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Growth Diversified Strategy (GDS): May 2024 Performance

JP Fund Services’ flagship investment portfolio, Growth Diversified Strategy (GDS), achieved a net result of +1.5455% for May 2024, which is in line with the performance goal for the portfolio of +15-20% net per annum.

 

So far in 2024, the non-compounded net result for GDS is +9.03%, and an average net monthly yield of +1.8% and an annual net yield of +18.5%.

June 2023 – May 2024
Total: 18.82% Net
Sharpe Ratio: Approx. 3.96
Sortino: Approx. 18.16

May 2024: Performance by Asset Class

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GDS vs Indices Since Inception

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Digital Assets

GDS solely invests in alternative strategies, no long-only traditional equities strategies. During April 2024, GDS increased its allocation to digital assets by 1%. We are still bullish on the digital asset market and have thus increased our allocation from 3.5% to 4.5% in total. With the launch of the new ETH ETFs, we expect to see a new potential bull run during the second half of 2024.

Allocation Changes

There were minor allocation changes from April to May, as only one asset class did not perform positively, commodities yielding -0.066%. However, all other asset classes had a positive month where FX was the biggest contributor to the portfolio’s performance.

Interest-Rates

Due to the potential interest-rate cuts in Europe and potentially in the US too, we are looking at reducing exposure to this asset class in the near future, even though GDS only currently contains short-term alternative bonds.

If you would like to hear more about our Growth Diversified Strategy portfolio, please reach out to arrange a call to discuss your questions about our portfolios, asset allocation, or DDQs about JP Fund Services.

Best Wishes,
The JPFS Investment Team

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