Email: info@paritascapital.com   Phone: (203) 717-1620

Investing

Q3 2020 Investment Commentary

Equity and credit markets posted positive returns in the third quarter with the MSCI AC World Index and the Barclays US Aggregate Bond Index returning 8.13% and 0.62% respectively. The Global Wealth Strategy portfolio modestly participated in the move higher in global financial markets with a net return of 1.02% for the third...

Q2 2020 Investment Commentary

Global financial markets rebounded in the second quarter with the MSCI AC World Index returning 19.22% for the quarter while the Barclays US Aggregate Bond Index produced a return of 2.90% The Global Wealth Strategy portfolio participated in the markets move higher with a return of 6.09% for the second quarter which is...

Q1 2020 Investment Commentary

The unprecedented decision to shut down the global economy to help stop the spread of the COVID-19 virus brought the longest bull market in US history to an abrupt halt. The first quarter of 2020 was the worst quarterly loss for global equities since the fourth quarter of 2008 during the financial crisis.

Q1 2019 Investment Commentary

During the first quarter of 2019, the Global Wealth Strategy portfolio produced a net return of 7.68%. We believe combination of an oversold market and changes in the U.S. Federal Reserve’s (Fed) outlook on interest rates helped all asset segments in the portfolio gain more than 5% for the quarter.

Understanding S&P’s GICS® Sector Realignment

S&P Dow Jones Indices and MSCI are making major changes to the Global Industry Classification Standards (GICS®) structure effective the close of business September 21. The Telecommunication Services sector will be expanded to include selected companies from the Information Technology and Consumer Discretionary sectors and will be renamed Communication Services.

Quantify The Risk

We calculate the risk of each individual asset in our portfolio to ensure we know exactly how it is behaving.

We analyze prices to determine movements and calculate statistics, such as correlation and volatility, that help us construct our risk value.

If risk is unknown, it cannot be managed. We are able to effectively manage risk by being able to quantify it.

Optimize the Risk

We use the power of today's computers to calculate the optimal amount of capital needed to achieve a specific risk target for each asset.

The optimizer evaluates each asset in the portfolio and determines whether or not it is contributing the right amount of risk to the overall portfolio.

Allocate the Capital

We invest the assets in the portfolio according to the capital amounts calculated during our optimization.

Communication Services
Company Ticker(s) New Sector Old Sector
Facebook FB Communication Services Information Technology
Alphabet GOOG/GOOGL Communication Services Information Technology
Activision Blizzard ATVI Communication Services Information Technology
Electronic Arts EA Communication Services Information Technology
Take-Two Interactive Software Inc. TTWO Communication Services Information Technology
Twitter TWTR Communication Services Information Technology
Walt Disney DIS Communication Services Consumer Discretionary
Comcast Corporation Class A CMCSA Communication Services Consumer Discretionary
Netflix NFLX Communication Services Consumer Discretionary
Charter Communications Inc. Class A CHTR Communication Services Consumer Discretionary
Twenty-First Century Fox Inc. Class A FOXA Communication Services Consumer Discretionary
CBS Corporation Class B CBS Communication Services Consumer Discretionary
Omnicom Group Inc OMC Communication Services Consumer Discretionary
Twenty-First Century Fox Inc. Class B FOX Communication Services Consumer Discretionary
Viacom Inc. Class B VIAB Communication Services Consumer Discretionary
Interpublic Group of Companies Inc. IPG Communication Services Consumer Discretionary
DISH Network Corporation Class A DISH Communication Services Consumer Discretionary
Discovery Communications Inc. Class C DISK Communication Services Consumer Discretionary
News Corporation Class A NWSA Communication Services Consumer Discretionary
TripAdvisor Inc. TRIP Communication Services Consumer Discretionary
Discovery Communications Inc. Class A DISCA Communication Services Consumer Discretionary
News Corporation Class B NWS Communication Services Consumer Discretionary
AT&T Inc. T Communication Services Telecommunication Services
Verizon Communications Inc. VZ Communication Services Telecommunication Services
CenturyLink Inc. CTL Communication Services Telecommunication Services