Churchill Research, Inc.
Global Equity Analysis in the Classical Economic Model
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Performance of the Classical Insights portfolio
As of June 11, 2010 the Classical Insights portfolio had gained 721% from its founding on December 19, 2002. The portfolio outperformed the S&P 500 by 678 percentage points during the period. The chief driver for the outperformance was the portfolio's heavy weighting in commodity and basic industry names.
As of June 24, 2010, the Classical Insights Emerging Market portfolio had gained 396% from its founding on April 18, 2005. The portfolio outperformed the MSCI Emerging Market index by 314 percentage points during the period.
The Classical Insights portfolio is held at UBS. The EM portfolio is held partly at UBS and partly at Pershing. Both are real-money portfolios. We try to inform clients prior to trades being done (and almost always do).
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