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Financial advisor: Danville portfolio posts gains as Fed eases; strategy favors longer holdings
Summary
Chantel Asset Management's Steve Huntley told the council the town's portfolio outperformed its benchmark over the past 12 months (5.48% total return vs. 5.09% benchmark) and gained about $1 million in market value over the quarter; he recommended a slightly longer duration posture as front-end yields fall following Fed cuts.
Steve Huntley of Chantel Asset Management presented the town's quarterly investment report on Jan. 13 and framed recent portfolio performance against current economic indicators. Huntley said the Federal Reserve's recent policy shift (including three 25-basis-point cuts and a return to some asset purchases) has pushed short-term yields down, creating a market environment where…
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