The Sleepy Portfolio had a very good quarter, increasing about 4% over Q1. Asset classes that are working very well are Canadian, emerging markets and US mid-cap equities, REITs and bonds. Other asset classes are treading water, as can be seen in the table below:

My personal portfolio is up 4.3% over the same period, which is surprising considering that I am currently overweight in US large-cap equities and underweight in emerging markets, REITs and have no bonds. Over the last quarter, I bought AIG, Bell Canada Enterprises and AGF Management. I also sold my entire position in Sears Canada. Year-to-date, my portfolio is up 7.74% compared to the Sleepy Portfolio’s 4.7%.