Monthly Performance Report January 2021
2021kickstarted in lackluster territory following a record 2020 with stocks and bonds, S&P 500 and Bloomberg Barclays US Aggregate, respectively returning -1.01% and -0.72%. A closer examination points to large-cap stocks giving back some of the recent gains and longer-dated Treasuries selling off as yield spreads widened along the yield curve. However, the headline to start the year is categorically smaller cap stocks finally break free after years of disappointment gaining a positive return of 5% outperforming large-cap stocks by 6%. We are pleased to report a majority of Sowell’s main strategies and series outperformed, and in select cases posted positive returns, relative to the S&P 500 and Bloomberg Barclays US Aggregate losses attributed to our strategic positioning.
Pushing to Put Investors First
For Bill Sowell, “fiduciary” is more than a word, even more than a duty.
It’s his business philosophy. As CEO of Sowell Management, a registered investment adviser in North Little Rock, he embraces a legal obligation to put clients’ financial interests first. And he’s frustrated that the requirement doesn’t apply to everyone across the investing industry.
Sowell Management Local Hidden Treasure
As financial
headquarters
Management’s
nothing to sneeze at, is far from a towering glass-and-steel edifice befitting Gordon Gekko of Wall Street fame. Tucked into an office park just yonder of Maumelle, the single-story building is custom-built but to a passerby might serve one of a thousand utilitarian purposes. Inside, the open, functional space seats its occupants comfortably if not lavishly, right down to senior management offices. Family photos dot desks and scenes from Arkansas’ outdoors hang on the wall.