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Portfolio Mix

Click on the dial to see the conservative, moderate & aggressive portfolio strategies.

Asset Allocation
10%
Equities
10%
Indices
10%
Forex
20%
Commodities
50%
Bonds
Note: This is for illustrative purposes only and there is no obligation to accept the asset allocation provided by this tool. The Portfolio Mix is neither investment advice nor a suggestion on asset allocation to be adopted by the investors.
Instruments
Description
Trend
Trading Range
equites
Visa
Trend
Range $258 - $287
Visa's fiscal second-quarter earnings report showcased robust performance. Revenue surged by 10% year over year, while adjusted earnings per share (EPS) saw a notable 20% increase, both exceeding analysts' projections. Delving deeper, Visa's total payment volume expanded by 7.1% year over year (8.5% in constant currency), with particularly impressive international constant currency payment growth of 11%. Of significance, cross-border payment volume, a key growth driver for Visa, experienced a remarkable 16% year-over-year increase on a constant currency basis. The proliferation of Visa cards globally, totaling 4.4 billion including credit and debit products, reflects a 6% rise from the previous year. Generating approximately $4.3 billion in free cash flow, Visa allocated over $2.7 billion towards share repurchases. Despite inflationary pressures, rising interest rates, and economic concerns, consumer spending has demonstrated resilience. Given that Visa's revenue is closely tied to consumer spending, and consumer spending has continued to show resilience, Visa stands poised for continued success.
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indeces
Norway 25
Trend
Range NOK 1,225 - NOK 1,360
Norway’s index stands to benefit from the latest round of western sanctions against Russian metals. The subsequent spike in prices of industrial metals could benefits Norwegian aluminum producers, like Norsk Hydro. Furthermore, a confluence of geopolitical risks, robust non-OPEC production, and strong U.S. demand has sent crude oil prices higher this year. The positive sentiment was further reinforced by a revival in China's crude oil demand in March 2024. High energy prices bring significant economic advantages to Norway, a major energy exporter. This also augurs well for Norway's stock market, given the substantial representation of the energy sector within its Norway 25 index. Central banks around the world are pushing back the timing and extent of rate cuts as inflationary pressures persist. Interestingly, higher inflation could translate into enhanced profit margins for companies operating within the financials, energy, consumer staples, and materials sectors – all of which comprise the Norway 25 index.
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forex
EUR/CHF
Trend
Range 0.9565 - 1.0005
The Eurozone's Services Purchasing Managers' Index (PMI) rose to an 11-month high of 52.9 in April 2024, up from March's 51.5. This indicates that the service sector in the Eurozone is expanding. On March 21, 2024, the Swiss National Bank (SNB) cut its interest rates by 25 basis points to 1.5%, surprising the markets. The SNB's success in combating inflation over the past two and a half years enabled the decision, with inflation back below 2%, which is the range that the central bank equates with price stability. The effectiveness of the SNB's efforts to rein in inflation during that period has allowed for this easing of monetary policy. This cut was the first among major financial centers in recent months, making Switzerland the first major developed central bank to cut interest rates since the pandemic. As a result, the Euro is likely to perform better than the Swiss franc.
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commodities
Gold
Trend
Range $2,240 to $2,480
Gold saw remarkable price movements in April, surpassing its all-time high mark of $2,400 with a gain of nearly 4%. Gold's ascent over the past two months has been attributed to central bank purchases and heightened geopolitical tensions. Central Bank purchases of gold, during two consecutive years in 2022 and 2023, have exceeded 1000 tonnes per annum in comparison to a mere 450 tonne per annum purchase in 2021. China’s central bank purchased gold for its reserves for a 17th straight month in March. Bullion held by the People’s Bank of China rose by about 390,000 troy ounces last month. That takes total holdings to about 2,257 tons. All attention now shifts to the tone of the Federal Reserve meeting, where policymakers are anticipated to maintain their stance on higher-for-longer interest rates, that could test Gold's resilience. Investors will continue to monitor the crucial US economic data releases in the next month that may influence gold volatility. Ongoing gold demand in Asia, particularly China and gold’s resilience in the higher-for-longer rate environment support upward movement for the yellow metal.
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bonds
iShares Core
U.S. Aggregate
Bond ETF
Trend
Range $92.45 - $101.25
The iShares Core U.S. Aggregate Bond ETF (AGG) endeavors to mirror the performance of the Bloomberg Barclays U.S. Aggregate Bond Index, which acts as a comprehensive gauge of the U.S. investment-grade bond market. With diversification spanning over 8,000 bonds across various sectors including government, corporate, mortgage-backed, and asset-backed, this fund grants extensive access to the entirety of the U.S. bond market. Prioritizing cost effciency and robust liquidity, the fund presently manages assets exceeding $100 billion while maintaining a low expense ratio of 0.03%, falling below the industry norm. Additionally, it boasts a 12-month yield of 3.41%. Tailored for investors aiming for diversified exposure to the U.S. bond market at minimal expense, the iShares Core U.S. Aggregate Bond ETF presents an attractive option, offering potential for both income generation and capital appreciation, despite inherent risks associated with interest rates and credit.
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iShares iBoxx $
Investment
Grade Corporate
Bond ETF
Trend
Range $102.65 - $110.47
The iShares iBoxx $ Investment Grade Corporate Bond ETF (LQD) is designed to replicate the performance of a broad index comprising U.S. dollar-denominated investment-grade corporate bonds. Its primary objective is to provide investors with exposure to the high-quality segment of the corporate bond market, ensuring diversification across various sectors, maturity periods, and credit ratings. With a modest expense ratio of 0.14% and robust liquidity, the fund emerges as an appealing option for investors seeking both income and stability in the fixed-income sector. Boasting a 12-month dividend yield of 4.34%, the fund also maintains a moderate interest rate risk and low credit risk, with the majority of its holdings rated A or higher by major rating agencies. Tailored for investors in search of a foundational investment in the investment-grade corporate bond market that offers both diversification and liquidity, the iShares iBoxx $ Investment Grade Corporate Bond ETF presents a compelling choice
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iShares 20+ Year
Treasury Bond
ETF
Trend
Range $85.71 - $97.65
The iShares 20+ Year Treasury Bond ETF (TLT) is an exchange-traded fund crafted to replicate the performance of long-term US government bonds. Focusing on bonds with over 20 years remaining maturity, the fund exhibits heightened sensitivity to fluctuations in interest rates and inflation expectations. Investors often turn to TLT with the anticipation of benefiting from shifts in the Federal Reserve's monetary policy, such as transitions from quantitative tightening to quantitative easing. This transition typically spurs demand for long-term bonds, propelling their prices higher and yields lower, a scenario advantageous for TLT as it mirrors the increased value of its underlying holdings. Sporting a low expense ratio of 0.15% and a 12-month dividend yield of 3.93%, along with a notable track record of dividend growth, TLT emerges as an appealing investment option for those anticipating a pivot in the Fed's policy in 2024, potentially leading to the appreciation of long-duration bonds.
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Vanguard Short -
Term Corporate
Bond Index
Trend
Range $74.27 - $80.35
The Vanguard Short-Term Corporate Bond Index (VCSH) is a mutual fund strategically positioned in high-quality corporate bonds with maturities spanning from one to five years. Its primary objective is to provide investors with a sustainable and moderate level of current income while mitigating interest rate risk. Tracking the Bloomberg Barclays U.S. 1-5 Year Corporate Bond Index, which evaluates the returns of U.S. dollar-denominated, investment-grade, fixed-rate securities issued by industrial, utility, and financial companies, the fund aims to mirror its performance. With an impressively low expense ratio of 0.04%, falling below the category average, the fund has consistently outperformed its benchmark, delivering one-year, annualized returns of 3.61% and boasting a 12-month dividend yield of 3.37%. Diversified notably across sectors, with primary exposures in financials, consumer non-cyclical, communications, and technology, the fund caters to investors seeking income generation from their portfolio while maintaining a focus on risk management and liquidity.
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Data Source: Bloomberg
Date: 1st May, 2024

