The Nvest Market Blog, our current thoughts on the Street
- Categories
- Asset Class Review
- Market Alert
- Market Outlook
- Market Valuation
- Mutual Funds
- Planning Considerations
- Archives
- September 2010 (0)
- August 2010 (4)
- July 2010 (5)
- June 2010 (5)
- May 2010 (6)
- April 2010 (5)
- March 2010 (6)
- February 2010 (4)
- January 2010 (4)
- December 2009 (4)
- November 2009 (5)
- October 2009 (5)
- September 2009 (4)
- August 2009 (5)
- July 2009 (3)
- June 2009 (5)
- May 2009 (4)
- April 2009 (4)
- March 2009 (6)
- February 2009 (4)
- January 2009 (4)
- December 2008 (6)
- November 2008 (4)
- October 2008 (5)
- September 2008 (9)
- August 2008 (3)
- July 2008 (5)
- June 2008 (4)
- May 2008 (3)
- April 2008 (1)
- March 2008 (2)
- February 2008 (1)
- January 2008 (1)
- December 2007 (0)
- November 2007 (1)
- October 2007 (1)
- September 2007 (0)
- August 2007 (0)
- July 2007 (0)
- June 2007 (0)
- Contributors
- Bill Henderly, CFA
- Steve Henderly, CFA
Columbia Technology
posted 10.15.2007 at 1:34 p.m. by steve
As we’re certain you are aware, much prudence, thought and analysis goes into each investment decision we make on your behalf. We continuously track client portfolios and the performance of each investment in them. Along with performance tracking, we closely monitor each fund’s allocation to the various business sectors (financials, industrials, technology, healthcare, services, etc…) to ensure that our funds are not collectively overexposing your portfolio to any one sector.
Recently, we have been paying close attention to research and models that suggest Technology stocks, largely out of favor since 1999, may be in good position to outperform the broad market under the current macro-economic landscape. As such, we have done much analysis in recent months to identify a tech-specific fund for use in our more aggressive client portfolios, believing that a slight increase in technology expposure may provide a nice boost to client portfolios.
Through the process and screening of hundreds of funds, we selected the Columbia Technology Fund (CMTFX) for several reasons including its strong long-term track record and disciplined but opportunistic investment approach. Within recent weeks, you may have noted the addition of Columbia Technology to your portfolio. CMTFX looks for companies that are most likely to benefit from a technological trend, and then identifies those that have the ability to grow revenue and earnings; have a strong balance sheet and trends in accruals; sustainable valuations; and have the possibility for a 20% positive upside to their price target over 12 months. The fund has consistently ranked among the top in its peer group.
For additional information on this fund or to gain further insight about its addition as it relates to your portfolio, please give us a call.