European Index and ESB

It’s been a slightly less volatile week in the markets for most – unless you’ve been in the so called ‘meme stocks’. The major US indices have gained less than 1%, and most of that due to a half percent move up today. Across the water in Europe, we have seen a similarly calm week, but the CAC and the Dax have just managed to creep over that 1% marker. Once again the FTSE has underperformed with an increase of only 0.55%.

So, how have most of the traders done this week?

If we look at performances for June so far, we can see that the strategies run by London Equities have had the best few days. The European Stock Basket is up 3.3% and the European Index is up 3.9%. Futures is definitely their speciality and they are doing exactly what they were recruited to do. They run predominantly long books with the occasional futures spread, or temporary short sell if the market looks weak.

Both strategies have fantastic Sharpe Ratios of 3.55 and 2.57 respectively. European Stock Basket is also well placed for an incredible year, already posting 42.7% and a max drawdown of only 13.1%. Keeping the drawdown low is key for strategies to be trusted. Investors need to know that the traders won’t over leverage their position for the quick win. Our traders are professionals, and capital retention is important to them.

If you’ve been on these two strategies since the beginning of the year, you’ll be a very happy investor.

Have a great weekend and enjoy the sunshine.

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For more information please feel free to email us here, or book in a call with one of our directors to hear more.