TOP WIKIFOLIO TRADE
Measures in easing the Covid-19 lockdowns and signs of economic recovery saw risk appetite return rapidly in Q2, supporting especially equity markets in the US and Emerging Markets. Year-to-date the accumulated returns were “+6.3% for the Alchemy Top Ten (EUR)”, “-3.52% for S&P 500 (EUR)” and “-7.0% for the Dax”. The Alchemy Top Ten (EUR) portfolio advanced by 12.4% for Q2 20 compared to 17.8% for the S&P 500 (EUR) and 28.1% for the Dax. During Q2 20 net long exposure within Alchemy Top Ten varied between 0.3 and 0.7. At the end of Jun20 the portfolio invested around 70% in equities and 30% in cash. During the quarter CATERPILLAR and ROCHE were sold and EDISUN POWER were added the portfolio. The Portfolio was hit by the sophisticated fraud of WIRECARD executives. The negative performance drag to the portfolio amounts to around -5% of Alchemy Top Ten (EUR) year to date performance.