Articles on investing and capital management, with a quantitative focus.
At year end, I evaluted the XIU.top portfolio and went through the update methodology. Remember that this is not a buy-and-hold portfolio; it requires some management, once a year.
In the Energy category, Enbridge has replaced Suncor due to the increase in market value. This means that ENB should now be held for all of 2020.
I sold SU, bought ENB, and trimmed a position slightly to maintain approximately equal weight. Remember that equal sector weights help reduce portfolio risk. We want to limit the damage in case one sector crashes.
Performance for 2019 was 17.49% compared to 21.81% for regular XIU. These are not identical portfolios and they will not have the same performance every year.
— Jem Berkes