Determinant portfolio: situation as of 01.03.2024

THE determining portfolio has had a simply incredible performance this past month. All strategies have outperformed the Swiss market, some even leaving it far behind.

Monthly performance in CHF

In detail, here is the performance of the PF, of each of its strategies and of its benchmark index, the MSCI Switzerland:

Determinant portfolio	5.8%
Quality Value Momentum	8.7%
Blue Chips	3.0%
Trading Auto Signal	6.8%
Tactical Asset Allocation	16.1%
MSCI Switzerland	1.2%

Portfolio performance is all the more remarkable since the cash share fluctuated between 5 and 23%. The decline in the Swiss franc has obviously helped, with a drop of 2.7% against the dollar. While last year we were pedaling into the wind, this year it is blowing at our backs, making the journey so much easier and more enjoyable.

The QVM strategy continues its fine escape, at a very sustained pace. Some stocks are showing amazing performances.

There Blue Chips Strategy is the weakest of the four, but it is not so much its fault, since it shows a very nice performance over one month, substantially better even than the Swiss market. It is just that the other three have been dazzling.

THE Trading Auto Signal did very well: by being invested for less than half of the month, it not only significantly outperformed the Swiss index, but it even did almost as well as its benchmark index (the S&P 500), with obviously much lower risk.

Last but not least, the TAA strategy has put everyone in agreement with an indecent result, thanks to the stratospheric flight of cryptos, also supported by a good performance of gold.

Year-to-date performance in CHF

This gives us a performance in CHF since the beginning of the year of 8.1% for the determining PFThis is a superb result in just two months, which leaves the Swiss market far behind.

It should also be noted that volatility continues to be kept perfectly under control, with figures that are more reminiscent of government bonds than stocks. This allows us to benefit from a much better Sharpe ratio than the market (which measures profitability in relation to risks). In other words, With equal risk, the PF still performed better than the market.

Determinant portfolio and MSCI Switzerland index since the beginning of the year (performance in CHF)

Performance since 2010 in CHF

Since its launch in 2010, The portfolio still maintains a slight lead over the Swiss market (7.4% annual average against 6.5%).

MSCI Switzerland portfolio and index since 2010 (performance in CHF)

Portfolio Update

The determining portfolio will be updated between March 1st and 2nd in the members section.