Determinant portfolio: situation as of 01.10.2024

The determining portfolio closes this month of September on a nice performance of +1.2%. The portfolio thus cheerfully beats its benchmark index, the MSCI Switzerland, which fell by -1.7%. This result is remarkable, especially since during the same period, the dollar has melted again against the CHF (-0.5%).

This gives us a performance in CHF since the beginning of the year of 14.8% for the determining PF, which is distancing itself from the Swiss market (+10.1%).

Volatility continues to be kept under control. The portfolio thus benefits from a 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. You will see in the table below that the volatility of the MSCI Switerland has been corrected downwards since last month. It was indeed overestimated due to a typo found in the raw data that I am using.

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 shortly in the members section.