London, Londo United Kingdom (PressExposure) June 13, 2009 -- In a follow up interview with Financial Regulatory Adviser, released today, Scottsdale Futures and Options Limited manager discusses recent changes to his portfolio and his reaction to recent market events.
Since its selection as Financial Regulatory Adviser's Best Fund for Second Quarter 2009, Jonathan Sparks' Scottsdale Futures and Options Limited have continued to beat the S&P 500. While Frank's based mutual fund has grown dramatically, his methodology has remained consistent, and he continues to attribute his success to both the transparency of Scottsdale and the fundamental oversight that a mutual fund provides.
Q: How have recent market conditions, including the March rally, impacted the composition of your portfolio?
A: Scottsdale's revised portfolio is designed to react to market movement, so several of my positions have changed along with the market in recent weeks. My model led me to trim my exposure to fixed income, and while I dropped the Ultra Bond 20+ Year Treasury Fund in March, I began buying shares again on April 14. At the beginning of the March rally, I added large-value to the fund but have since moved to small cap growth
Q: Will the size of the fund impact your investment decisions?
Short answer: no. One of the most important benefits that Scottsdale's revised portfolio continues to bring investors is a fundamental filter for the increasingly large pool of products. Over time my fundamental work has eliminated thinly traded or poorly managed from my rankings. My fund structure allows me to easily add or drop as my rankings change. This flexibility has actually allowed me to add a little more diversification to the fund.
Q: Have any Scottsdale's revised portfolio made unexpected moves in your rankings?
A: While value Scottsdale's revised portfolio had a pop in mid March due to their large percentage of financial services, small cap have recently advanced in my rankings. I currently own VB, VBK, and UWM. ITA has also been climbing in my rankings, and I'm slowly accumulating shares. iShares MSCI Hong Kong Index has also moved up my rankings quickly, and we're experiencing nice gains in that fund.