jpfs_growth_diversified_featured

Growth Diversified Strategy (GDS): June 2024 Performance

16 Jul 2024/Peter Kristensen

JP Fund Services’ flagship investment portfolio, Growth Diversified Strategy (GDS), achieved a net result of -1.109% for June 2024.

So far in 2024, the net result for GDS is +7.86%, and an average net monthly yield of +1.31% and an annual net aim yield of approx.+15.72%.

July 2023 – June 2024
Total: 17.11% Net
Sharpe Ratio: Approx. 3.73
Sortino: Approx. 15.49

Performance never goes one way, and the month of June was our first drawdown in 14 months with -1.109%.

June 2024: Performance by Asset Class

gds_06_2024_performance_001

GDS vs Indices Since Inception

gds_06_2024_performance_02
Everything is about risk management; 4 out of 6 asset classes had a drawdown or zero performance and 2 showed minor profits. Even though this drawdown was only -1.109%, and drawdowns are never pleasant we’re actually proud to say this is our third biggest drawdown since inception (the biggest drawdown was in December 2021 at -1.23%).

Digital Assets

Digital Assets had the biggest impact with a -1.37% fall in June. We still believe this asset class will contribute to an overall positive performance going forward - it is the most volatile asset class in the portfolio, which is why the allocation is only 4.5%.

Allocation Changes

The risk team have made a few re allocation changes to asset classes for the month of July, decreasing holdings in bonds, increasing FX, commodities, and Futures/Indices exposure. We believe that volatility will increase during the second half of 2024 and with the diversification baked into the portfolio, this should create more alpha.

We remain true to our allocation strategy in alternative strategies. Even when the stock market maintains this positive trend, we hope this strong stock market continues for all but as we all know suddenly corrections will happen as they always do (see chart below).

gds_06_2024_image_03

If you have any questions or would like to hear more about our unique setup, please do not hesitate to reach out.

You will also soon be able to follow GDS portfolio on Barclay Hedge and Eureka hedge platforms. More on that soon.

Best Wishes,
The JPFS Investment Team

Connect with JP Fund Services

Follow us for the latest news & insights

Share this post