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 2.95%.
Despite those broad-based declines, Jaaims delivered another month of outperformance. In October, our Model Portfolio (Standard Subscription) dipped 1.585%; while our Model Portfolio (Professional Subscription) fell just 0.66%. Year-to-date both portfolios continue to outperform the MSCI World Index.
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.
Total Trade Recommendations: 1037
Success Rate: 48.23%
Average Return of Successful Trades: 1.92%
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
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· Data on Jaaims' return rate per equity (learn more about our results here)