Portfolio Review: 03.31
Portfolio return and asset allocation modifications
Hello guys,
Welcome back to all of you! I hope you are fine!
Let’s see how the two model portfolios are going and if a change to the asset allocation is needed.
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The first quarter of the year has been really tough for markets, and definetely not easy for investors, that had to face deep losses on both bonds and equity.
Anyway in the last days there have been few good news (especially from the negotiations between Russia and Ukraine) and stocks had a decent rebound almost everywhere.
Both portfolios (Balanced and Pure stocks) recovered most of the losses and now their return since inception is close to zero (and it is definitely a good result).
BALANCED PORTFOLIO
First let’s give a look to the performance of the portfolio.
The first half of March has been definitely bad for equities, in U.S., Europe, and even in China. But after the Fed meeting (and the first rate hike) and after some promising opening in the negotiations between Russia and Ukraine, equity indices reacted very well.
Moreover the Chinese government decided to be more supportive for Chinese companies listed on Chinese exchanges, and even on US exchanges (ADRs). The reaction of the index has been furious and positive. Stocks like Alibaba, JD and Baidu gained more than 25% in the last two weeks, and still they have lot of room to gain more.