EnLink Midstream Added to the SMA Portfolio

By on October 7, 2019

EnLink MidstreamEnLink Midstream, LLC (ENLC) was added to the SMA Portfolio today at a price of $7.65. ENLC represents approximately 0.5% of the portfolio. Midstream assets have been out of favor this year and appear to be relative bargains with generous yields.

Value stocks relative to growth have been dismal relative performers. This cycle has led investors to crowd into the more popular companies. This is similar to what occurred in 1998-2000 timeframe.

Disclaimer: It is very challenging to outperform a buy and hold strategy. Historically, investors have found themselves well-served over the long-term by investing regularly in a diversified portfolio of stocks or low cost, broadly diversified indexed stock funds. Information presented is based on analysis of past data and assessments by the Tactical Timing System model. Future performance may not reflect past performance. Profitable trades are not guaranteed. No system or methodology ensures stock market profits. Although accuracy is strived for, no guarantee is made regarding the accuracy of data presented.

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