Current portfolio allocations differ considerably from our target allocations, set as a long-term aspirational goal, due to elevated market risk, over-priced sectors, and opportunities in cyclicals (including gold and precious metals).
Current Allocations
The graphs below reflect current portfolio allocations:
Past Allocations
The graphs below illustrate how allocations have evolved over time to deal with elevated market risk, over-priced sectors, and opportunities in cyclicals (including gold and precious metals):
