Document Type

Investment Portfolio

Publication Date

2011

Abstract

The analysis of the current economic situation forecasts a favorable environment for growth for U.S. corporations. The desired asset class allocation distributes only the minimum to cover the fixed income and cash constraint; the rest of the portfolio is allocated to equities. Predicted economic growth means increased production and low interest rates will provide a favorable environment for U.S. corporations to grow earnings. In addition, low inflation will help keep costs low, allowing businesses to hold prices for their goods and services. Even though we believe U.S. consumers are not ready to pay higher prices due to continued high unemployment, low costs mean corporations should not have to squeeze their profits. Additionally, high cash reserves will provide companies with investment opportunities through M&A, which will be welcomed by our portfolio with 13%, allocated in small caps.

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