Also of note, our DRIV Core strategy generated a positive return for May, while major stock indicies were down 6-7%. In fact, DRIV has produced positive returns for every month so far this year. We remain in a defensive posture as we see a continuing erosion of economic data coupled with a bond market that is pricing in significantly lower growth. DRIV Core’s tactical approach can offer a great compliment to a static asset allocation, or equity-based investment approach. We believe downside protection will be increasingly attractive to investors in the coming months.
As always, we’re happy to answer any questions or talk in more detail.
All the best,
Mike, Jeff & Chris
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