Determinant portfolio: situation as of 01.06.2024

The determining portfolio closes this month of April with a pretty gain of 2.8%. Even though it is doing less well than its benchmark index, the MSCI Switzerland (+7%), this is a very good result over one month, perfectly in line with the expected profitability, and even beyond. Clearly, there was a catch-up effect for the Swiss index, which had lagged considerably behind the PF in recent months. It was also helped in this sense by the strengthening of the Swiss franc against the dollar (+1.1%).

This gives us a performance in CHF since the beginning of the year of 11.6% for the determining PF. This is a very good result in just five months. Despite the rebound in the last month, the Swiss index is still behind the portfolio. All strategies are doing better than the market, except for the Blue Chips, which are currently lagging a little. The QVM strategy has rebounded strongly in the last month, catching up with the Trading Auto Signal and Tactical Asset Allocation.

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 (7.6% annual average against 6.9%).

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

Portfolio Update

The determining portfolio will be updated shortly in the members section.