RCM Robinson Capital Management LLC
 
  The Robinson Report           A quick and simple weekly market performance report.
Friday, March 31, 2006

 

 


Week in review:  

  • Change of Plans - Of large U.S. corporations (defined as those with 1,000 or more workers), 55% have defined benefit (DB) pension plans today. Within four years, the percentage of large corporations offering a DB plan is projected to fall to 36%.

  • They Buy a Lot of Our Bonds - Foreigners bought a net $54 billion of U.S. Treasury notes and bonds in calendar year 2000 or approximately $1 billion a week. Foreigners bought a net $348 billion of U.S. Treasury notes and bonds in calendar year 2005 or approximately $1 billion a day. The yield on the 10-year Treasury note over this period fell from 6.45% to 4.39%. At the end of 2005, 45% of U.S. Treasury obligations were owned by foreigners.

  • Happy with your S&P 500 Index Fund? - While a +3.73% return isn't bad for the first three months of the year, fully diversified equity managed accounts did so much better. The all equity "Aggressive" portfolio returned +7.58%. Lesson: stay diversified.  

  • Small is Big - US and International Small company stock indexes both led the way this quarter with double digit returns. Lesson: stay diversified.  


ASSET CLASS RETURNS 


  


Portfolio Performance REVIEW 

 

   
 
 

"People rarely succeed unless they have fun in what they are doing."
--
Dale Carnegie

 

% change in week ending 3/31/06

S&P500

(0.62)

US Lg Val (Russell 1000 Value)

(0.66)

US Sm (Russell 2000)

1.50

Intl (EAFE)

0.49

Intl Sm (EAFE Small)

1.68

3-5yr Govt (Bloomberg)

(0.45)

 

 

 

 

% change

Bloomberg Silicon Valley Index

Last 12 months

15.74

YTD

5.12

Last 5 sessions

0.01

 

 

% change

Global Hedge Fund Index  (3/22/05)

Last 12 months

7.71

YTD

3.57

Last 5 days

0.34

 

CONTACT US

RCM Robinson Capital Management LLC
27 Reed Blvd, Mill Valley, CA 94941
Tel: 1.415.771.9421
Fax: 415.762.1980
Email

 
 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Portfolio Performance is calculated by the Bloomberg Professional System on a total return basis. Current portfolio allocations

 

Important Performance Disclosure Information  

Portfolio Performance is the total return of seven unique asset allocation strategies that seek to fit the distinct needs of different investor goals, risk tolerance levels and investment time horizon. Each portfolio contains up to 16 individual funds totaling over 4000 securities, managed by OppenheimerFunds. The portfolios are designed to create efficient diversification through the selection of lower correlating asset classes. The purpose of these tables and charts is for you to follow specific market indexes, observe asset class rotation and to compare actual portfolio returns. 


Portfolio Performance is the total return of seven unique asset allocation strategies that seek to fit the distinct needs of different investor goals, risk tolerance levels and investment time horizon. Each portfolio contains up to 16 individual funds totaling over 4000 securities, managed by OppenheimerFunds. The portfolios are designed to create efficient diversification through the selection of mutual funds that may have a  low correlation between asset classes. The purpose of these tables and charts is for you to follow specific market indexes, observe asset class rotation and to compare actual portfolio returns net of management fees. Asset allocation strategy is available here.

 

Before investing in any of the OppenheimerFunds, investors should carefully consider a fund's investment objectives, risks, charges and expenses. The fund's prospectus contains this and other information about the fund. Read prospectuses carefully before investing.      

S&P 500 - Standard & Poor's 500 Index (not including dividends) - generally considered a U.S. Large Growth company market index.

Russell 1000 Value Index (US Lg Val) - generally considered a U.S. Large Value company market index.

Russell 2000 Index (US Sm)- generally considered a U.S. Small company market index.

EAFE - EAFE Index (Intl) (not including dividends) Europe, Australia, Far East and generally considered a large company international market index.

EAFE Sm - EAFE Small Index (Intl Sm) (not including dividends) Europe, Australia, Far East and generally considered a small company international market index.

Bloomberg Silicon Valley Index - market index of high tech companies located in the Silicon Valley area. 
Global Hedge Fund Index - representative of the overall composition of the hedge fund universe. It is comprised of eight strategies: 
convertible arbitrage, merger arbitrage, equity hedge, equity market neutral, relative value arbitrage, event driven, distressed securities, and macro. The strategies are asset weighted based on the distribution of assets in the hedge fund industry. See hedge fund risks. 

3-5yr Treas. - Bloomberg U.S. Government Treasuries 3-5 year maturities index and generally considered a intermediate maturity U.S. Government Note index.

All investments involve risk, including loss of principal. Foreign securities involve additional risks, including foreign currency changes, political changes, foreign taxes, and different methods of accounting and financial reporting. The foregoing has been prepared solely for informational purposes, and is not an offer to buy or sell or a solicitation of an offer to buy or sell any security or instrument or to participate in any particular trading strategy.  

The information contained herein is based on sources and data believed reliable, but is not guaranteed. Advisory services offered through RCM Robinson Capital Management LLC, SEC Registered Investment Advisor. Securities offered through Securities America, Inc., Member FINRA/SIPC. Douglas C. Robinson, Registered Representative. RCM Robinson Capital Management LLC and Securities America, Inc. are separate and unaffiliated.

 
RCM Robinson Capital Management LLC, Securities America, Inc, 27 Reed Boulevard, Mill Valley, CA 94941

(phone) 415-771-9421       (fax) 415-762-1980