US High-Quality Strategy: Tailwinds Are Picking Up

The US High Quality (USHQ) portfolio slightly underperformed in February, returning -0.7%, whilst its SPY benchmark returned -0.6%. While we continue to monitor the portfolio monthly, over a quarter-on-quarter basis, USHQ posted meaningful outperformance vs. benchmark, generating +130bps of excess return, while also exhibiting lower volatility and drawdown.