North American Portfolio – January 2026
High‑conviction exposure to U.S. and Canadian equities, designed to participate in upside while actively managing downside risk across market regimes. The portfolio targets companies enabling electrification, grid build‑out, clean power and AI‑infrastructure supply chains.
North American Portfolio — SMA Facts
| Attribute | Details |
|---|---|
| Name | Emit Capital North American Portfolio |
| Structure | Separately Managed Account (SMA) |
| Investor Type | Wholesale |
| Asset Class | Global Listed Equities |
| Regions | US, Canada |
| Strategy Inception | 31 July 2019 |
| Number of Holdings | 15–25 |
| Cash Range | 5–15% |
| Minimum Initial Investment | A$100,000 |
| Pricing | Daily |
| Prime Broker | Interactive Brokers (IBKR) |
SMA Summary
Strategy objective: Long‑only North American equities with active risk management overlay
Benchmark: MSCI ACWI NR (to Feb 2025) / S&P 500 thereafter
Currency exposure: AUD & USD reporting available
Risk management: Index hedging, options overlays, tactical cash
Suitable investors: Wholesale & sophisticated investors seeking long‑term capital growth
Positioning Notes
Built for an environment where electrification, grid build‑out and AI‑infrastructure capex can drive outsized winners — while rates, USD and liquidity can reprice risk quickly.
Risk: factor crowding / valuation compression in high‑quality growth; index drawdowns can dominate stock selection short‑term.
Opportunity: power + network bottlenecks and AI supply‑chain expansion support selective industrials, utilities and enablers.
Performance
North American Portfolio vs S&P 500
Returns
| Series | 1mth | 3mth | 6mth | 1yr | 2yr | 5yr | SI p.a | SI |
|---|---|---|---|---|---|---|---|---|
| North American Portfolio | 1.5% | -0.5% | 17.5% | 39.5% | 29.6% | 5.0% | 31.5% | 494.0% |
| Benchmark | -2.9% | -4.6% | 1.0% | 3.7% | 15.1% | 13.1% | 12.3% | 112.5% |
| Active return | 4.3% | 4.2% | 16.5% | 35.8% | 14.5% | -8.1% | 19.2% | 381.5% |