The ETF Portfolio Strategist: 13 October 2021
Fortis and Altus: Active Asset Allocation Strategies
Nearly three weeks ago I introduced a pair of actively managed asset allocation strategies — Fortis and Altus. Let’s quickly check in on how they’re doing.
Yes, it’s way too early for a serious evaluation. But curiosity convinces us to peek in and see what’s what.
As a quick recap, Fortis (FORT) is the relatively conservative of the pair, Altus (ALTU) the more aggressive sibling. You can find the details on assets and weights in the link above or the tables below.
The benchmark is our standard opportunity set: Global Beta 16 (G.B16) — for details on this portfolio, see this summary or the table below.
Based on an inception date of closing prices for Sep. 22, here are the results through the end of today’s trading (Oct. 13):
ALTU is showing a bit of an edge over FORT, and both are sligthly outperforming G.B16. So far, so good — all systems go. Alas, it’s only been three weeks and so this is more or less noise. But as noisy performances go, this one is encouraging… so far. ■