September was a good month to illustrate how arbitrary start- and end dates may obscure much of what occurred. European and Emerging Market equities fell 3-5% but recovered just in time for a nearly unchanged September evaluation. A notable observation is the increasing outperformance of American over European equities. Therefore, for long-term investments it is important to evaluate cumulative longer-term performance.
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 September stats we have updated our comparison aggregating the last three months (July – September).