Sage Advice Taxable Quarterly Market Review 1Q2019

In terms of the second quarter, we have a more cautious view and have started to tilt modestly more defensive within our strategies given poor data trends, higher volatility, and the rebound in risk assets. To this end, we have a full-duration weighting versus our benchmarks, a more bar-belled curve allocation given the flattening trend, and a spread overweight divided between credit and MBS. While the fourth quarter provided an opportunity to tactically increase credit on spread widening, the rapid tightening in the first quarter has prompted us to selectively sell issuers that have tightened significantly and offer less upside potential.

  • DATE: April 9, 2019

Featured Insights

Fixed IncomeTactical ETF

Sage Advice Tactical ETF Quarterly Market Review 1Q2019

Our overall positioning theme going into the second quarter is to stay fully invested from an asset allocation standpoint but to continue lowering risk within equities . . .

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Fixed IncomeMunicipal Fixed Income

Sage Advice Municipal Quarterly Market Review 1Q2019

Our portfolio sector allocations will remain focused on stable-to-improving sectors, including both general obligation and essential service revenue bonds rated A2 and . . .

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ESG SolutionsGUDB

Sage ESG Intermediate Credit Index — March 2019

This report compares the Sage ESG Intermediate Credit Index (GUDBESG or “the Index”) to the broad index, the Bloomberg Barclays U.S. Intermediate Credit Index (BBIC).

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