Wednesday, October 07, 2009

Moominmama Performance September 2009

Moominmama's portfolio gained 1.98% this month compared to the 4.62% gain in the MSCI World Index and a 3.73% gain in the S&P 500. That's not surprising as beta is only 0.47 - only one quarter of the portfolio is in unhedged stocks. Brazilian stocks were the strongest performer this month. The portfolio value is 12% below the all time high recorded in May 2008. The rate of return over one year is now 1.65%. Moom is also showing a positive one year return of 1.76% while the MSCI remains down 4.77% and the SPX down 6.91% over the same period. Moom's and Moominmama's portfolios are very different from each other. Moom has 60% or so in Australian stocks while Moominmama has no intentional Australian investments. So this is likely to just be a coincidence.

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