The determining portfolio closes this month of August on the dot 0%. We can almost consider ourselves lucky, given that during the month, it briefly melted by almost 9%. The fault lies in a fairly turbulent market, particularly in the USA, to which is added a dollar that collapsed against the Swiss franc (-4.1%). In these conditions, it is difficult to compare with the MSCI Switzerland (+0.9%). We will console ourselves by saying that we are doing better than the American S&P 500 index (-1.5% in CHF).
This gives us a performance in CHF since the beginning of the year of 13.6% for the determining PF, which thus continues to outstrip the Swiss market (+12.6%).
Even though it has increased somewhat, volatility continues to be kept under control. 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 (7.8% annual average against 7.1%).
MSCI Switzerland portfolio and index since 2010 (performance in CHF)
Portfolio Update
The determining portfolio will be updated on September 2nd in the members section, with some adjustments.
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