CJ Brott, who manages the Macro Plus Income portfolio on Covestor, told Investor’s Business Daily that while he’s positive on U.S. stocks for 2014, he still expects a correction in the 10% range sometime during the year.
Brott, founder and chairman of Capital Ideas Inc., said:
“To protect portfolios from that pullback, I sought an ETF focused on companies with solid fundamentals. Barron’s 400 (BFOR) … attempts to select only the ‘best of the best’ stocks while remaining broadly diversified.”
The portfolio manager explained the fund holds 400 equally weighted stocks, spread across at least five industries, and limits overall exposure in any one industry to 20%.
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