Mid Month Bragging

I really do hate to brag, but when the rest of the market is roiling like it is right now, investors clamor for security.  A well-curated REIT portfolio fits the bill nicely.  As such, the S&P closed on July 31 at 2980.38, and closed today at 2874.60, a drop of about 3.5%.  ACCRE, on the other hand, is up 1.59% on the month.  Indeed, every long position we have was up today, and our short position was slightly down.  Go figure….

By the way, a dollar invested in ACCRE at the inception (April 1, 2017) is now worth slightly over $1.60.  You’re welcome.

ACCRE: Another solid month

ACCRE was positive again in July, and (not surprisingly) turned in significantly better numbers than the S&P.  Specifically, ACCRE showed a 2.16% return for the month compared to 1.31% for the S&P.  (NAREIT statistics are not yet in.)  Overall, a dollar invested in ACCRE at the inception would be worth $1.58 today, compared to $1.26 for that same dollar invested in the S&P.

Dollar Invested 7 31 19

Part of the success of ACCRE is its lack of correlation with the S&P.  Overall, since the inception, ACCRE and the S&P only have a 42.2% correlation.  Hence, ACCRE enjoys stability in times of volatility, and thus adds diversification to a stock portfolio.  For the month of July alone, the correlation fell to 29.5%.  Hence, the significant swings in the overall stock market were mostly unfelt at ACCRE.

Subscribers will receive a more in-depth snapshot later this weekend.  We’ve recently added some holdings to our portfolio, and will probably re-align some holdings as August progresses.  Best wishes for a great weekend!