March 12, 2010 11:31 AM ET

Focus

Status

Finance Professional

Asset class

All US equities

Cap bias

No specific

Position type

Long only

Approach

Fundamental

Trade frequency

Less than 10 trades per month

Holding period

Buy and hold

Diversification

11 to 20 holdings

Vivian Lewis

Vivian Lewis

Strategy International Yield

Category Specialist knowledge

Average trade replication time 2 minutes

1,761 Views

5 Subscribers


Model risk score 2

To subscribe login or open a client account

Fees 1.50% of invested assets p.a. Subscription Min $5,000.00*


Investment Strategy

As editor of Global-Investing, the 2nd best performing US Newsletter over the past decade as rated by Hulbert Financial Digest, she offers a high-yielding international portfolio with a target yield of 5%.  She has lived abroad and has a team of international reporters researching prospects for her.

Her investment model will aim to provide a relatively safe portfolio producing a good yield (target 5%) invested in closed-end funds, stocks, and preferred shares from outside the United States.

She uses standard Internet and news sources for ideas which she then researches. She relies upon a team of reporters, who all write for her newsletter, in Latin America, Europe, Japan, India, and China. She questions managers she knows personally, not about their own funds, but about others they know about. She does not do screening of large numbers of potential positions which is too mechanical...

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She aims to have 10 equal positions to start with, providing a diversified yield portfolio including common and preferred stocks, closed-end or exchange-traded funds invested in straight or convertible bonds, REITs,  or other yield instruments, all predominantly non-US.

If there is a change in the riskiness of the position, if there is a cut in the payout or a forecast of a cut, she would sell.

None.

Investment Report

Our focus on total return, including yield, in the Covestor Global Investing account, has held up well in the market selloff.

Excellent potential exists with European stocks with a higher payout ratio than most US firms offer. Opportunities exist with European banks, likely beneficiaries of the new U.S. administration rules on what business banks may do, fees when they collect money at the Fed...

February 2010

Personal Background

  • Editor of www.global-investing.com, rated the 2nd best performing US newsletter over the past decade by Hulbert Financial Digest
  • Lived and worked in Europe as a free-lance journalist for BusinessWeek, The Economist, The (London) Sunday Times, Institutional Investor, The American Banker, and The Institutional Herald Tribune
  • Speaks English, French, German and Portuguese. Reads Dutch and Russian...

Experience on Covestor.com

Vivian Lewis's Covestor.com Profile

  • Overperformed S&P 500 for 5 of their 14 months on Covestor.com#
  • Return Since Inception: 6.09% (January 2009)
  • Last 3 Months Return: 3.52% (S&P 500 0.81%)
  • Annualized Return: 5.18%
  • Sharpe Ratio: 0.41 (S&P 500 -0.08)
  • Maximum Drawdown: -13.20% (S&P 500 -56.78%)

Performance

please wait...
S&P500
Manager
Custom SI 1Y YTD 3M 1M
Inception December 04, 2009 Model Manager S&P 500
Return Since Inception (%) 9.86 4.00
Month to Date Return (%) 4.10 4.14
Sharpe Ratio 1.72 1.10

Monthly Performance (%)

Month Return S&P500 Outperformance Risk Performance
Feb 1.20 2.85 (1.65)
Jan 1.92 (3.70) 5.62
Dec 2.32 1.78 0.55

The performance of the model manager's account has been calculated by CVIM on a daily time-weighted basis including cash and broker commissions. These returns do not reflect any CVIM suitability or risk score restrictions and are exclusive of CVIM fees. Therefore, they do not represent the performance of the CVIM model available for subscription. Benchmark returns have been calculated by CVIM using a time-weighted calculation of daily valuations and do not include cash or transaction costs. Please see the additional disclosures below.

Top Holdings

Symbol Security Exchange Allocation (%)
STD PRB SANTANDER FIN PFD FLTG RATE NON-CUM SER 6 NYSE 17.35
BCS PRC BARCLAYS BK PLC SPONSORED ADS SER 4 NYSE 12.96
PT Portugal Telecom SGPS, S.A . NYSE 11.77
BCE BCE INC NYSE 10.91
DRP DWS RREEF WORLD REAL ESTATE NYSE 9.76

Total Holdings  11

Data displayed is as of market close: March 11, 2010

Recent Transactions

Symbol Security Type Price
PT Portugal Telecom SGPS, S.A . Buy $11.05
CCH Coca Cola Hellenic Bottling Co Sell $27.14
AGC ADVENT CLAYMORE GLOBAL CONVE Buy $8.42
STD PRB SANTANDER FIN PFD FLTG RATE NON-CUM SER 6 Buy $18.60
DRP DWS RREEF WORLD REAL ESTATE Sell $15.01

Data displayed is as of market close: March 11, 2010



* The Subscription Minimum is the minimum subscription required to follow a particular model. The minimum amount is determined by CVIM, based on the characteristics of the underlying model. It should not be considered as specific investment advice for your investment situation.

Covestor.com performance data has been calculated by Covestor on a daily time-weighted basis of the equity positions of the account and is exclusive of any commissions and cash in the portfolio. The member's performance on Covestor.com, based on a separate account, may not reflect the strategy employed to manage the model available for subscription on CVIM. Please see additional disclosures below.

# Since the model manager's inception in Covestor.com

It should not be assumed that any information discussed herein will prove to be profitable or that decisions in the future will be profitable or provide similar results. The information set forth herein is not a substitution for personalized investment advice, and should not be construed as a recommendation to purchase or sell a particular security or to subscribe to a particular model.

While Covestor does provide limited investment advice to its clients, the content herein is provided as general and impersonalized investment information and is not a recommendation or solicitation to buy or sell any security. Covestor does not guarantee or certify the quality, accuracy, completeness, or timeliness of any content contained herein or on the Covestor.com website. Please take appropriate professional advice in any investment decisions.

External Website Link

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