1.
Commentary
September was an
uninspiring but low volatility month with the final result being slightly
under breakeven for our track record account. Our high frequency systems
have been underperforming in the current market conditions while our end of
day rotational system did not fare much better.
It has now been 8 months since our last significantly positive return,
however we are pleased that our drawdown has been kept to 2.9%. While we
wait for the markets to favour our current portfolio of systems we are busy
analysing and searching for more systems to add to the portfolio that will
boost returns in the mean time.
Patience can be tough during these times, especially when other asset
classes such as equities are posting strong returns. However our lack of
correlation with these equities classes is also a key reason why an
investment with Zone Capital provides value to a balanced portfolio. The
pain of flat performance while others are making profits is the price we pay
for this value.
For more information please
visit our website:
www.zonecapital.com.au
2.
Performance
|
|
Sep 09 |
Aug 09 |
|
%
Return |
(0.3%) |
(2.0%) |
|
3.
Track Record* Update
Cumulative
Performance
Summary Performance Statistics
|
|
Since Jan 04 |
|
Cumulative % return |
856% |
|
Annualised % return |
48% |
|
Maximum Drawdown |
18.7% |
|
Sharpe Ratio |
1.5 |
|
Sortino Ratio |
5.4 |
|
*Track Record, as presented, is based on the trading account of