Equity Management
The US equity portfolio most
commonly used in individually managed accounts is Wright’s Equity
Core Portfolio, which requires a minimum investment of
$250,000. This portfolio is typically comprised of U.S. equities
diversified across economic sectors as defined by its performance
benchmark, the Standard & Poor’s 500 Index. Wright Managed
Core Equity portfolios are primarily large cap portfolios, but
accounts may contain up to 15% of market value in securities with
less than $5 billion in market capitalization. The investment
approach is to offer the best of all investment styles by blending
value and growth stocks. Since these two styles regularly cycle in
and out of favor, Managed Core Equity portfolios are designed to
smooth the cycles and potentially achieve higher risk adjusted
returns.
International equity exposure in an
individually managed account is generally achieved by introducing
shares of the Wright International Blue Chip Fund.* The inclusion of
this asset class is optional and dependent upon the client’s
tolerance for risk and desire for diversification.
* Available through Wright’s
affiliate, Wright Investors’ Service Distributors, Inc., 440
Wheelers Farms Road, Milford, CT 06460.
Alternative US equity portfolios may
be used, depending upon the investment objectives and risk profile
of the individual investor. They are:
- Wright Large Cap Growth Equity
portfolio
- Wright Large Cap Value Equity
portfolio
- Wright Mid Cap Blend Equity
portfolio
- Wright Mid Cap Value portfolio
Many long-term investors need to
consider capital gains implications in restructuring their
portfolios. Using individual equity holdings allows Wright to
schedule the restructuring of an equity portfolio over a period of
time so as to control the amount of capital gains realized in each
tax year.
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