SWM sustainable portfolio fact sheets, March 2022: cautious on equities, moving to overweight fixed-income

Our equity ETF and crypto portfolios showed positive returns in March 2022, however our fixed-income portfolio declined by almost 2% (this was still approx.1% better than the fixed-income benchmark). Our equity- and related ETF portfolios lagged the broad market slightly, due to the high proportion of mid- and small-cap stocks and technology stocks in our sustainable ETFs. We have undertaken a major re-positioning and have most US equity exposure in the iShares Minimum Volatility ETF (USMV). We are cautious on the outlook for equity markets going forward and positioned defensively.

Our technical indicators have given multiple confirmations that the long-running equity bull market is rolling over into a bear market (all of this prior to the Ukraine conflict starting). Conversely, we believe that bonds are currently oversold. Most of the inflation worries, including the increased global inflation from the Ukraine war, are now priced into fixed-income, we believe. As a result we have moved to an overweight position in fixed-income on a tactical view.

Please follow this link to read Secure Wealth Management’s monthly ETF portfolio review for March 2022.