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October market wrap: Jaaims delivers another month of outperformance

Equity markets have been volatile in the last couple months as the US Presidential Election and its impact on global equity, currency and bond markets weigh on the minds of investors.


Indeed, October was a month dominated by bearish activity – with the S&P 500, DAX, FTSE 100, and ASX 200 falling on average 4.03%; while the MSCI World Index dropped 3.61%.


Despite those broad-based declines, Jaaims delivered another month of outperformance. In October, our Model Portfolio (Standard Subscription) dipped 1.585%; year-to-date outperforming the Markets Index Average*.


Click here to discover which Jaaims subscription is best for you.


Below we briefly examine some of the key developments from our top 3 trade recommendations in October.


Xilix share price: +12.51%

Processing technology company Xilix has been on a tear in the last couple of months, after it was revealed that chip giant AMD had entered into a definitive agreement to acquire the company. As part of an all-stock deal, Xilinx shareholders will receive 1.7234 AMD shares for every Xilinx share held – in an ‘immediately accretive’ deal that is poised to create a $135 billion tech behemoth.


SeaLink Travel share price: +8.12%

The share price of tourist and travel services company SeaLink has drifted higher since late September, after it was announced that its subsidiary, Tower Transit Singapore, had been awarded two significant contracts for public bus services in Singapore.

The company estimated these contracts to be worth over S$1 billion over a 5-year period, while SeaLink’s CEO, Clint Feuerherdt described the news as a milestone for the company.


Netwealth share price: +8.10%

An impressive Business Update released in early October looks to have contributed to Netwealth’s recent share price performance – with the stock now up more than 100% since January.

For the quarter, Netwealth reported that funds under administration hit $34.0 billion, that net inflows increased an impressive 25.4%, and that managed account balances more than doubled.


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Want to get involved in the markets but not sure where to begin? Click here to start your 14-day FREE trial of Jaaims' automated trading platform right now. As part of your free trial, you'll get unrestricted access to:

· All of Jaaims' buy and sell equity recommendations

· Use of Jaaims' automated AI trading algorithm for trading up to 20 equities at once

· Data on Jaaims' return rate per equity (learn more about our results here)


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References


Model Portfolio: The Jaaims model portfolio is our default portfolio of 20 equities we use to monitor the performance of Jaaims. These equities were Jaaims' top picks at inception. You can add this portfolio and then modify the portfolio at any time once added to your portfolio.

*Markets Index Average: The average of the US S&P 500, DAX FTSE100 and ASX200 as detailed above.

Standard subscription: As each customer can build their own trading portfolio at Jaaims we have used build a model portfolio to illustrate a year to date result to showcase the returns over the illustrated period. Currently our Standard subscription is on special at $99 per month for six months - a saving of $300!

Broker Fees: Each Broker has their own fee schedule. For a list of our Brokers please visit our Broker page.