On September 7 last year was born the bond portfolio, the performance after one year was 3.35% net of taxes and trading costs assumed at 10 € for each title.
So the goal of greater than 3% (ECB rate + 2%) occurred and we believe that we met, it is clear that with hindsight it might lengthen the duration, in which case the performance would be significantly higher but we do not repent of this.
hope for next year to repeat the performance, risk rates slightly on the side, expecting rewards from structured notes, there are also two in Forex Linked (in the future we will explain the concept).
Day 1 has instead turned 6 months the special portfolio with a good performance, ie 2.37% (4.74% on an annual basis under a simple capitalization) also net of taxes and the cost of trading.
This portfolio is currently composed of 29 titles, of which 5 are in denominations of € 50,000 (remember those bonds that make more than the equivalent of 1000 €), 9 in foreign currency, high yield 3, tier 2 subordinated bonds that make more than 5%, a convertible bond, other structured, with only 2 bonds are common to the two portfolios, while the duration is rather low.
So we feel very diverse with lots of investment ideas.
remember that past performance does not apply to the future and that we can not predict performance.
To learn more about portfolios mercatoliberobond@gmail.com
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