August 07, 2014 BY Matt Paschke
The Select Industries Portfolio
Select Industries gross composite lost 2.7% in July and is up 8.0% YTD. Our average Attractive group was down 3.1% in July and is +4.3% YTD, ahead of the simple average of our group universe which is up 3.2% for the year but lagging the S&P 500. The S&P 500 lost 1.4% in July and is up 5.7% YTD.
Group Changes: Drug Retail fell to Neutral and was deactivated after being held for two years and produced close to 100% returns. We added to Integrated Oil & Gas and Semiconductors which were initiated last month.