WEEK that was
Market is in a buoyant mood bouncing in double digits last month. IT sector showed a lot of resilience. We are still not out of the woods as S&P 500 is still below its 200-day moving average and Nifty would still make a lower high if it reverses from here.
Here is a weekly update on our strategies.
MWM gained around 1.66% this week to close at 231.41% total returns. Our Overall outperformance to benchmarks is at 145.67%. The current Drawdown stands at -20.97%. We have averaged 24.81% CAGR since April 2017.
This week will have 5 Entries and No exits in MWM.
These are challenging times for Momentum and there is Nothing New happening!!. To understand how Momentum Investing works in the long run and how drawdowns are part of the game, please spare some time and watch this in-depth conversation
Mystic Wealth value gained 2.91% this week. Our Overall return stands at 136.32% since inception which is 17.25% CAGR. We have 13% in cash. Strategy outperformance to benchmarks stands at 50.59%. Over the last 3 years, MWV has clocked 25% CAGR making it one of the best options in the industry!!
This week will have NO Changes.
MWV is run by Dayanand Deshpande who is considered an authority on Special situation Investing in India. Over the years, Demergers and management change as a theme has generated amazing wealth for our long-term clients.
To know more about the underlying philosophy at MysticWealth Value (MWV). Please watch this detailed webinar
MMG has had a baptism with fire as markets corrected soon after its launch. It has recovered well and the Current drawdown is at a -3.92%, underperforming the benchmark by -4.93%. This is a new smallcase with 70/30 Equity-Gold allocation. Data for the Graphs is too less to make any sense.
Watch this video to understand the POWER of Asset Allocation in Momentum Investing.
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