June Allocation

Another month passed with models that try to defend the gain accumulated since beginning year.
Model 3 is giving up something but is still very positive ytd.

Here we go with the June allocations that switch defensive on the first 2 models

MODEL 1 - € Government 1-3 years (Confirmed for the third consecutive month...it doesn't like volatility)

MODEL 2:  € Government 1-3 years (the model left the € HY allocation and go defensive for June. Last time it was defensive was October 2014)

MODEL 3: 50% Treasury 7-10 years - 50% Emerging Bonds $. Model lost money with inflation bonds in May, recovered something with HY. Now it takes  an high $ exposure.

Below you can see the monthly performance calculated using benchmarks

I built the extended version of model 3, now up to 23 assets.
In June I'll make a post on it.
Have a good month.