- 31 DecVector 2019 Annual Review
- 17 DecFama/French going through its second biggest drawdown since 1963
- 15 NovThe Alpha Lifecycle
- 16 OctVector 2019 Q3 Review
- 10 SepA new prospectus
- 14 AugMarket Review: July
- 10 JulVector 2019 Semi-annual Review
- 14 JunAre factor premia disappearing?
- 21 MayHow persistent is regional outperformance?
- 12 AprMarket recovery: sense or sentiment?
- 12 MarMarkets solidify recovery
- 12 FebStock Markets Rebound
- 31 DecVector 2018 Annual Review
- 14 Dec2019 (outrageous) predictions!
- 20 AugTemperatures and stock markets heat up
- 18 JulVector 2018 Semi-annual Review
- 14 JunDo exporters suffer during trade wars?
- 15 MayStrong earnings put markets on the road to recovery
- 17 AprQ1 Overview
- 13 MarStock Markets: Episode VI: The return of volatility
- 02 MarVector wins Morningstar Germany and Belgium Awards!
- 22 FebVector Flexible wins De Tijd/L'Echo Awards for the third year in a row!
- 16 FebNavigator wins Morningstar France Award!
31 Aug 2017
While the stock market was off to a great start in 2017, showing gains of about 5.4% during the first quarter, prices have been slowly trending downwards ever since. The recent North-Korea related tensions and terrorist attacks in Spain did little to help investor sentiment. Consequently, August marked the fifth consecutive month of losses for a Euro-denominated MSCI All Countries index. Ever since reaching its top in March, this commonly used benchmark has lost more than 3% of its value. Admittedly, few people have lost a fortune, and the losses are driven to a greater extent by currency effects rather than by stock-price effects. After all, macroeconomic data isn’t looking too bad: GDP growth in Europe and Japan has been considerably higher than expected.
Vector Navigator has been outperforming during both the up and downswings this year, as illustrated in the below graph. Year-to-date our 100% equity fund has achieved a return of 6.8%, which compares well to the MSCI’s 2.1% performance. We are outperforming the index with 4.7%, and the Morningstar Category with 5.4% since the turn of the year.
Given the lackluster performance of equity markets this year, Vector Flexible isn’t that far behind Navigator. With a return of 6.7% it is outperforming 92% of its competitors in the Flexible Allocation category (and the same is true for Vector Navigator).