Financial Tales Portfolio

Managed by Sera Capital Management

-0.3% Last 30 days 2.4% Last 90 days 7.8% Last 365 days 1.43 Sharpe Ratio -1.8% Max Drawdown

Financial Tales Portfolio

Managed by Sera Capital Management

-0.3% Last 30 days 2.4% Last 90 days 7.8% Last 365 days 1.43 Sharpe Ratio -1.81 Max Drawdown
Risk score
Strategy ETFs / Funds
AUM fee 1.0%
Requirements
• Investment minimum: $10,000
• Margin account
or Sign up to invest
Sera Capital Management’s Financial Tales Portfolio is designed for investors, not speculators. This global tactical strategy invests in a mix of Exchange-Traded Products (ETPs), and seeks to potentially outperform inflation by 5% a year over multiple market cycles. We attempt to achieve that goal while taking on about half the risk of the S&P 500.

Research

Our research uses overlapping neural networks and technical analysis to help us identify emerging asset classes, and ones that we believe have the strongest risk-adjusted return potential. Our neural networks also help us in our attempts to contain the risk of large losses.

Approach

We apply a disciplined, rule-based trading methodology to our global investment strategy. We attempt to keep the portfolio invested in what our research suggests are undervalued asset classes while maintaining diversification. We invest in both liquid Exchange Traded Funds (ETFs) and Exchange Traded Notes (ETNs) and utilize technical signals including long-term moving averages and measures of momentum.

Allocation discipline

We invest in liquid ETFs and ETNs, and typically have between 10 to 20 holdings. We at times may hold as few as 5 securities. Other than cash, no individual security is expected to make up more than 25% of the portfolio. Some holdings may be held for a period of several weeks, although we have other holdings that remain in the portfolio for 3 years or longer.

Sell discipline

We typically look at asset class investments in pairs. A buy signal typically triggers a corresponding sell of another asset class. When an asset class becomes a sell without a corresponding buy, we go to cash. At our discretion, we also will sell asset classes that have performed above and beyond our expectations.

Exceptions

None.

All performance information on this page is based on the performance of the Portfolio Manager’s account. Client performance may differ. This information was calculated on November 17, 2017.

Daily returns
Performance
S&P 500
Manager (net of fees )
Last 30 days -0.3% 0.7%
Last 90 days 2.4% 6.3%
Last 365 Days 7.8% 17.9%
Since inception (Annualized) 3.9% 10.3%
2017 (YTD) 6.9% 15.2%
2016 3.7% 9.5%
2015 -0.7% -0.7%
2014 3.5% 11.4%
Risk metrics (last 365 days)
S&P 500
Manager (net of fees )
Volatility 4.6% 6.8%
Sharpe Ratio 1.43 2.44
Sortino Ratio 1.93 3.26
Maximum Drawdown -1.8% -2.8%
Value-at-risk (95%, 1 week) -1.1% -1.6%
Additional metrics (last 365 days)
vs. S&P 500
Information Ratio -1.8%
Alpha 0.93
Beta 0.40
R-Squared 0.4%
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About Sera Capital Management

Sera Capital Management is a father-and-son investing team. We focus on strategies that try to mitigate the risk of significant losses without compromising reward. I am Carlos Sera, and I have provided investment and wealth management advice to high-net-worth individuals for more than 25 years. I am responsible for setting Sera Capital’s investment and research strategies. I work with my son, Carl E. Sera. He holds a Chartered Market Technician (CMT) designation and is skilled in tactical asset allocations, managing market sentiment and behavioral finance.

Important Information

  1. Past performance is no guarantee of future results, and all investments, including those in this portfolio, involve the risk of loss, including loss of principal and a reduction in earnings.  
  2. All performance information on this page is based on the performance of the Portfolio Manager’s account, using the manager’s own funds. Portfolio Manager’s pre-IB Asset Management performance information may include performance of non-IB Asset Management client accounts. Performance of the Portfolio Manager's account is calculated by IB Asset Management on a daily time-weighted basis, including cash, dividends and earnings distributions and reflects the deduction of broker commissions. Manager returns include trades and positions that fail IB Asset Management's trading rules, as a result, actual client returns will differ. IB Asset Management advisory fees are simulated and applied retroactively to present the portfolio return "net-of-fees".
  3. None of the performance information displayed on this page is based on the actual performance of any IB Asset Management client account investing in this portfolio. The performance in an IB Asset Management client account invested in this portfolio may differ (i.e., be lower or higher) from the Portfolio Manager’s account performance based on any trading restrictions imposed by the client (resulting in different account holdings), time of initial investment, amount of investment, frequency and size of cash flows in and out of the client account, applicable brokerage commissions, and different corporate actions. Clients investing in this portfolio may view the actual performance of their investment in this portfolio by logging into their IB Asset Management account and reviewing their customized dashboard.
  4. All graph data is as of the end of day for the referenced period, unless otherwise specified. The investment minimum is the minimum investment required to follow a particular portfolio. The minimum amount is determined by IB Asset Management, based on the characteristics of the underlying portfolio. It should not be considered as specific investment advice for your investment situation.
  5. The performance charts are provided for informational purposes only, and should not be used as the basis for making an investment decision. We rely on mathematical formulas, computer programs, and pricing information from third-party vendors to provide these returns. Neither IB Asset Management nor any of its data or content providers shall be liable for any errors in this information or any actions taken by you in reliance upon this information.
  6. Benchmark returns displayed have been calculated by IB Asset Management using daily benchmark prices and do not include dividend income. More information here. For certain portfolios IB Asset Management uses an index as a benchmark, while for others it uses an investable exchange traded fund (ETF) as a benchmark. Index returns do not reflect the deduction of any management fees, transaction costs or expenses. Individuals cannot invest directly in an index. Investable ETF returns reflect the deduction of (i.e., are net of) management fees, transaction costs and expenses.
  7. All Portfolio Manager information including personal data, profiles, strategies, monthly investment reports, and historical results outside of IB Asset Management has been provided by the Portfolio Manager. IB Asset Management makes no representation or warranty of its accuracy, completeness or relevance and it does not represent the opinions of IB Asset Management. Transaction history of Portfolio Managers is available upon request. Portfolio classifications are provided by IB Asset Management, and are intended to serve as a general guide.
  8. Not all transactions listed will appear in accounts due to IB Asset Management's trading rules and individual client constraints. Eligibility of these securities is monitored periodically, and may change over time. Actual client investment holdings may vary.
  9. This portfolio was launched on IB Asset Management on July 15, 2013.