2019 started in an odd predicament of mixed signals: The largest global economy experienced a partial government shutdown throughout January and the FED adjusted its expected future interest path downward (number and timing of expected future rate hikes) due to slowed economic dynamism. This was juxtaposed with a swift global stock market rebound that suggests regained confidence and renewed US outperformance.
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].
A comparison of January 2019 on a standalone basis shows a strong performance of Persephone’s portfolios. Our portfolios of comparable risk levels (indicated in Persephone red) are among the best performing with a remarkable monthly gain above 5% for risk levels above VaR 16%.