Mike Wilson timed his call correctly on XLU. Mike does good work. Our fixed income folks have always been pretty good on their calls, and they are looking for a year end 10 Year at 1.95%. So that supports the call.
In regards to AUEIX we have used the AQR institutional shares class in our models. My business partner, similar to yourself really enjoys the risk adjusted return analysis. The notion to flip exposure was my idea. The genesis of concentrated positions in some of the most over owned securities in funds GFFFX and MADVX. I did not want to get out of domestic equities but try not to replicate or over weight index security percentages. So about mid-January I asked my partner what fund would meet that general profile. It did not take much convincing it was the one I felt most comfortable with.
Thanks for noticing.