Key portfolio: situation at 01.08.2024

Due to vacation, I didn't give you a report last month on the performance of the determining portfolio. It must be said that not much happened in June. Now, I'm still half in disengagement mode, but since things are moving a lot more, and in the right direction, here is a very brief summary of the situation.

The determining portfolio closes this month of July with a pretty gain of 2.5%. This is in line with the expected profitability and even beyond. Despite the fall of the dollar against the CHF (-1.8%), the portfolio is almost on par with its benchmark index, the MSCI Switzerland (+2.7%). However, the American S&P 500 index performed very poorly in CHF, with a loss of 1.2%.

This gives us a performance in CHF since the beginning of the year of 13.7% for the determining PF, which thus continues to outstrip the Swiss market (+11.6%).

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 (7.8% annual average against 7.0%).

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

Portfolio Update

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