The Mosaic Global Fund made an estimated 1.58% for the month of February, which brings the estimated year to date return to -2.22%.
Equities rallied in February re-gaining lost ground from January’s sell-off. Mrs. Yellen, who recently replaced Mr. Bernanke as the head of the Federal Reserve, had her first Congressional testimony during February. She was also present during the latest G20 summit, where the world’s leading central bankers continued their balancing act of trying to remove just enough monetary stimulus from economies to keep them going without disturbing the still weak economic recovery. US national economic data for February was weaker than expected. The markets seemed to reason that this was due to the Ukrainian situation as well as the bad weather that affected the US. Despite negative news, markets held their ground, which must be seen as a positive signal for their near term performance.
During the month, the Fund’s trend following holdings as well as equities performed strongly with bonds showing losses. Due to the strong sell-off in January, our trend following systems reduced exposure to riskier assets. The good news is that this reduced potential losses. The bad news is that we did not fully catch the strong rebound that took place immediately after. With markets globally selling off strongly, we make sure that we protect our asset base; however, we do not know what lies around the corner. A reduction of risk in the portfolio following such a strong sell off should be seen as insurance to your portfolio.
With our new Trend and Momentum filters fully implemented by the end of January, we look forward to the coming months with excitement. The uniqueness of these tools in a world of benchmarking and relative performance measures makes the Mosaic Global Fund a particularly attractive proposition for advisors and their clients looking beyond traditional markets.
Please get in touch for a presentation, in which we can explain how the Mosaic Global Funds new Trend and Momentum Filters can help you succeed in today’s complex investment world. Drop us an email on, email@example.com, or give us a call on, +352 202 033 27, to find out more. We look forward to speaking with you shortly.
To Your Investment Success!
Per-Olov Jansson & the Cardea Investment Team