Winans Investments (WI), a 25-year old investment advisory firm, has drawn national recognition by being featured in TD Ameritrade’s financial magazine “Advisor Solutions” for its proprietary approach to active investing. Since 2017, WI’s performance comes through good-old fashioned “stock picking”.
Morningstar’s Separate Managed Account database has 2,981 advisor portfolios with more than 90% of their holdings in US & foreign stocks.
WI 5-year performance places it in the 0.6% percentile of its peers.
Access to Winans Investments can currently be found on TD Ameritrade’s Separate Account Exchange program as well as by contacting us directly.
This program makes Winans Investments services available to other financial advisors as well as separate managed accounts for individuals, Trusts, IRAs and 401ks.
Winans Investment SMA Growth Portfolio Composite:
Net Annualized Returns:
Total Return YTD 2017 3-year 5-year 10-year 15-year
WI Results 6.1% 27.8% 11.8% 16.3% 9.3% 17.8%
Benchmark 0.4% 19.1% 8.9% 15.7% 10.4% 18.2%
Beta na 0.56 0.67 0.77 na na
Alpha na 17.08 4.40 2.64 na na
See disclaimers below &WinansInvestments.com
Performance results displayed are based on a composite of similarly managed portfolios. Individual portfolio returns are calculated on a monthly basis using the BAI method, which computes an approximated time-weighted rate of return. Composite returns are then calculated by asset-weighting portfolio returns on a monthly basis using beginning of period market values.
Valuations are computed and performance is reported in U.S. dollars. All returns include the reinvestment of income and dividends. Net performance results have been reduced by trading expenses and have been further reduced by actual management fees.
Past performance should not be taken as representative of future results. The information supplied and the formula calculations used are considered reliable but cannot be guaranteed. Information supplied can change without notice. Additional information is available upon request.
The Growth 100% Composite includes fully discretionary all growth portfolios that are actively managed to Winans’ 100/0 Strategy which is designed for investors who have the highest tolerance or need for risk. The strategy employs a top-down investment approach to determine investment exposure in stocks. Financially sound, multi-cap U.S. listed common stocks are selected utilizing technical analysis focusing on the security’s 200-day moving average, while also emphasizing each investment’s downside protection. This strategy offers Winans’ most aggressive allocation of equity securities. Winans has discretion over individual investments as well as the discretion to increase and decrease the portfolio’s exposure to multi-cap U.S. listed stocks. The allocation of the strategy can vary over time but typically maintains a target equity allocation near 100% of portfolio assets. Starting January 2010, the minimum account size for inclusion in the composite is $100,000.
The Corporate Income 100% Composite includes fully discretionary portfolios that are managed to Winans’ 0/100 Strategy which is designed for investors who have a low tolerance or need for risk. This strategy offers Winans’ most conservative allocation of bond and preferred stock income. Winans has discretion over individual investments as well as the discretion to increase and decrease the portfolio’s exposure to any income investment. The allocation of the strategy can vary over time but typically maintains a target allocation near 100% of portfolio assets to an intermediate ladder of medium to high yield U.S. corporate bonds and U.S. listed preferred stocks. Starting January 2010, the minimum account size for inclusion in the composite is $100,000.
Prior to January 2010, composite membership was compiled on an annual basis and excluded:
• Portfolios that had less than $50,000 as of the year-end balance.
• Portfolios that were open for less than 12 months.
• Clients who changed their investment goal and/or asset allocation by more than 10% during the year, or had a variation allowance greater than or equal to 25%.
• Portfolios that had net deposits and withdrawals greater than or equal to 25% of the year-end balance.
• Portfolios with client selected investments that made up 10% or more of portfolio holdings at year-end.
• Portfolios with restrictions on the investment activities at any time during year.
• Winans International retirement plans, employee accounts, and employee spouse accounts.
Growth: A total return consists of: 24% S&P 500 Index, 24% NYSE Composite, 24% Dow Industrial Average, and 24% Winans Legacy Stock Index, 5% S&P U.S. Treasury Bill 0-3 Month Index.
Income: A total return consists of: 95% Dow Jones Corporate Bond Average, 5% S&P U.S. Treasury Bill 0-3 Month Index.
