Tag Archives: Germany

The results of the T-Advisor model portfolios in 2015

T-Advisor, as wealth management solution for individuals and professionals, has not only tools for own investments, but also proposals to follow or even copy. That’s why our system has its own model portfolios. They are nine: five related to risk profile (from aggressive to very conservative) and five related to countries (Germany, UK, Spain in Europe and Mexico and Nasdaq 100 in the Americas).

How do they work? We select between four and six ETFs for the risk-profiled portfolios and up to ten stocks for the country portfolios. The main point for us is capital preservation. That’s why our results, when they are negative, are better than the markets. To obtain them, we rebalance the portfolios every two months. These rebalances let us improve the results, as we exclude the positions more affected by market negative waves and substitute them for better stocks or ETFs. Diversification is also part of the strategy. We select the securities with the best score and relevant figures to obtain the best results.

These are the results for 2015 for our risk-profiled model portfolios:

1-year-return Volatility Sharpe ratio
Aggressive -2.53% 19.44% 0.57
Dynamic 1.47% 16.86% 0.51
Balanced 3.53% 10.03% 0.58
Conservative 1.52% 3.94% 0.90
Very conservative 0.80% 2.39% 0.18

The figures where collected on January, 13th, and they are influenced by the very bad trend in the last weeks. However, the only negative result is our Aggressive portfolio and the losses are lower if we compare them with the 1-year-returns of some of the main exchanges: S&P (-4.42%), London (-8.80%), Madrid (-9%), Hong Kong (-17.96%).

And now the results of our country portfolios:

1-year-return Volatility Sharpe ratio Index
Germany 44.70% 19.89% 6.23 2.08% (DAX)
Spain 5.74% 18.28% 1.59 -9.00% (Ibex)
Mexico 23.96% 15.03% 5.09 -1.81% (IPC)
Nasdaq 100 2.97% 18.52% 3.27 -2.44% (Nasdaq)
UK 18.32% 14.72% 2.98 -8.80% (FTSE)

Our strategies outperformed the reference indexes and even in a negative environment, all performed positively, against the negative results of the indexes.

Aren’t you tempted to clone them? We have a tool to let our users do it. Let’s try it and compare the results with your investments!

Profiling investors: findings from BlackRock surveys

Picture from Investor Pulse in US by Blackrock

BlackRock is the biggest fund manager in the world. In the last years, it has conducted surveys in different countries around the world to obtain the main features from investors. If we take some of the insights, we may find several interesting figures:

  1. Cash is king. It is surprising that cash is the main asset in such proportion. For instance, 59% in LatAm, 63% in US, 51% in Asia, 58% in Spain… and 76% in Germany. In LatAm, 70% plan to add more cash in the next year. That’s quite a lot everywhere. Why investors are still reluctant to invest in other assets? This is a question that the financial and advisory branch has to discuss.
  2. Generally speaking, all are more optimistic than pessimistic about their financial future. Let’s see: 52% in US, 74% in LatAm, 64% in Asia, 54% in Germany. But it is interesting to mention that the rate is only 23% in Japan and 47% in Europe (38% in Spain). In contrast, Indians are optimistic in 81%. These figures show also opportunities. The branch has to bet for more optimistic countries to sell their products and solutions and have to work harder in more pessimistic countries trying to remove former ideas.
  3. What about retirement? Only 59% Americans are saving for it. It is to underline that the proportion is 57% of Gen X (between 37 and 49 years old) and… 60% of millennials (between 25 and 36). Surprisingly, young Americans are saving. That means that they already are target for the branch. The proportion of savers is higher in Asia: 69% average, with peaks in China (74%) and lows in Japan (42%). In LatAm, the percentage is 67%, in Germany, 65%, in Spain, 47%. There is also here a chance for advisory in these countries.
  4. And finally, what is the perception about advisers? 35% of Asians are advised in their finances with a high satisfaction. The proportion falls till 17% in LatAm (likewise very satisfied), 25% in Spain, it is also low in Germany. There is no figure for US, although it is supposed to be higher than in other countries. The chances to grow are also very relevant.

This kind of surveys is interesting to detect the general investor sentiment and find business opportunities for the advisory branch. It is also useful to open a debate about how to reach the customers and discover them the advantages of investing and planning their finances.

Note: Picture from BlackRock Investor Pulse Survey 2014. Page 12.

Market opportunities by T-Advisor: Villeroy und Boch

T-Advisor, through its tool Market Opportunities, has detected the company Villeroy und Boch, listed in Xetra as an opportunity for investment.

