June 2015 Portfolio Notes

PDF imageCountry Portfolio Notes June 2015

May Comments

  • The MSCI ACWI was down -0.13% in May and is now up 5.14% on the year.
  •  On the year international markets are still outperforming the US by 3.61%
  • Hedging currency exposures was key in May, as it added roughly 2.0% to returns.

June Rankings

  • The main countries we have hedged exposure to are Japan, Germany, and Brazil.
  • Asia remains the largest regional overweight across our portfolios.

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