The returns reported are gross of management fees and represent the returns of model portfolios only and do not represent the returns of any client. Individual account performance may differ materially from the representative performance history in this video, due to factors including but not limited to an account’s size, the length of time the strategy has been held, the timing and amount of deposits and withdrawals, the timing and amount of dividends and other income, trade execution timing and pricing, foreign exchange rates, and fees and other costs. This is not an official statement from Wellington-Altus Private Wealth (“WAPW”). WAPW cannot verify the accuracy of these performance numbers. Please refer to your official WAPW statement for your specific performance numbers.
EXECUTIVE SUMMARY – WELLINGTON-ALTUS PRIVATE WEALTH INC. DECEMBER 2024 MARKET UPDATE
We sold half of our position in Eli Lilly & Co. in November. We have no clarity on whether LLY will be affected by Robert F. Kennedy Jr.’s new policies, so we trimmed our LLY holdings and purchased Goldman Sachs (GS) with the proceeds. We are looking outward over the next four years and believe that mergers and acquisitions (M&A), and international investment banking will do well.