These are the main figures about performances and volatility in the last years:

Villeroy und Boch main data in T-Advisor

The chart shows the evolution in the last year:

Villeroy und Boch chart in T-Advisor

The technical analysis reveals also more data:

V&B technical analysis in T-Advisor

Finally, the risk analysis is as follows:

Villeroy und Boch risk analysis in T-Advisor

Villeroy und Boch is one of the world largest manufacturers of ceramics. Headquartered in Germany, it was founded more than 250 years ago and it is listed since 1990. The group has more then 7.750 employees. Currently, Villeroy und Boch focuses its business activities in the company divisions ‘Bathroom & Wellness’ and ‘Tableware’.

Last report from 2013 shows that revenues were stable compared with 2012, till €745.3 million. Two thirds of the revenues come from abroad. However, net result jumped a 62.6%, till €23.9 million. Villeroy und Boch increased a 5% the dividend payment, till €0.37 per share.

T-Advisor model portfolios: these are our results

T-Advisor, as wealth management solution for individuals and professionals, has not only tools for own investments, but also proposals to follow or even copy. That’s why our system has its own model portfolios. They are nine: five related to risk profile (from aggressive to very conservative) and four related to countries (Germany, UK, Spain and Nasdaq 100 from US).

How do they work? We select between four and six ETFs for the risk-profiled portfolios and up to ten stocks for the country portfolios. They are not static, but we rebalance them every two months. These rebalances let us improve the results, as we exclude the positions more affected by market negative waves and substitute them for better stocks or ETFs. Diversification is also part of the strategy. We select the securities with the best score and relevant figures to obtain the best results.

These are the results for 2014 for our risk-profiled model portfolios:

1-year-return

Volatility

Sharpe ratio

Aggressive

17.77%

10.94%

1.84

Dynamic

20.03%

9.91%

1.99

Balanced

19.50%

5.57%

2.84

Conservative

17.84%

2.06%

4.89

Very conservative

14.02%

0.62%

5.81

Who said that very conservative strategies have very low returns? And now the results of our country portfolios:

1-year-return

Volatility

Sharpe ratio

Index

Germany

20.84%

10.94%

1.84

2.65% (DAX)

Spain

9.31%

9.91%

1.99

3.66% (Ibex)

Nasdaq 100

1.91%

5.57%

2.84

18.8% (Nasdaq)

UK

-0.59%

2.06%

1.89

-2.71% (FTSE)

Our strategies outperformed the reference indexes (with the exception of Nasdaq 100), but even in a negative environment, as in UK, our portfolio reduced the losses.

Aren’t you tempted to clone them? We have a tool to let our users do it. Let’s try it and compare the results with your investments!

Germany: opportunities in slower pace

Germany is in the heart of Europe and is also somehow a heart for the European economy. The Great Recession experienced since 2007 affected deeply the European Union. In the middle of the discussions amongst the EU partners, Germany has imposed its strength with austerity to control public budgets. But today the receipt shows to be not necessary the best, as some experts speaks about a third recession in Europe. The warning comes from the weak figures in Germany.

The main European economy is very well monitored: there are several indexes about business or consumers climate. The most famous are IFO and GfK. Let’s see the business climate: there has been a worsening this year.

IFO business climate chart

A cough in Germany means an illness in the rest of the European countries. Germany has a strong industry and export branch. Chemicals, carmakers, electronics… are some of the main sectors. What is happening in the German stock exchange while the country is living these negative signs?: T-Advisor global trends tool shows that only a 9% of the listed companies are bullish this week.

T-Advisor global trend chart for Germany

DAX index, the German selective index in the stock exchange, shows that the main winners this year are chemicals (Fresenius, Merck and Bayer). Financials has only a representative (Commerzbank) as the branch does not experience its best year.

T-advisor DAX winners

On the opposite, the weakest equities are financials (Deutsche Bank and Deutsche Boerse), the national airline Lufthansa and two industrial companies, one of them related to consumers (Adidas).

T-Advisor DAX losers

Investment opportunities in Germany are still high although economic figures tend to be negative. T-Advisor has a steady model portfolio with German stocks rebalanced every second month. The portfolio had never losses. These are the main data from it:

T-Advisor Germany model portfolio

It is possible that Germany experiences again hard times, but investors have to look into the market with high-quality tools to find the best opportunities. T-Advisor monitors deeply the German market to provide this service.