1st half 2022 performance

A little early, due to the holidays, here is the report for this first half of 2022.

While the market (Swiss Performance Index) is showing -17% to date since the beginning of the year, THE wallet determinant held up relatively well, with -3%. However, I had thought I could do better, that is to say at least a positive result. Given the macroeconomic and financial conditions (overvalued markets in decline since the beginning of the year, inflation, rising rates and war), we will have to be satisfied with this 14% outperformance compared to the market.

Part of the explanation for this relatively good performance of the PF comes from the explosion in the prices of the raw materials in which it was invested, either via the DBC ETF or via securities of companies active in this field. In addition, many other values have also performed relatively well, at least compared to the market as a whole, such as gold and a certain number of microcaps.

Have a nice summer everyone!