
The sectors contributing the most positively to the relative performance
of the fund were Information Technology, through an overweight
allocation to a sector that overperformed the index, and Industrials
through an underweight allocation to the worst performing sector. The
zero allocation to Energy, which was the best performing sector in
December, contributed the bulk of the negative relative performance of
the fund.
Apple once again proved one of the top contributors to the fund followed
closely by Nvidia and Eli Lilly & Co. Among the worst contributors were
Walt Disney (one of last month’s top performers) and Gilead Sciences.

Other posts

Thoughts From The Divide: An Inevitable Recession? –Surprise! (An Interview)

BY JON WEBB
In lieu of this week’s Thoughts From The Divide newsletter, we’re thrilled to share Julian Brigden’s recent chat with Blockworks’ Felix Jauvin. So, what’s on the docket? Well, we dive headfirst into the market’s somewhat naive hope that central banks will start slashing rates like they're on a budget cut spree. Spoiler alert: historical trends suggest that rate adjustments are rarely as swift or predictable as we'd all like. Those tightening cycles? They’re like that unpredictable friend who shows up late and drunk—potentially disastrous. Next up, we take a magnifying glass to those overly rosy 2025 pricing forecasts. Turns out, the market's optimism might be a tad misplaced. We break down the difference between disinflation that’s deliberately crafted and the kind that just happens because, well, life. Either way, it’s a wild ride with plenty of risks to consider. Read more →

Enjoy the Court’s Tariff Ruling, Brace for Trump’s Response

BY TEMATICA
The market cheers Nvidia's April quarter results and guidance Read more →

NDR Fixed Income Allocation Strategy July 2023 Update

BY BRIAN SANBORN
The NDR Fixed Income Allocation Strategy, Positioning Update Read more →
Back to all posts →