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Emblem Portfolios in action - Asset Allocation Update, February 26, 2020

Investments, Tactical Updates

Posted by Empire Life Investments

Mar 2, 2020 10:19:13 AM

Empire Life Investments
Placements Empire Vie

Emblem Portfolios in action - Tactical Update July 2019

Key takeaways:

Increased US equities, decreased cash

download-blue Tactical Update - February 26, 2020

Global equities retreated sharply over the last week as investors digested news about the spread of the coronavirus to countries beyond China. The broadly based S&P 500 Index is now down over 7% from its recent high.

While we will continue to monitor the situation, as longer-term investors we know that volatility can often come out of nowhere and rattle investor sentiment, while the longer term impact on company fundamentals is minimal. It is difficult to handicap the virus in the short-to-medium term and the impact of COVID-19 on economic activity can be large in the short-term. However, market overreactions provide an opportunity to put some cash to work. We have tactically increased the Funds’ allocation to US equities.


Empire Life Emblem Portfolios: Asset Allocation Update


Empire Life Investments Inc. is the Portfolio Manager of the Empire Life segregated funds. Empire Life Investments Inc. is a wholly-owned subsidiary of The Empire Life Insurance Company.

Empire Life Emblem GIF Portfolios currently invest primarily in units of Empire Life Mutual Funds.

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Empire Life Investments Inc. is the Manager of the Empire Life Emblem Portfolios and Empire Life Mutual Funds (the “Portfolios” or “Funds”). The units of the Portfolios and Funds are available only in those jurisdictions where they may be lawfully offered for sale and therein only by persons permitted to sell such units.

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