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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
Walmart
Trend
Range $103- $119
Walmart is set to deliver strong performance in January, supported by exceptional holiday execution and its structural evolution from a traditional retailer into a tech-enabled, high-margin ecosystem. In Q3 FY26, the company posted an impressive 8.0% improvement in operating income, driven by 27% e-commerce expansion and disciplined inventory management. The key engine of this re-rating is the 'flywheel' effect: Walmart Connect advertising revenues surged 31%, generating high-margin cash flows (70–80%) that fund aggressive pricing while simultaneously expanding blended margins. When coupled with supply chain automation covering 45% of volumes, this transition to a 'Retail-as-a-Service' model justifies the premium 39x P/E ratio. It widens the competitive moat against peers. Uniquely positioned for a 'K-shaped' economy, Walmart’s 60% grocery mix provides defensive ballast while capturing high-income trade-down traffic. The stock offers a rare combination of defensive safety and structural growth. This performance could support the stock in the upcoming month.
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indeces
Switzerland 20
Trend
Range CHF 12,722 -
CHF 13,783
Swiss outlook has improved due to the recent trade deal between Switzerland and the U.S.A. The deal reduces the tari on Swiss exports to the USA from 39% to 15%, bringing the effective tariff rate to 7% from 17.2%. This will likely limit the risk of a significant economic slowdown. Further, better-than-expected global economic growth in the recent quarter has provided support to the economic outlook for Switzerland. An overall eurozone recovery attributed to the German fiscal package would also benefit the Swiss economy. The index has given a strong 1-Year performance of 14%. It is heavily weighted towards Healthcare (37%) and Financials (20%), which constitute 57% of the index. On 16th December 2025, the index gave a multi-month breakout, led by top companies from these two sectors. Given the improving outlook for pharma and financials, especially among private-market managers across the eurozone, the index and its constituents are expected to be bullish.
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forex
USD/CHF
Trend
Range 0.766 to 0.825
From a technical standpoint, on the daily chart, the USDCHF currency pair is trading at support in the 0.787-0.790 range. This range has been tested about 4 times this year, and each time the currency pair has bounced back. This time, the currency pair has even printed a dragonfly doji at the support level on 24th December, supporting a bullish stance in the month ahead. From a fundamental standpoint, the US Q3 GDP projections actuals were clocked at 4.3% versus 3.3% expected. This hotter-than-expected result has caused swap markets to dial back their rate-cut expectations. According to CME’s FedWatch tool, the probability of a 25bps rate cut at the Jan meeting has decreased from 22% a week ago to 15.5% as of the time of writing. Higher yields, as evidenced by this week's note auctions, are also expected to support the dollar.
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commodities
Gold
Trend
Range $4,154 - $4,660
Gold closed 2025 with an exceptional annual gain of more than 65% sharply outpacing the US market’s return of around 17%. This rally was supported by a favorable macro setup: a weaker US Dollar, falling real yields, and the start of the Federal Reserve’s rate-cut cycle, all of which increased the relative appeal of non-yielding assets. Additional momentum came from ongoing central bank accumulation and elevated geopolitical uncertainty, encouraging investors to rotate towards safe-haven assets. ETF participation has also been a key driver of strength. According to the World Gold Council, gold backed ETFs saw five consecutive weeks of inflows between November 15 and December 19, rising from 97.4 million to 98.38 million troy ounces, signalling continued institutional confidence and reinforcing the bullish narrative. According to J.P. Morgan, gold demand from investors and central banks is expected to stay strong in 2026, averaging around 585 tonnes per quarter.
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bonds
iShares Core
U.S. Aggregate
Bond ETF(AGG)
Trend
Range $98.95 - $101.14
The iShares Core U.S. Aggregate Bond ETF (AGG) is a prominent fund that closely tracks the Bloomberg Barclays U.S. Aggregate Bond Index, offering a comprehensive snapshot of the U.S. investment-grade bond market. With a diversified portfolio of over 8,000 bonds, including government, corporate, mortgage-backed, and asset-backed securities, AGG provides extensive coverage of the U.S. bond market. The ETF is designed for cost effciency, boasting a low expense ratio of 0.03% — significantly below industry standards — and managing assets exceeding $135.41 billion. AGG has delivered one-year returns of 7.43%, with a 12-month dividend yield of 3.88%. This makes it an attractive option for investors seeking broad exposure to U.S. bonds at minimal cost, with the potential for income and capital appreciation. The ETF has an effective duration of 5.85, making it less sensitive to interest rate fluctuations.
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iShares iBoxx
$ Investment
Grade Corporate
Bond ETF(LQD)
Trend
Range $109.00 - $112.28
The iShares iBoxx $ Investment Grade Corporate Bond ETF (LQD) aims to mirror the performance of an index composed of U.S. dollar-denominated investment-grade corporate bonds. It provides investors with exposure to the high-quality segment of the corporate bond market, offering broad diversification across various sectors, maturities, and credit ratings. With a low expense ratio of 0.14% and strong liquidity, LQD is an attractive option for those seeking income and stability in the fixed-income space. The ETF has a 12-month dividend yield of 4.45%. It carries moderate interest rate risk and low credit risk, with the majority of its holdings rated A or higher by major credit rating agencies. LQD is an excellent choice for investors seeking a reliable and well-diversified investment in the investment-grade corporate bond market.The iShares iBoxx $ Investment Grade Corporate Bond ETF (LQD) seeks to track the performance of an index comprising U.S. dollar-denominated investment-grade corporate bonds. It provides investors with exposure to the high-quality segment of the corporate bond market, offering broad diversification across various sectors, maturities, and credit ratings. With a low expense ratio of 0.14% and strong liquidity, LQD is an attractive option for those seeking income and stability in the fixed-income space. The fund has delivered a 1-year return of 8.07% The ETF has a 12-month dividend yield of 4.46%. It carries moderate interest rate risk and low credit risk, with the majority of its holdings rated A or higher by major credit rating agencies. LQD is an excellent choice for investors seeking a reliable and well-diversified investment in the investment-grade corporate bond market.
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iShares iBoxx
$ High Yield
Corporate Bond
ETF(HYG)
Trend
Range $79.75 - $81.45
The iShares iBoxx $ High Yield Corporate Bond ETF (HYG) is designed to mirror a broad index of U.S. dollar-denominated high-yield corporate bonds. Its primary goal is to offer investors access to the high-yield bond market's potentially high returns and diversification benefits. HYG holds over 1,000 bonds across various sectors and credit ratings, with substantial allocations in the 3-5-year and 5-7-year maturity ranges. The fund has posted a 1-year return of 8.32%. It also features an attractive 12-month dividend yield of 5.72% and a low expense ratio of 0.49%, making it particularly appealing to income-focused investors. While HYG carries a moderate risk profile — characterised by higher credit risk and the volatility typical of high-yield bonds — it offers the potential for enhanced returns. Additionally, its lower correlation with other fixed-income and equity markets can improve the overall risk-return balance, making HYG a compelling option for those seeking a well-rounded and diversified portfolio.
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Vanguard Short
Term Corporate
Bond Index
Trend
Range $79.30 - $80.15
The Vanguard Short-Term Corporate Bond Index (VCSH) is a mutual fund that focuses on high-quality corporate bonds with maturities of 1 to 5 years. Its primary goal is to provide investors with a stable and moderate level of current income while minimising exposure to interest rate risk. The fund closely tracks the Bloomberg Barclays U.S. 1-5 Year Corporate Bond Index, which reflects the performance of U.S. dollar-denominated, investment-grade, fixed-rate bonds issued by companies in the industrial, utility, and financial sectors. With a remarkably low expense ratio of 0.49%, far below the industry average, VCSH has consistently outperformed its benchmark. The fund has delivered one-year returns of 6.91% and a 12-month dividend yield of 4.35%. It is well-diversified across various sectors, including financials, consumer non-cyclical, communications, and technology. VCSH is an excellent choice for investors seeking income generation while prioritising risk management and liquidity in their portfolios.
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Data Source: Bloomberg
Date: 1st January, 2025

