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Global sectors portfolio weighs on DB’s DMP performance


Despite the plunge that followed the US elections, the US equity market (SPY) was able to recover most of the lost ground in order to close the month of November with a 0.57 per cent gain.

The broad US fixed income market (BND) was practically flat, and the commodity market (DBC) rallied by almost 2.0 per cent during the same period.

Deutsche Bank’s Diversified Momentum ETF Portfolio (DMP) was down by 0.79 per cent in November, while the equity market and the firm’s multi asset class benchmark were up by 0.57 per cent and 0.69 per cent, respectively.

Most of the portfolios, with the exception of commodities, experienced almost a complete membership reconstitution. In terms of portfolio weights, global sectors remain the top allocation with 40 per cent, followed by currencies, commodities, and treasuries with 30 per cent, 20 per cent, and 10 per cent, respectively.

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