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 panic and overreaction. The bond markets in turn reached new highs, while gold initially performed well (as a save heaven asset), but last week also suffered a sensitive diver of over 4%.

Nevertheless, the portfolio closed with a very satisfactory positive return of 0.87%.
Our systems signal an increased risk that the equity markets could enter into a prolonged bearish phase. Accordingly, we cautiously positioned the portfolio for March.

Your Rational Invest Team
Walter Baumann / Frank Grossmann / Thomas Ritter
Tel +41 44 515 48 00 / Email