The year ended in the red almost across the board for equity markets. Divergence between US and other markets reversed slightly at the end of the year as a government shutdown and policy stalemate loomed. Global growth forecasts become increasingly less bullish but overall investor confidence and economic expectations remain positive. The synchronous market movements mean that it was a difficult year for active market management as asset allocation played a lesser role than risk management.
Persephone provides an update on the performance of portfolios managed by its platform robotIQ. Since July, these portfolios, which follow a target risk approach and range from 5-25% annual Value at Risk, are compared to other robo advice offerings which are benchmarked by brokervergeich.de [1-3].
Based on Brokervergleich’s December stats we have updated our comparison aggregating the last six months (July – December) .