I’ve been levered multi factor global equities since 2020. Now I am transitioning to a permanent portfolio. Based in EU, but invest mainly in US ETFs. Portfolio:
25% ALLW 25% AVUV 25% AVDV 25% AVES 10% AQR Apex (EU resident)
The exposure breakdown is ~ 85/25/10/10, (equities, bonds, commodities/gold, hedge fund diversification) so 130%. Of which 10% is margin funded. The rest is embedded leverage in ALLW.
I don’t parse the AQR fund because it moves and changes. Expect <0.3 correlations vs everything else long term.
Purpose is long term growth and better sharpe.