Summary
- DSTL is a value and quality-centered ETF with an impressive track record. It had beat IVV every year since its inception in 2018; its 2022 loss has been less steep.
- DSTL portfolio has been rebalanced a few times since my January note, and an update is overdue.
- DSTL remains an interesting option for quality, risk-adjusted returns-focused investors, yet with due attention paid to risks, namely valuation.
- With U.S. August inflation data surprising to the upside, investors should remain exceptionally vigilant and do not ignore valuations.
For further details see:
DSTL: A Second Look At The Outperformer And Its Risks