Allocations for November 2016 have been updated.
Portfolio performances for October 2016:
- Permanent Portfolio: -2.48%
- Momentum Portfolio: -3,10%
- Alternative Portfolio (Singularis CTA Program): +4.85%
The NLX Portfolio for the month: -0.37%
October saw broad losses across the long only allocations PP and MP. Most asset classes were heavily down for the month, notably US real estate (VNQ, -7.64), long-term US Treasuries (TLT, -5.0%) and gold (GLD, -3.39%).
As the previous months, the Alternative Portfolio shows a strong performance (SINGULARIS, +4.85%), able to sustain losses of the two other Portfolios.
One more time, the Alternative Portfolio (CTA strategy SINGULARIS), shows the benefit of being uncorrelated with traditional assets (stock, bond, gold, cash).
SINGULARIS Program Correlations (09/2009 – 12/2015) :
This is the 3rd month in a raw that shows losses on long-only portfolios, but also the fourth month in a raw that shows good performance on the Alternative Portfolio.
Thus overall, the global portfolio (NLX Portfolio) remains stable and maintains profit accumulated so far for 2016 (+15.44%).