Sector
Current Rating
SPDR Gold Trust
Vanguard FTSE Dev Mkts
Vanguard Intermediate Bond
SPDR Barclays High Yld Bond
Vanguard Short-Term TIPs
Vanguard Total Intl Bond
SPDR S&P 500 ETF
Vanguard FTSE Emerging Mkts
Vanguard Global ex-US REIT
LEGEND
– Overweight
– Neutral
– Underweight
– Rating Change This Period
Gold moved to overweight this month, basically on a valuation play. The materials sector of the stock market also looks attractive at this point, so another option would be to look at the Gold Miners in addition to the a gold fund. International developed markets also remained an overweight, extending the streak of overweights to 8 months. This has been a profitable overweight call. Global REITs remained underweight, and this has been a not so profitable call. Early indicators for November show foreign REITS to go to equal weight.