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Apogee

GYC APOGEE is an absolute return strategy that attempts to achieve outsized appreciation of its assets through positions in global regions and sectors using relative valuation. Global and country macro outlook drives the idea generation and entry into, and exit from the market is based on trading indicators derived from technical analysis of securities prices.

The strategy will take concentrated positions when opportunity arises, and aims to avoid losses during recessionary periods. The strategy can hold globally listed Exchange Traded Funds from all asset classes like equity, fixed income, commodities, futures and currency including leveraged and inverse ETFs. There is no restriction on the amount of cash the strategy can hold.

Performance (Past 56 months as of 31 October 2018)

GYC APOGEE MSCI ACWI ETF
Total Return 52.09 44.71
Annualized Return 14.36 12.58
Annualized Volatility 13.56 12.81
Annualized Downside Risk 9.33 9.51
Sharpe Ratio 0.68 0.62
Jensen Alpha 6.54 -
Information Ratio 0.07 -
Beta (ex-post) 0.33 -
Correlation 0.31 -
Capture Ratio 0.46 -

Monthly Performance (2018)

JanFebMarAprMayJun
4.04-3.21-2.271.351.431.27
JulAugSepOctNovDec
2.841.96-0.02-6.38
Year0.55

Monthly Performance (2017)

JanFebMarAprMayJun
0.601.432.560.440.670.15
JulAugSepOctNovDec
0.030.151.71.780.811.11
Year11.88

Monthly Performance (2016)

JanFebMarAprMayJun
-1.25-0.900.640.89-0.071.54
JulAugSepOctNovDec
0.801.500.705.692.78-1.12
Year11.57

Monthly Performance (2015)

JanFebMarAprMayJunJul
1.646.54-3.221.56-1.072.90-3.31
AugSepOctNovDecYear
9.025.61-3.432.46-0.8718.32

Monthly Performance (2014)

JanFebMarAprMayJunJul
1.202.780.932.451.65-1.03-2.09
AugSepOctNovDecYear
1.20-2.45-4.04-5.6810.854.91

Notes on Performance: The above represents pro-forma performance results and do not reflect the effect of fees and expenses associated with the management of the actual portfolio. There may be differences between the above composite performance record and the actual record subsequently achieved. No representation is being made that clients' performance will or is likely to achieve a composite performance record similar to that shown. Past performance is not indicative of future results. The reference benchmark used is the iShares All Country World ETF (ACWI US), which is a low-cost passive investible benchmark meant to represent a global equity allocation.

Important Notes:

  1. The above strategy is only available to Accredited Investors, defined as individuals whose net worth is at least SGD$2 million (or its equivalent in a foreign currency) or whose income in the past 12 months was at least SGD$300,000 (or its equivalent in a foreign currency).
  2. The information given above is neither an offer nor solicitation to invest in the Portfolio and is strictly for information purposes. Past performance of the Portfolio and its constituent funds or stocks and any economic and market trends/forecast are not necessarily indicative of the future or likely performance of the Portfolio. The performance of the Portfolio and the value of the constituent funds and stocks and the income accruing, if any, may fall as well as rise. Investors should read the constituent funds' prospectuses (which are available from GYC) before investing. Please note that the constituent funds and stocks may change from time to time depending on the Portfolio Manager's prevailing market views. Any investments in a portfolio of unit trusts (collective investment schemes) and stocks carries investment risks and may therefore not be suitable for persons who are averse to such risks. You should make your own independent investigations as you may consider necessary or appropriate prior to investing.

© 2018 GYC Financial Advisory Pte Ltd | Co Reg No 199806191K