Benchmark performance for each portfolio category is based on the strategic weightings described above and may differ from actual weightings of client holdings during the period displayed. Client portfolios included in each portfolio category are based on client’s stated investment strategy and not on actual asset class weightings within each client’s portfolio. The volatility of each benchmark may be materially different from that of the investment portfolio. The percentage of clients outperforming their benchmark may be less than shown if benchmark weightings were adjusted to reflect actual client asset weightings over the same period. The Difference % in performance between WI Net Return % and Benchmark % may be less than shown, or negative, if benchmark weightings were adjusted to reflect actual client asset weightings over same period.
The S&P 500 Index is a market-capitalization weighted index, which measures price movements of the common stock of 500 large U.S. companies within leading industries.
The New York Stock Exchange Composite Index is a float-adjusted market-capitalization weighted index which includes all common stocks listed on the NYSE, including ADRs, REITs and tracking stocks and listings of foreign companies.
The Dow Jones Industrial Average (DJIA) is a price-weighted average of 30 significant stocks traded on the New York Stock Exchange and the NASDAQ.
The Dow Jones Corporate Bond Average Index is designed to track the total returns of 96 large and liquid investment-grade bonds issued by companies in the U.S. corporate bond market.
Winans Legacy Stock Index (WILSI) is an unweighted composite of 250 senior common stocks from diverse industry sectors which comprise the historical leadership of the U.S. economy. Most of the companies have been in continuous operation since 1906 (on average), and most have been continuously traded on the New York Stock Exchange (NYSE) since 1970. Since the WILSI’s underlying components are unweighted and remain unchanged over a 45-year timeframe, this provides a baseline to compare today’s financial conditions to past stock market cycles using the exact same securities. The WILSI provides an alternative means to evaluate stock market activity (past and present), and it eliminates many of the statistical flaws inherent in conventional stock market indices (i.e., S&P 500 Index & Dow Jones Industrial Average) due to their frequent changes in underlying components and data weighting methods.
• There are no assurances that an investor’s return will match or outperform any particular benchmark.
• Winans Investments is registered as an investment adviser with the SEC and only transacts business in states where it is properly registered, or is excluded or exempted from registration requirements. SEC registration does not constitute an endorsement of the firm by the Commission nor does it indicate that the adviser has attained a particular level of skill or ability.
• All investment strategies have the potential for profit or loss. Different types of investments involve varying degrees of risk, and there can be no assurance that any specific investment or strategy will be suitable or profitable for a client’s investment portfolio.
• This press release is a publication of Winans Investments. Information presented is believed to be factual and up-to-date, but we do not guarantee its accuracy and it should not be regarded as a complete analysis of the subjects discussed. All expressions of opinion reflect the judgment of the author as of the date of publication and are subject to change. Content should not be viewed as personalized investment advice or as an offer to buy or sell, or a solicitation of any offer to buy or sell the securities mentioned herein. A professional adviser should be consulted before implementing any of the strategies presented.
• Past performance may not be indicative of future results. Therefore, no current or prospective client should assume that the future performance of any specific investment or strategy will be profitable or equal to past performance levels.
• All investment strategies have the potential for profit or loss. Changes in investment strategies, contributions or withdrawals, and economic conditions may materially alter the performance of your portfolio.
Betting on death of petrol cars, Volvo to go all electric by 2030
By Nick Carey and Helena Soderpalm
LONDON (Reuters) – Volvo’s entire car line-up will be fully electric by 2030, the Chinese-owned company said on Tuesday, joining a growing number of carmakers planning to phase out fossil-fuel engines by the end of this decade.
“I am totally convinced there will no customers who really want to stay with a petrol engine,” Volvo Chief Executive Håkan Samuelsson told reporters when asked about future demand for electric vehicles. “We are convinced that an electric car is more attractive for customers.”
The Swedish carmaker said 50% of its global sales should be fully-electric cars by 2025 and the other half hybrid models.
Owned by Hangzhou-based Zhejiang Geely Holding Group, Volvo said it will launch a new family of electric cars in the next few years, all of which will be sold online only. Volvo will unveil its second all-electric model, the C40, later on Tuesday.
Samuelsson said Volvo will include wireless upgrades and fixes for its new electric models – an approach pioneered by electric carmaker Tesla Inc.
Carmakers are racing to switch to zero-emission models as they face CO2 emissions targets in Europe and China, plus looming bans in some countries on fossil fuel vehicles.
Last month, Ford Motor Co said its line-up in Europe will be fully electric by 2030, while Tata Motors unit Jaguar Land Rover said its luxury Jaguar brand will be entirely electric by 2025 and the carmaker will launch electric models of its entire line-up by 2030.
