Bank's own trackers
Bank's own trackers
- I'll leave out the name of the bank as that's not relevant at this point...
- Period covers nearly 9 years
- Investment was in the bank's own trackers, mostly European and across a variety of industries (finance, pharma, consumer goods,...)
- The first year showed an initial spike to +6% but closed at +1%
- The second year, the portfolio dropped to -8% while the European markets were still doing well (Euro Stoxx 600 grew by + 30% in those 2 years)
- The third year was even worse, ending at -32% while Europe as a whole was still doing OK
- Year 4 until 6 showed almost a flatline ending at -14% while Europe went through a hard crash (-35%) and veered back
- Year 7 until 9 brought the portfolio to +3% over a 9 year period, an incredibly feeble result although the Euro Stoxx achieved also a very modest +11%
- By means of comparison: 2 individual shares bought in the same period based on analyst recommendations also went through the crisis but came back to +3% after 5 years when I sold them
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