6
October
2009
Review of the performance of our asset allocation models to the end of September 2009
|
End September 2009 |
1 Month | YTD | 1Year | 3 Years %pa | 5 Years %pa | 10 Years %pa |
| GoldCore Cautious Portfolio | 0.39% | 4.32% | 5.90% | 3.14% | 3.03% | 3.19% |
| GoldCore 25% Risk Portfolio | 0.89% | 9.39% | 7.72% | 2.98% | 4.42% | 4.45% |
| GoldCore 35% Risk Portfolio | 1.03% | 11.84% | 7.13% | 2.05% | 4.68% | 4.74% |
| GoldCore Balanced Portfolio | 1.20% | 14.23% | 6.46% | 1.13% | 4.89% | 5.03% |
| GoldCore 55% Risk Portfolio | 1.33% | 17.23% | 6.28% | 0.28% | 5.12% | 5.16% |
| GoldCore 65% Risk Portfolio | 1.45% | 20.29% | 5.84% | -0.69% | 5.27% | 5.24% |
| GoldCore 75% Risk Portfolio | 1.56% | 23.28% | 4.80% | -1.82% | 5.27% | 5.24% |
| GoldCore 85% Risk Portfolio | 1.71% | 26.80% | 3.83% | -3.11% | 5.25% | 5.50% |
| GoldCore Growth Portfolio | 1.92% | 30.66% | 4.55% | -3.15% | 5.77% | 6.07% |
| GoldCore Aggressive Portfolio | 2.12% | 34.64% | 4.14% | -3.85% | 6.03% | 6.54% |
| GoldCore Speculative Portfolio | 2.18% | 36.41% | 4.74% | -3.86% | 6.21% | 6.85% |
| Average GoldCore Portfolio | 1.43% | 20.83% | 5.58% | -0.63% | 5.09% | 5.27% |
| Managed Pension Funds | 1 Month | YTD | 1 Year | 3 Years %pa | 5 Years %pa | 10 Years %pa |
| AIB Investment Managers | 2.6% | 11.6% | -7.7% | -8.1% | 1.4% | 0.0% |
| AVIVA | 2.6% | 15.5% | -6.1% | -9.8% | -0.2% | 0.6% |
| Bank of Ireland Asset Mgrs | 2.5% | 17.3% | -1.3% | -8.5% | -0.3% | 1.8% |
| Canada Life/Setanta | 2.3% | 17.4% | 0.3% | -5.7% | 2.3% | 1.9% |
| Eagle Star | 2.8% | 18.1% | 2.0% | -4.2% | 4.1% | 2.7% |
| Friends First/F&C | 2.1% | 17.4% | -1.0% | -8.8% | 0.7% | 0.6% |
| Irish Life | 3.1% | 22.7% | 1.8% | -7.3% | 1.8% | 2.0% |
| KBC Asset Management | 2.7% | 13.9% | -5.2% | -10.4% | -0.2% | -0.8% |
| Merrion Inv Managers | 2.6% | 26.1% | 4.3% | -4.6% | 3.0% | 4.1% |
| Standard Life Investments | 2.6% | 19.4% | 1.6% | -6.8% | 2.4% | 1.4% |
| Average Managed Fund | 2.6% | 17.9% | -1.1% | -7.4% | 1.5% | 1.4% |
| GoldCore Outperformance | 0.64% | 3.49% | 11.19% | 6.88% | 4.64% | 4.07% |
| Benchmark Index | 1 Month | YTD | 1 Year | 3 Years %pa | 5 Years %pa | 10 Years %pa |
| Global Equities -MSCI World Index | 1.91% | 19.14% | -5.46% | -8.20% | 0.77% | -1.75% |
| Irish Equities - ISEQ Overall TR | -1.92% | 27.87% | -15.26% | -27.08% | -9.85% | - |
| Cash - 1 Month LIBOR € | 0.04% | 0.98% | 2.07% | 3.49% | 3.04% | 3.23% |
| Bonds - Citygroup World Gvt Bond 1-30 years hedged to € | -1.50% | -3.67% | 5.33% | 0.54% | 2.03% | 2.39% |
| Gold in Euro | 2.09% | 8.32% | 9.94% | 12.74% | 15.40% | 9.12% |
Source: GoldCore Wealth Management Oct 2009
GoldCore Portfolios are illustrated Jan 1999 to September 2009 in Euro and net of all fund management and GoldCore advisory fees. Comparison funds source: Rubicon Investment Consulting
Note the annualised number is presented as an approximation by multiplying the monthly number by the square root of the number of months. Note that a number computed from annual data may differ materially from this estimate.
GoldCore investment portfolios were first developed in January 2008. The performance information presented represents back-tested performance based on combined index data and live mutual fund results from 1994 to 9/2009 using the strategy of buying holding and annually rebalancing globally diversified portfolios of largely passive index tracking funds.
Back-tested performance is hypothetical (it does not reflect trading in actual accounts) and is provided for informational purposes to indicate historical performance had the model portfolios been available over the relevant period. Prior to 2008, we did not manage client assets. However, we work with a major Institutional Fund Manager established in 1981 and who manage approx €100 Billion on behalf of 175 of the world’s top Institutional clients.
Our investment philosophy is based on the principles of Modern Portfolio Theory. Our model portfolios are designed to provide substantial global diversification in order to reduce investment concentration and the resulting increased risk caused by the volatility of individual companies, indexes, or asset classes. Client portfolios are monitored and rebalanced, taking into account risk exposure, transaction costs, and tax issues to maintain target asset allocations. Back-tested performance does not represent actual performance and should not be interpreted as an indication of such performance. Actual performance for client accounts may be materially lower than that of the model portfolios.
Back-tested performance results have certain inherent limitations. Such results do not represent the impact that material economic and market factors might have on an investment adviser's decision-making process if the adviser were actually managing client money. Back-tested performance also differs from actual performance because it is achieved through the retroactive application of model portfolios designed with the benefit of hindsight. As a result, the models theoretically may be changed from time to time to obtain more favorable performance results. Not all clients follow our recommendations and depending on unique and changing client and market situations we may customize the construction and implementation of an actual portfolio for particular clients, including the use of mutual funds, tax-mitigation techniques and rebalancing frequency and precision.
As with any investment strategy, there is potential for profit as well as the possibility of loss. Gold Core does not guarantee any minimum level of investment performance or the success of any model portfolio or investment strategy. All investments involve risk and investment recommendations will not always be profitable. Past performance is no guarantee of future investment returns.
GoldCore Ltd is regulated by the Financial Regulator
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