Balanced Portfolio - EuroFinance

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 63.6% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.


CFDs' Risk Warning

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 63.6% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Balanced Portfolio

Balanced Portfolio Composite

201220132014201520162017201820192020202120222023
Balanced Portfolio Composite Annual Gross Return22.07%14.61%7.98%-5.84%-2.85%7.12%-6.02%17.11%2.14%16.28%-12.47%11.36%
Benchmark Annual Return12.80%15.89%9.21%2.84%4.63%8.84%-5.43%17.60%4.71%14.72%-14.30%13.89%
Balanced Portfolio Composite Average Annual Gross Return22.07%18.28%14.74%9.21%6.68%6.76%4.83%6.29%5.82%6.82%4.91%5.43%
Benchmark Average Annual Return12.80%14.33%12.60%10.08%8.96%8.94%6.76%8.06%7.68%8.37%6.08%6.71%
Balanced Portfolio Composite Cumulative Gross Return22.07%39.90%51.06%42.24%38.18%48.03%39.11%62.92%66.40%93.49%69.36%88.60%
Benchmark Cumulative Return12.80%30.72%42.76%46.82%53.61%67.19%58.11%85.93%94.68%123.34%91.41%118.00%
Balanced Portfolio Composite Three-Year Annualized Standard Deviation6.59%9.23%9.85%9.52%6.67%5.98%10.42%9.91%12.07%9.53%
Benchmark Three-Year Annualized Standard Deviation5.46%7.10%6.98%6.73%5.67%6.46%10.46%10.05%12.58%10.74%
1M*YTD*
Balanced Portfolio Composite Gross Return
1.55%
4.66%
Benchmark Return
2.51%
5.85%

* As of 31 May 2024

The Balanced Portfolio Composite includes all actual, fee-paying, discretionary balanced portfolios. The typical allocation is 60% equities and alternative investments and 40% fixed income and cash equivalents.

The benchmark is 10% €STR Compounded Index1, 30% The Bloomberg Barclays Euro Aggregate Bond Index2, 30% S&P 500® Euro Hedged3, and 30% MSCI Europe Index4. The benchmark is rebalanced annually on 1 January.

Individual balanced portfolio returns are calculated monthly as time-weighted rates of return that adjust for external cash flows. Portfolios are valued daily.

Total returns (investment income + capital gains/losses both realized and unrealized) are calculated for both individual balanced portfolios and benchmark constituent indices.

Valuations are computed and performance is reported in Bulgarian lev.

New portfolios are included in the Balanced Portfolio Composite return calculations as of the first day of the first full month the new portfolio has been under management.

Terminated portfolios are included in the Balanced Portfolio Composite return calculations through the last full month the terminated portfolio was under management.

Balanced Portfolio Composite return is calculated monthly by asset-weighting the individual balanced portfolio returns using a method that reflects both beginning-of-period values and external cash flows. Each external cash flow is weighted in proportion to percentage of the time it is held in the relevant individual balanced portfolio during the month.

Balanced Portfolio Composite Gross returns are presented net of all trading expenses and withholding taxes.

Balanced Portfolio Composite Gross returns are presented gross of management fees (up to 10% of positive annual performance), and account maintenance fees (up to 1% per annum of assets under management).

Benchmark returns are calculated using gross of withholding taxes returns for €STR Compounded Index and The Bloomberg Barclays Euro Aggregate Bond Index and net of withholding taxes returns for S&P 500® Euro Hedged and MSCI Europe Index.

Balanced Portfolio Composite Annual Gross Returns and Benchmark Annual Returns are computed by compounding the corresponding monthly returns.

Balanced Portfolio Composite Average Annual Gross Returns and Benchmark Average Annual Returns are calculated as the geometric average of the corresponding annual returns over the period starting 2012 through the year stipulated in the respective column header.

Balanced Portfolio Composite Cumulative Gross Returns and Benchmark Cumulative Returns are computed by compounding the corresponding annual returns over the period starting 2012 through the year stipulated in the respective column header and are not annualized.

Balanced Portfolio Composite Gross Return 1M and Benchmark Return 1M are the non-annualized returns for the most recent full month.

Balanced Portfolio Composite Gross Return YTD and Benchmark Return YTD are the non-annualized returns since the beginning of the current year through the most recent full month.

The Three-Year Annualized Standard Deviation measures the variability of the Balanced Portfolio Composite gross returns and the Benchmark returns over the preceding 36-month period. It is calculated as of the end of each year stipulated in the respective column header. The standard deviation is not presented for 2012 through 2013 because 36 monthly Balanced Portfolio Composite returns were not available.

All calculations are performed using calendar days, months, and years.

The Balanced Portfolio Composite was created on 1 January 2012.

The performance represented is historical and the figures refer to the past. Past performance is not a reliable indicator of future results, and the value of investments can go down as well as up.

Source: EuroFinance, Bloomberg.

 


1The ECB calculates and publishes the €STR Compounded Index, which is entirely based on the historical €STR rates. FTSE MTS Eonia® Investable Index was used prior to 31 December 2021. €STR Compounded Index is used subsequently.

2The Bloomberg Barclays Euro Aggregate Bond Index measures the performance of the investment-grade, fixed-rate, euro-denominated bond market, including treasuries, government-related, corporate and securitized issues. Inclusion is based on the currency of the issue, and not the country of risk of the issuer. The index is market value weighted.

3The S&P 500® is widely regarded as the best single gauge of large-cap U.S. equities. It is a float-adjusted market capitalization weighted index that includes 500 of the top companies in leading industries of the U.S. economy and covers approximately 80% of available market capitalization. The S&P 500® Euro Hedged index is designed to represent the returns of the S&P 500® while hedging EUR/USD risk, but not the underlying equity market risk.

4The MSCI Europe Index is a free float market capitalization weighted index designed to represent the performance of large- and mid-cap equities across developed European countries.

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