Kenilworth Portfolio Update: 24 December 2012

Here it is, Christmas Eve, and time again to update the Kenilworth Portfolio.  As one of the five ITA Risk Reduction model portfolios, only one critical ETF, the commodities DBC is currently priced below its 195-Day Exponential Moving Average.  The Kenilworth holds a minimum position in commodities for the purpose of calculating the ITA Index.  In other words, the ITA Index is measured as if there is a full 5% position held in commodities.  If the decision to move out of DBC due to the price – moving average decision works out, then the portfolio gains on the customized index.  However, if the move goes against the manager, then the portfolio suffers and falls behind the ITA Index.  The ITA Index is calculated on the basis of the Strategic Asset Allocation plan or the percentages with the white background in the following Dashboard.

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