The World Allocation model portfolio has recently been updated. Changes to the model include as follows:

Buy MSCI EAFE Index EFA

     5.0% Initial Position

Buy MSCI EAFE Small Cap Index [[SCZ]]

     5.0% Initial Position 

Buy FTSE Developed Asia REITs [[IFAS]]

     5.0% Initial Position 

Buy COMEX Gold Trust IAU

     1.0% Position; 5.0% Total Allocation 

Sell S&P 500 Index IVV

     5.0% Position; 15.0% Total Allocation

Sell NAREIT Mortgage Index [[REM]]

     Entire Position

Sell Cash

     Entire Position

We have shifted the emphasis of our World Allocation portfolio to a more international posture. Non US markets, particularly Asia and Latin America, are better positioned for recovery. These markets also exhibit better technical characteristics than US markets. We have been underweight real estate in our portfolios and with the world central banks intent on reinflating the world economy, real estate and other hard assets should benefit. Asian real estate companies, in most cases, are trading at less than their asset values.   

For the complete list of holdings, or for the breakdown of the model portfolio’s asset allocation, as well as its track record, please refer to the World Allocation model page.