Page 20 - ASSET MANAGER 9 (EN)

20 • MULTI-MANAGER STRATEGY
MULTI-MANAGER STRATEGY
-0.37 % UNTIL THE END OF Q3 2018
On the 31st of December, 2016 the multi-manager strategy with a capital of CHF 500,000 was launched. The multi-manager strategy consists of eight strategies from different financial experts.
Author: INVESTORY AG
INVESTORY's multi-manager strategy has developed excellently in the current year.
Between 11 May 2018 and 1 September 2018, all strate- gies were involuntarily interrupted. This interruption (GAP) is due to an incident with the former custodian bank and has subsequently resulted in INVESTORY now working to- gether with a new bank.
Blue = five core strategies in EUR and CHF Orange = three theme strategies in USD and CAD
Unfortunately, the evaluation of the individual strategies during the interruption (GAP) is not possible without gaps and is omitted. All positions were closed out and trans- ferred on 11 May 2018. Fixed assets were reinvested on September 1, 2018. For this reason, the development of the portfolios also corresponds to the development shown here in ASSET MANAGER .
The timing for this interruption (GAP) was favourable. The most important stock markets lost in this period, the Euro Stoxx 50 -4.77%, the DAX -4.76%, the SMI -0.21%. The broader SPI Total Return Index increased slightly by 0.16%. In order to better compare the development of the
multi-manager strategy with the share index, the perfor- mance is shown in the overview on page 22 once with GAP and once without.
The five core strategies (blue) have not changed since the last publication in ASSET MANAGER. The core strategies (best Sharpe ratio) make up approximately 73% of the portfolio.
The theme strategies (orange and yellow) have changed as follows. On September 1, 2018, the growth strategy
Growth-US 7.7%
Digital Transformation US 10.6%
Analyst-EU 12.7%
Trading TSO-CH 21.6%
Value-Growth Strategie 11.4%
3D-Technologie USD 8.7%
Swiss Momentum-CH 11.3%
Dividend-EU 15.9%
"ACTIVE MANAGEMENT BETTER THAN PASSIVE INDEX."
Source: INVESTORY AG