Arun Leslie John
Chief Market Analyst

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The product and investment ideas do not consider the risk profile and financial position of the recipient and may not be suitable for everyone.
Trading in financial markets involves a significant risk of loss, which can exceed deposits. Please read the complete disclaimer carefully.
DISCLAIMER: Century Financial Consultancy LLC (“CFC”) is Limited Liability Company incorporated under the Laws of UAE and is duly licensed and regulated by the Emirates Securities and Commodities Authority of UAE (SCA). This information is for illustrative proposes only and must not be construed to be an advice to invest or otherwise in any investment or financial product. CFC does not guarantee as to adequacy, accuracy, completeness or reliability of any information or data contained herein and under no circumstances whatsoever none of such information or data be construed as an advice or trading strategy or recommendation to deal (Buy/Sell) in any investment or financial product. CFC is not responsible or liable for any result, gain or loss, based on this information, in whole or in part. Please refer to the disclaimer section of the website for full disclosure of the terms and conditions.
Risks & Assumptions
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The strategy might suffer from look-ahead bias which occurs due to use of information or data in a study or simulation that would not have been known or available during the period being analyzed. This can lead to inaccurate results in the study or simulation.
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Future price movements may not be exactly the same as the historical price movements and this could lead to variation in performance.
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Testing can sometimes lead to over-optimization. This is a condition where performance results are tuned so high to the past they are no longer as accurate in the future.
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The model assumes no slippages in trading. Slippage refers to the difference between the expected price of a trade and the price at which the trade is actually executed.
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Drawdowns in actual trading can be higher than the tested system and loses could significant in the event of leverage.
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Unforeseen events can lead to variation in performance from the tested trading strategy.
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The tested result has been computed with price feeds available from Bloomberg.
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The testing environment has not considered transaction or any other costs.
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Trading indicators used for the purpose of testing has been provided by Bloomberg.
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The strategy might suffer from data mining fallacy, selection bias and backfill bias.