By David Schassler, Portfolio Manager and Head of Portfolio and Quantitative Investment Solutions, VanEck
VanEck NDR Managed Allocation Fund (NDRMX) tactically adjusts its asset class exposures each month across global stocks, U.S. fixed income and cash. It utilizes an objective, data-driven process driven by macroeconomic, fundamental, and technical indicators developed by Ned Davis Research (NDR). The Fund invests based on the weight-of-the-evidence of its objective indicators, removing human emotion and decision making from the investment process. The expanded PDF version of this commentary can be downloaded here.
The VanEck NDR Managed Allocation Fund (the “Fund”) returned -2.58% in September versus -1.91% for its blended 60/40 benchmark.
Investors’ appetite for risk assets changed in September due to fears of an increase in the spread of COVID-19 infections, uncertainties