Arun Leslie John
Chief Market Analyst

Deepa Sachanandani
Deputy Head - Research

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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 licensed and regulated by the Securities and Commodities Authority (SCA) of the UAE under license numbers 20200000028 and 301044 to carry out the activities of Trading Broker in international markets, Trading Broker of OTC derivatives and currencies in the spot market, Introduction, Financial Consultations, and Promotion. CFC is incorporated under UAE law, registered with the Dubai Economic Department (No. 768189), with its oce at 601, Level 6, Building No. 4, Emaar Square, Downtown Dubai, UAE, PO Box 65777.
Risks & Assumptions
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The risks and assumptions listed here are not intended to be an exhaustive summary of all the risks and assumptions involved.
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The strategy might struggle from look-ahead bias which occours due to the 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. Slippages refer to the difference between the expected price of a trade and the price at which the trade is actually executed.
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The back-tested strategy might be at risk of data dredging, which is the behavior of testing multiple hypotheses at one time, resulting in picking the data that best supports your main hypothesis.
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Drawdowns in actual trading can be higher than the tested system and losses could be 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 and some other biases including but not limited to selection bias, survivorship bias and backfill bias.
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A trading strategy that performs well on multiple datasets from one market (e.g., forex) might not perform as well in another market (e.g., stocks).
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The strategy may not depict accuracy in terms of spread changes due to the spread-widening events.