During fourth quarter of 2017, the Saratoga Advantage Trust International Equity Portfolio posted positive performance. Stock selection within the Energy sector was the largest contributor to quarterly performance. Likewise, stock selection and a relative overweight in India contributed to performance as Indian equities posted a solid month driven by the government’s announcement of 2.1 trillion recapitalization package for state owned banks. Stock selection within European Financials was the largest detractor from quarterly performance as the Portfolio’s Italian bank exposure faced headwinds. Additionally, the Portfolio’s UK Healthcare exposure also challenged performance. We remain steadfast in the belief that undervalued stocks with an above average dividend yield and strong internal fundamental catalysts will deliver superior long-term performance.
Information contained herein was obtained from recognized statistical services and other sources believed to be reliable and we therefore cannot make any representation as to its completeness or accuracy. Any statements not of a factual nature constitute opinions which are subject to change without notice.
Investors should carefully consider the investment objectives, risks, charges and expenses of the Saratoga Advantage Trust mutual funds. This and other important information about the Saratoga Advantage Trust's funds is contained in the prospectus, which can be obtained by clicking here, or by calling (800) 807-FUND, and which should be read carefully before investing. The Saratoga Advantage Trust's funds are distributed by Northern Lights Distributors, LLC, member FINRA/SIPC. Saratoga Capital Management, LLC is not affiliated with Northern Lights Distributors, LLC. 1/16 © Saratoga Capital Management, LLC; All Rights Reserved.