Our Duties and Responsibilities

The path to Financial Success and Peace of Mind starts here.  

Exeter Trust is responsible for:

  • Monitoring national and international economic trends and conditions;
  • Developing model portfolios which reflect our current thinking on asset allocation across a range of investment objectives from fixed income to more aggressive growth;
  • Maintaining a "buy list" of stocks, bonds, and mutual funds; and
  • Investigating new investment opportunities

A wide range of research materials is used in determining which securities are bought, held, or sold.  We also takes advantage of the opportunities to review the performance of mutual funds directly with their managers and the performance of stocks with their corporate officers.  

Our Investment Approach

Client portfolios are designed to meet each client's individual investment and financial goals over a long-term investment horizon while minimizing risk.

The Role of Stocks in Client Portfolios - Exeter Trust believes that stocks are appropriate for those client portfolios with a long-term objective (a time frame of at least five years).  For shorter periods, stocks are too volatile with too much price fluctuation.  But in the long-term, stocks are no more volatile than US treasury bonds and historically have provided investors a higher return.  Exeter Trust recommends the purchase of individual stocks of large companies which are headquartered in the United States.  We believe that a blend of growth and value stocks, diversified among leading economic sectors, can result in the strongest, most consistent mix of appreciation and dividends year after year.  These stocks consist primarily of large cap, well-managed US companies which possess records of consistent, strong earnings and leadership in their respective economic sectors - especially communication, technology, pharmaceuticals, financial services, and manufacturing.

The Role of Index Funds in Client Portfolios - For many portfolios, we believe that the purchase of an S&P 500 index fund and a NASDAQ index fund is appropriate.  Investment in an index fund provides diversification and reduces volatility.  The annual charge assessed by such index funds is minimal compared to a mutual fund charge.

When We Buy A Stock - Exeter Trust strives to purchase stock in those US companies which have demonstrated consistent earnings growth, outstanding management, leadership in their particular sectors, and, most important of all, the ability to sustain strong performance in the years ahead.

When We Sell A Stock - Our decision to purchase the stock of a company is reached only after thorough and careful consideration.  Exeter Trust decides to sell a stock only if something significant has happened to the company to change our earlier assessment - e.g. company management has lost focus, strong competition has entered its market niche, a key product has failed, or a patent is lost.

Trying to Time the Market -  Market timing - buying or selling stocks in anticipation of the market's next move - is a fool's errand.  Market timing and similar computer-generated trading gambits are inconsistent with Exeter Trust's strategy of selecting well-managed, quality companies for long-term investment.