PrimeETF Portfolio Update - November 2024
Sriram Balasubramanian (Sriram Balu)
Head of Sales & Strategy - Maritime | Building "ONE" | Building "Prime ETF"
Happy Diwali & Halloween, investors!
Let’s jump onto the PrimeETF portfolio performance.
Performance Overview:
For October, the PrimeETF Portfolio performed solidly, showing resilience despite market fluctuations due to the ongoing U.S. election season.
Here’s how each time fared:
? 1-Day: -1.99%
? 1-Week: -1.35%
? 1-Month: +0.62%
? 3-Months: +8.79%
? Total (since inception): +6.85%
Monthly Performance:
Comparison Since Inception
Since its inception, the Prime ETF Portfolio has outpaced the S&P 500, highlighting its ability to deliver steady growth with lower drawdowns.
? Prime ETF Portfolio Cumulative Performance: +6.85%
? S&P 500 Cumulative Performance: +4.49%, and NASDAQ 100 is at +0.99%
Performance Analysis:
? July 2024: The portfolio experienced a minor dip, similar to the S&P 500, but managed to limit losses better than the broader market.
? August 2024: A robust recovery month, driven by growth stocks and gold gains, resulting in a 3.4% gain.
? September 2024: Continued growth as both the portfolio and the S&P 500 posted positive returns, with the portfolio outperforming again.
? October 2024: Despite election-related volatility, the portfolio achieved a modest gain of 0.62%, maintaining its edge over the S&P 500.
The Prime ETF Portfolio’s diversified approach, blending growth stocks, gold, and real estate, has provided more stability than the S&P 500 over this period.
Asset Allocation:
The portfolio currently holds three critical assets:
1. IAU (Gold): +16.25%
2. VUG (Growth Stocks): +1.16%
3. VNQ (Real Estate): -0.42%
Gold (IAU) has been a strong performer, acting as a buffer against market volatility, while growth stocks (VUG) and real estate (VNQ) offer long-term growth potential.
Market Volatility and News:
This month, market volatility was primarily influenced by the upcoming U.S. elections. As investors reacted cautiously, stock prices fluctuated. However, our diversified portfolio remains well-positioned to handle such market fluctuations.
Next Month Rebalance:
No changes are planned for the upcoming rebalance for November 2024. IAU, VUG, and VNQ remain top-performing assets and will remain in the portfolio.
Disclosure and Disclaimer:
This portfolio update is for informational purposes only. Past performance is not indicative of future results. Investments involve risks, including the potential loss of principal. This is not financial advice; please consult a professional for personalized investment guidance.