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Multi-Diversified FX (MDFX): May 2024 Performance

Our dedicated foreign exchange portfolio, Multi-Diversified FX (MDFX), achieved a net result of +1.3765% 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 net result for MDFX is +4.73%, and an average net monthly yield of +0.946% and an annual net yield of +20%.

MDFX vs S&P500 - Since Inception

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Portfolio Strategies

The Multi-Diversified FX portfolio contains 10 different strategies divided between Systematic, Quant, Algo and Break-Out strategies. Since the beginning of 2024, the portfolio has gone from 96% invested to 99% invested and will soon be 100% invested with 1 more strategy being onboarded.
As mentioned in the March performance update, we still expect a potentially volatile FX market during 2024, which should present further opportunities for creating alpha.

New Strategies

JPFS has been tracking several new strategies recently, which, upon approval from the Risk and Investment team, will be added to the MDFX portfolio. Our goal is to have between 15 and 17 diversified strategies included in the portfolio by the end of 2024.

MDFX aims to be a combined FX portfolio that diversifies investor risk on a month-to-month basis, with a controlled approach to risk management to avoid large monthly drawdowns.

If you would like to hear more about our Multi-Diversified FX 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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