- Tactically moving to a more defensive positioning
- Increased bonds, decreased equities (all portfolios except Emblem Aggressive Growth, which has no bond component)
- Emblem Aggressive Growth – increased US equities, decreased international equities
Tactical update - December 20, 2022
We are choosing to adopt a more cautious posture and see increasingly attractive relative value in fixed income. As such, we have reduced our equity targets in the various Emblem funds and increased our fixed income targets.