Performance Review – Week of 22 June 2007
Update: Corrected for previously uncovered corporate actions.
The Watch Lists, which will all get their quarterly revisions on Friday, all bested their benchmarks last week. The Small Cap Watch List lost 1.11%, which was enough to edge out the benchmarks of -1.58% for the Russell 2000 and -1.71% for the S&P 600. Since inception the Watch List is running about even with those peers.
The Mid Cap Watch List lost 2.7%, 0.97%, worse better than the 1.71% loss on the S&P Midcap 400. A corporate action (2-1 split for SEIC) had initially distorted the small cap performance, so this may also have happened in midcap – but if it did I haven’t yet figured out where.
Same with the Large Cap Watch List, which is currently showing a loss of 3.42% 1.73% for the week against just a larger 1.98% loss for the S&P 500.
In general the Watch List performance was disappointing this last quarter. Hopefully the shake-up on Friday will lead to better names.
