Global Multi-Asset Investment Strategist, True Insights

Jeroen Blokland

All-round Multi-Asset investor. Former head of a EUR 5 billion multi-asset fund range. Speaker. Charts & Frameworks. Founder of True Insights, a provider of independent investment research, trade ideas & well-diversified portfolios.
https://true-insights.net/

Global Multi-Asset Investment Strategist

The Weekly Market Monitor – Spending Pressure, Labor Lull, and Bitcoin Fatigue

Commodities Are Surprising, but Not in the Way You Think

The Weekly Market Monitor – One Strike, Two Strikes, …

Risk-Adjusted Yields and High Correlation Make Equities Unattractive!

Back with a Bang! – Macro and Sentiment Call for an Underweight in Equities

Build Well-Diversified Multi-Asset Portfolios

True Insights

Our research helps investors build well-diversified multi-asset portfolios and profit from market developments. In addition, our unique and proven Macro – Sentiment – Valuation (MSV) investment framework ensures a consistent flow of new investment opportunities. Together with our market views, these opportunities will be reflected in our live ETF-based Global Multi-Asset Portfolios.

Cross Asset Strategy

Multiple Countries / Cross Asset Strategy

<ul>
<li>August and September are the weakest for Equities relative to Treasuries. Staying out of equities during those months would have significantly improved the risk-return profile of a multi-asset portfolio.</li>
<li>September high yield returns are mediocre at best, underpinning that the equity component of the asset class is the return-determining factor most of the time.</li>
<li>September is the only month in which Bitcoin realized a negative return on average. Finally, Gold returns have been solid in September.</li>
</ul>


August and September are the weakest for Equities relative to Treasuries. Staying out of equities during those months would have significantly improved the risk-return profile of a multi-asset portfolio.
September high yield returns are mediocre at best, underpinning that the equity component of the asset class is the return-determining factor most of the time.
September is the only month in which Bitcoin realized a negative return on average. Finally, Gold returns have been solid in September.


Seasonality: September Is a Bad Month for ALL Risky Asset Classes