The month of May, was a very volatile month. The Enhanced Permanent Portfolio reference added 2.68%, while the World market (ACWI) was up 0.45% and the US S&P500 (SPY) up by 0.23%. Europe (VGK) added 2.41% however 2% of this performance was due to the strong Euro. Draw-downs of the Enhanced Permanent Portfolio have been less than half of the Equity market draw-downs.
Your Rational Invest Team
Walter Baumann / Frank Grossmann / Thomas Ritter
Tel +41 79 306 11 60 / Email