A strength of the steward is the longest-tenured portfolio managers’ average tenure of 21 years at the firm, bringing extensive experience to the table. The firm's lineup has been durable. It has had a five-year risk-adjusted success ratio of 60%, meaning that of the strategies with a five-year track record, 60% have both survived and beaten their respective category median on a risk-adjusted basis. A high success ratio indicates good performance and provides insight into a firm’s discipline around investment strategy and product development. Permanent Portfolio open-end and exchange-traded products are priced, on average, among the highest quintile of similarly distributed strategies. This higher expense profile of its funds creates a larger performance hurdle and contributes negatively to Permanent Portfolio's rating.
Jody Jonsson: The Case for a Global Portfolio
A veteran portfolio manager and senior leader at Capital Group discusses why investors should keep the faith in non-U.S. names and where she’s finding attractive opportunities today.