Entries by Frank Grossmann

Newsletter end of August 2020

For the month of August 2020, the Enhanced Permanent Portfolio account returned net -0.54%. Gains in Equity got overcompensated by weakness of the US Dollar, and increasing volatility in fixed income, equity, and gold derivatives. For the coming month, we are maintaining the allocation and implementation method. Your Rational Invest TeamWalter Baumann / Frank Grossmann […]

Newsletter end of July 2020

For the month of July 2020, the Enhanced Permanent Portfolio account returned net 2.49%. The strategy succeeded in compensating for the significant weakness of the US-dollar, which would have reduced the performance of dollar-denominated products in the month under review, by means of partial hedges. The S&P 500 volatilities are still high at “25”. This […]

Newsletter end of June 2020

For the month of June 2020, the Enhanced Permanent Portfolio account returned net -0.73%. The reason for the slightly negative June performance was the massive near 5% rise in the value of the euro against the dollar. We mitigate the currency risk of the portfolio (instruments in dollars) to a certain extent, but not completely. […]

Newsletter end of May 2020

For the month of May 2020, the Enhanced Permanent Portfolio account returned net 2.57%. The Enhanced Permanent Portfolio is still heavily hedged with Treasuries and Gold to achieve the volatility target of 5% due to the negative correlation characteristics of these so-called “Safe Haven” assets. The QuantTrader software continues to recommend an underweight of equities […]

Newsletter end of April 2020

For the month of April 2020, the Enhanced Permanent Portfolio account returned net 6%.Throughout April, we maintained our basic strategy, keeping the equity component very low. Earnings are a result of the reduction in volatility (after the peak during the crash). The optimum allocation calculated by QuantTrader remains cautious in May, investing primarily in Gold […]

Newsletter end of March 2020

For the month of March 2020, the Enhanced Permanent Portfolio account returned net 4.06%. During the reporting period, we experienced the biggest market crash since 2008, with all equity markets plunging by around -30%. Unlike previous crises, so-called “safe haven” products Treasury and Gold also sold off massively over the period. Volatility exploded across all […]

Newsletter end of February 2020

For the month of February 2020, the Enhanced Permanent Portfolio account returned net 0.87% February was an exceptionally bad month for all stock markets worldwide. In the last trading week alone, all stock exchanges lost around 12% of their value. The potential economic implications of the coronavirus are causing worldwide uncertainty, if not to say […]

Newsletter end of January 2020

For the month of January 2020, the Enhanced Permanent Portfolio account returned net 0.07% This time it was the corona virus that caused volatility in the market. The portfolio performance was achieved with desired low volatility. Whilst we are retaining our investment strategy, we are changing the way it is implemented. To date, the portfolio […]