The month of October 2021 was an extremely good month for world stock markets. A surprise was also the good performance of our defensive hedging assets Treasuries and Gold. All together, the Enhanced Permanent Portfolio reference account added +4.6% while the ACWI was up +5.4% and Europe up +4.55%. Defensive Treasuries were up +2.47% and Gold up +1.48%. The Sharpe Ratio (risk adjusted performance) topped 10 for this month which is an extremely occasion. It means that also market volatility was very low for the month of October.
Your Rational Invest Team
Walter Baumann / Frank Grossmann / Thomas Ritter
Tel +41 79 306 11 60 / Email