Category: AZA Advisors

Our early estimate is that DRIV Core returned +1.87% in June and is up approximately +6.63% YTD.  Below is a brief synopsis of DRIV’s positioning. Bottom line:  We held our defensive positioning for the month.  Equities ramped after the steep May sell-off.   Macro conditions continue to worsen with regional PMI’s at near their worst levels…

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…

Additional Notes: We remain in our most conservative allocation as equity valuations on a range of metrics are at/near prior “bubble peaks” The strategy is currently well positioned to absorb a pullback or sell-off, while still maintaining some upside capture DRIV Core offers a great compliment to an all equity portfolio, or anyone looking to…

As some broad U.S. indices reach highs, please join CIO Chris Recker for a webinar on May 1, 2019 at 11:30 CT / 12:30 ET to discuss the U.S equity market and how in many ways it is comparable to other extremes in history. Registration URL: We look forward to talking with you soon.

We wanted to share the following update to our DRIV Core strategy.  We made a minor shift yesterday, reducing our exposure to Developed International (IEFA) by approximately half and re-allocating the proceeds among Large Cap Growth, Large Cap Value and Mid Cap Growth.  This brings our international weighting to approximately 10%, while our overall equity…

Attached is our Q2 Market Commentary.  This was included in all quarterly client reports and we wanted to share it with you as well.  Please feel free to contact us with any questions, or to discuss in more detail.  Have a great weekend. 2018Q2 Market Commentary

July 6, 2018 Dear Investor, We hope you had a great 4th of July and are having a relaxing and enjoyable summer. With the first half of the year in the books, we wanted to provide a brief look back and offer our views of the market going forward. As always, if you would like…

May Market Recap Large cap equity markets advanced in May while investment-grade bonds declined. For the month, the S&P 500 Index returned +2.41%, the international EAFE Index dropped -2.19%, and the MSCI Emerging Markets Index declined -3.52%. U.S. small caps, represented by the Russell 2000 Index, increased +6.07%. The Barclays U.S. Aggregate Bond Index was…