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OldAIMGuy

05/16/15 9:09 AM

#39542 RE: karw #39540

Hi K, Re: Graphic Images.................

They look great and tell a compelling story of success with prudence.

My overall composite history looks quite similar with the dip in 2011 along with the Equity/Cash shift to heavier equity positioning back then. Since then the cash has rebuilt in both total value and percentage.

Just this week I started to get some selling in ex-US large cap growth and ex-US mid cap value. Currency shift affected some of my ex-US regional and style based ETFs during the first quarter. Now it appears the pendulum is reverting toward the mean value.

Congratulations.