Fourth Quarter 2018 Performance And Commentary

by: Broadleaf/Doug MacKay
Summary

It’s not much of a secret that the stock market was pummeled during the fourth quarter, with our portfolio declining in a similar fashion.

Weakness was generally broad based across almost all sectors of the economy as concerns of recession mounted in the face of continued Fed Rate increases.

Given our substantial lead earlier in the year, the Broadleaf Growth Equity Portfolio nevertheless finished in positive territory for 2018, up 4.7% net of fees.

It’s not much of a secret that the stock market was pummeled during the fourth quarter, with our portfolio declining in a similar fashion. Weakness was generally broad based across almost all sectors of the economy as concerns of recession mounted in the face of continued Fed Rate increases. Given our substantial lead earlier in the year, the Broadleaf Growth Equity Portfolio nevertheless finished in positive territory for 2018, up 4.7% net of fees, and well ahead of our benchmarks.

Over nearly all periods tracked –short, intermediate, long term and since inception – the Broadleaf Growth Equity Portfolio continues to outperform its benchmarks on a net of fees basis, placing us in the top decile/quartile of our long term peer group rankings.

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