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He used the money to raise the stake in health care companies to nearly 30percentt of the portfolio, up from the midteens.
Junk bonds account for 14percentt of the portfolio, up from a typical level of 10percentt but still below the 20percentt permitted in the fund's charter.
Yet nothing can really match the spine-tingling thrill of the Auld Grey Toon of St Andrews, with the stunning new Castle Course bringing the St Andrews Links Trust (01334 466666; standrews.org.uk) portfolio up to seven courses.
Special Offer: Is your portfolio up 113% in the past two years?
At the end of December, variable-rate loans represented 43% of the portfolio, up from 30% at the end of September and just 7% one year earlier.
Petroleum Development Corp. : Another oil-related stock that has surged since joining my Piotroski portfolio (up about 40% since March), this oil and natural gas firm owns about 4,700 gross wells in the Rocky Mountain region, Appalachian Basin and Michigan Basin.
Similar(46)
Still, the rally has continued, taking fund portfolios up with it.
In June, for example, foreign equities accounted for 24% of German mutual funds' portfolios, up from 12% at the end of 1997 and 19% at the end of 1998, according to Salomon Smith Barney.
Vanguard's three Managed Payout funds are also designed to let retirees withdraw a fixed amount from their portfolios — up to 7percentt — in monthly installments.
The sector now makes up 10.7% of M100 portfolios, up from a low of 7.3% in August 2006.
(Until 2009, he says his model portfolio was up 700 percent).
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