The Global Tactical Asset Allocation Fund posted a total return of 3.76% for the quarter, compared with 3.84% for the Funds blended static benchmark. During the quarter, we eliminated the Funds gold position and shifted the proceeds into Treasury inflation-protected securities (TIPS). This modestly reduced overall risk exposure and helped drive the quarters results.
The Funds asset composition anticipates gradually firming and broadening expansions in the U.S. and emerging regions, lingering weakness and economic deleveraging in Europe and open-ended monetary accommodation from global central banks.
For those long-term investors looking to diversify your investment among various asset classes (stocks, bonds, commodities, and other) both domestic and foreign, then this Fund may be right for you.
- Diversify among various asset classes (stocks, bonds, commodities, and other) both domestic and foreign. The allocation will be based on an asset allocation framework developed by the Investment Policy Committee of The Northern Trust Company (TNTC) and Northern Trust Investments, Inc (NTI).
- Invest significantly in funds that invest in companies that are located outside of the U.S. as represented in either the MSCI EAFE® Index, MSCI Emerging Markets Index or other diversified foreign indices.
- Monitor the current asset allocation framework regularly to ensure the allocation is aligned with evolving investment views amid changing market and economic conditions.