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Gabriel F. Burczyk > Windhaven Misses Its 12-Month Benchmarks Again but Still Hits Asset-Gathering Mark
Gabriel F. Burczyk
RIABiz, an online publication geared towards financial advisors, recently reported on money manager Windhaven Investment Management's year to date performance and asset growth. "Since Charles Schwab & Co. acquired it a year ago, the Boston-based money manager's assets have surged 77% - to $8 billion from $4.5 billion."
Windhaven's "three portfolios underperformed their benchmarks for the 12-month period ended October 31, but the company is raking in assets despite the relatively low returns."
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"Windhaven's portfolios," as the article continues, "comprising primarily exchange-traded funds, are built to help investors weather bad markets by lessening their risk while often not generating quite as much return in an up market."
"The three strategies are performing as expected, over the long term - which is what they are designed to do," says Bryan Olson, president of Windhaven.
"While the long-term growth is strong, Olson concedes that these funds typically do better in a down market but won't perform as well in an up-tick." This can be seen during the market turmoil of 2008.
To learn more about Windhaven, their strategies, and Windhaven's performance, simply click here and request the information you would like.
Source: RIABiz
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