And last November, luxury carmaker Bentley, owned by Germany’s Volkswagen, said its models will be all electric by 2030.
Electrification is expensive for carmakers and as electric vehicles have fewer moving parts, employment in the auto industry is expected to shrink.
Last week, the head of Daimler AG’sDE> truck division said going electric will cost thousands of jobs in the company’s powertrain plants in Germany.
Volvo said it will invest heavily in online sales channels to “radically reduce” the complexity of its model line-up and provide customers with transparent pricing.
The carmaker’s global network of 2,400 traditional bricks-and-mortar dealers will remain open to service vehicles and to help customers make online orders.
Via volvocars.com customers will be able to choose from a simplified range of pre-configured electric Volvos for quick delivery – but they will still be able to order custom-made models.
(Reporting By Nick Carey; editing by Barbara Lewis)
Oil extends losses on worry over possible supply increase from OPEC
By Yuka Obayashi
TOKYO (Reuters) – Oil prices fell more than 1% on Tuesday, extending losses that began last week, as investors unwound long positions on concern that OPEC may agree to increase global supply in a meeting this week and Chinese demand may be slipping.
Brent crude dropped 78 cents, or 1.2%, to $62.91 a barrel by 0138 GMT, after losing 1.1% the previous day. U.S. West Texas Intermediate (WTI) crude slid 74 cents, or 1.2%, to $59.90 a barrel, having lost 1.4% on Monday.
Investors are worried the Organization of the Petroleum Exporting Countries and its allies, a group known as OPEC+, will boost oil output, said Hiroyuki Kikukawa, general manager of research at Nissan Securities.
“Oil prices remained under pressure as investors were making position adjustments ahead of the OPEC meeting,” he said.
The group meets on Thursday and could discuss allowing as much as 1.5 million barrels per day (bpd) of crude back into the market.
OPEC oil output fell in February as a voluntary cut by Saudi Arabia added to reductions agreed to under the previous OPEC+ pact, a Reuters survey found, ending a run of seven consecutive monthly increases.
Market sentiment was also dampened by weak manufacturing data out of China, Nissan Securities’ Kikukawa said.
China’s factory activity growth slipped to a nine-month low in February, which may curtail Chinese crude demand and pressure oil prices.
(Reporting by Yuka Obayashi; Editing by Tom Hogue)
Brexodus from City of London to the EU slows
By Huw Jones
LONDON (Reuters) – The shift in financial staff and assets from the City of London to the European Union because of Brexit has eased after Britain completed its full departure from the bloc, a tracker from consultants EY showed on Tuesday.
Financial services are not included in the EU-UK trade deal that came into effect on Jan. 1, largely cutting off the City from the EU.
Financial firms in Britain have opened subsidiaries in the EU, with Dublin and Luxembourg the most popular destinations, EY said.
“After the major hurdle of standing up new EU hubs, the days of significant swathes of asset and job relocation announcements appear to have passed and will likely be replaced by the slower yet ongoing movement of people and assets to Europe for compliance purposes,” Omar Ali, a financial services managing partner at EY, said.
EY said in its latest Brexit Tracker that job moves have risen to almost 7,600, up by 100 since October, while the number of new hires in Europe since Britain’s EU referendum in 2016 remains flat at around 2,850 new jobs.
The loss is a small fraction of total jobs in British financial services and is far lower than initial predictions.
There was also an incremental rise in the relocation of assets, now totalling almost 1.3 trillion pounds ($1.82 trillion), up from 1.2 trillion pounds previously, EY said.
On Jan. 4, more than 8 billion euros ($9.63 billion) in daily share trading shifted from London to Amsterdam and Paris, followed by chunks of trading in euro-denominated swaps.
The EU is targeting the clearing of euro swaps, which London dominates, although EU’s Ali said splitting markets would not benefit Europe.
“Fragmentation of European financial services will serve to only benefit the U.S. and Asia,” he said. Some of the swaps trading that has left London has moved to New York.
EY calculated its figures from public statements by 222 of the largest banks, insurers, fintechs and asset managers since June 2016 to the end of February 2021. A quarter, or 57 firms, said Brexit has or will have a negative impact on them, up from 49 in January 2020.
(Reporting by Huw Jones; editing by Barbara Lewis)
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