MODEL 1: US Equity (from Euro Govt 1-3years)
MODEL 2: US Equity (from Treasury 7-10y)
MODEL 3: confirmed 50% Euro Govt 15-30 and 50% Treasury 7-10y.
MODEL BETA 3.2: 34% Euro Govt 15-30, 33% Treasury 7-10y and 33% US Equity (not real yet, just backtesting and studying)
Because these are un-hedged positions, the portfolio has an high $ exposure.
the portfolios shifts heavily into the stock markets, Model 1 allocated 100% on equity for the first time since 2005!
These are the results for February and Year to date.
Except Model 1, all other models had negative performance in February.
Because of very high January returns, portfolios are positive year to date.
Have a nice week
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