THE determining portfolio clôture ce mois d'août à pile-poile 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%).
Même si elle est montée quelque peu, la volatility continue à être maintenue sous contrôle. Ceci permet de bénéficier d'un bien meilleur ratio Sharpe que le marché (qui mesure la rentabilité par rapport aux risques). Autrement dit, 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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