It\u2019s hard to believe we are already halfway into 2023 and into the throes of summer. As we wrap up the second quarter of 2023, we are excited to update you on how our proactive strategies have continued to help in navigating the complex market landscape.<\/p>\n
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Continued Reduction of Alternative Investments and Focus on Liquidity:<\/strong><\/p>\n One of the key highlights of the quarter was our successful effort in increasing the liquidity of client portfolios. We recognized the importance of maintaining a balanced approach and, as a result, made strategic decisions to further reduce our exposure to alternative investments. By doing so, we have ensured greater flexibility in navigating market conditions and taking advantage of attractive investment opportunities as they arise.<\/p>\n <\/p>\n Profit Taking in Technology and Digital Assets:<\/strong><\/p>\n Throughout the second quarter, the technology sector emerged as the best-performing sector within our portfolios. Our astute allocation decisions and monitoring in this sector allowed us to capitalize on the prevailing market trends and generate positive returns for our clients.\u00a0\u00a0In addition, our enhanced digital asset solution, which dynamically rebalances between Bitcoin, Ethereum, and USD Cash based on predefined momentum parameters, has proven to be a crucial component of our strategy and we executed timely profit-taking strategies to lock in gains in this sector as well.<\/p>\n <\/p>\n Optimistic Tactical Allocations and Conservative Approach:<\/strong><\/p>\n Looking ahead to the remainder of the year, we maintain an optimistic outlook for our tactical allocations. Our research and analysis indicate promising opportunities in these sectors. However, we are also mindful of the potential risks and volatility inherent in the markets. Therefore, we have adopted a conservative approach with our core holdings, which will enable us to participate in market rallies while safeguarding against potential downturns.<\/p>\n <\/p>\n Quick Response to Market Rally:<\/strong><\/p>\n The increased liquidity generated by reducing our alternative assets positions us favorably to respond swiftly to a potential market rally. As interest rates appear to be reaching a peak, we anticipate a shift of money from cash equivalents back into the market. Our strong liquidity position will enable us to seize opportunities promptly and capitalize on the changing market dynamics.<\/p>\n <\/p>\n In conclusion, the second quarter of the year has been marked by increased liquidity, outperformance in the technology and digital assets sectors, and proactive risk management. We remain committed to delivering results for our clients and are confident in our ability to navigate the evolving market landscape.<\/p>\n <\/p>\n We appreciate your trust and partnership, and we look forward to updating you on our progress as we continue to strive for excellence in our investment management approach.<\/p>\n <\/p>\n As always, if you have any questions or require any assistance, please reach out to a member of our office and we will be happy to help you.<\/p>\n Sincerely,<\/p>\n <\/p>\n The Team at Stonehaven Private Counsel<\/strong><\/p>\n <\/p>\n About the Authors<\/strong> The material contained herein has been provided for information purposes only.\u00a0 The information has been drawn from sources believed to be reliable.\u00a0 Graphs, charts and other numbers are used for illustrative purposes only and do not reflect future values or future performance of any investment.\u00a0 The information does not provide financial, legal, tax or investment advice.\u00a0 Particular investment, tax, or trading strategies should be evaluated relative to each individual\u2019s objectives and risk tolerance.\u00a0 This does not constitute a recommendation or solicitation to buy or sell securities of any kind. Market conditions may change which may impact the information contained in this document. \u00a0Wellington-Altus Private Counsel\u00a0 (WAPC) does not guarantee the accuracy or completeness of the information contained herein, nor does WAPC assume any liability for any loss that may result from the reliance by any person upon any such information or opinions.\u00a0 Before acting on any of the above, please contact your financial advisor.<\/p>\n","protected":false},"excerpt":{"rendered":" It\u2019s hard to believe we are already halfway into 2023 and into the throes of summer. As we wrap up the second quarter of 2023, we are excited to update you on how our proactive strategies have continued to help in navigating the complex market landscape. Continued Reduction of Alternative Investments and Focus on […]<\/p>\n","protected":false},"author":106,"featured_media":1027,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_oasis_is_in_workflow":0,"_oasis_original":0,"_oasis_task_priority":"","_exactmetrics_skip_tracking":false,"footnotes":""},"categories":[17],"tags":[],"class_list":["post-940","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-portfolio-commentary"],"yoast_head":"\n
\nThis commentary was prepared by Jeff Sproul, PFP\u00ae, CIM\u00ae<\/strong>, Victor Kuntzevitsky, CFA, CAIA<\/strong>, and Grant Dawes, CIM\u00ae, CFP\u00ae, TEP<\/strong> of Stonehaven Private Counsel at Wellington-Altus Private Counsel. Together, they provide portfolio management and wealth planning guidance to business owners, executives, affluent families, retirees, and multi-generational wealth clients<\/strong>. Learn more<\/a> about their experience, credentials, and areas of expertise and explore how Stonehaven supports different client needs<\/a> through its work with business owners<\/strong>, retirees<\/strong>, professionals<\/strong>, families<\/strong>, and next-generation wealth clients<\/strong>.<\/p>\n