17 April 2024
Elston Quarterly Portfolio Update Q2 2024
In this video, Portfolio Manager David Seager provides his perspective on the key questions discussed in the recent quarterly asset allocation meeting. Read more
11th March 2020 - Asset Management
With recent market movements happening so fast, it’s important to keep your focus. In this article we focus on what we know, what we don’t know and how Elston SMAs are being positioned for the future.
Within all the Elston models we are overweight defensive assets relative to our strategic asset allocation bands – https://www.elston.com.au/elston-tactical-asset-allocation-q3-2019/. This places the portfolios in a position where we can potentially take advantage of mispricing opportunities because of the current pull back due to Coronavirus and oil shock concerns. At times like this, we anchor back to our investment philosophy, one of these tenets is ‘long-term focus’.
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Source: Elston Asset Management
We expect to see markets continue to whip-saw back and forth day to day, even intra-day. While this is disconcerting, we must keep our nerve and maintain our long-term approach in the face of short term market and media noise.
You can expect to see short term absolute and relative performance to be volatile, this is due to our concentrated approach to Australian Equities and no index or tracking error approach to portfolio construction, which will mean deviation from index returns. This approach has stood us in good stead as evidenced by our long-term track record.
What you will see us doing over the coming weeks and months, is what we have always done, proactively managing client portfolios. We will be remaining rational and balancing the potential risks with the opportunities. We will be remaining true to our investment philosophy:
Over the coming months we will look for opportunities not only to gradually utilise our ‘Tactical Cash’ (i.e. cash overweight), but also to critically review our sector allocations and stock positions with a view to repositioning the portfolio as we look to manage relative returns over the next 12 months and buy quality assets at a sale price.
We will be sure to communicate these changes with advisers and investors in a timely manner. Communication is important. That’s why we regularly update our Adviser Resource Centre with fact sheets with new commentary.
As co-investors in the portfolios ourselves, we are standing alongside our partners during this time and remaining accessible, ready to answer any of your questions. If you have a concern, don’t hesitate to give us a call.
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In this video, Portfolio Manager David Seager provides his perspective on the key questions discussed in the recent quarterly asset allocation meeting. Read more
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