Our foreign exchange portfolio, Multi-Diversified FX (MDFX), achieved a net result of +0.886% for November 2024.

So far in 2024, the net result for MDFX is +7.09%, with an average net monthly yield of +0.644% and an annual net avg. yield of +19.22%.

Although our portfolio put in a reasonable profit for the month, in accordance with our risk management practices, we decided to remove certain programs from our portfolio, and will be replacing them in the New Year. This adjustment adversely affected our monthly return.

MDFX Vs S&P500 - Since Inception

Portfolio Strategies

The Multi-Diversified FX portfolio contains 9 different foreign exchange strategies divided between Systematic, Quant, Algo and Break-Out strategies.

Currently, the portfolio is only 90% invested, but our team has already approved other strategies which will be added in the New Year.

MDFX Contribution per Strategy the Last 12 Months

Strategy

JPFS has recognised the need to reshuffle this portfolio in order to return to the higher yields which we have enjoyed over recent years. We are not disappointed with the positive return for this year, but our risk management team has been very busy, and we expect to see a better performance in 2025, when the new programs that we have been tracking are added to the MDFX Portfolio.

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

MDFX in More Detail