“Algorithmic Trading Portfolio shrank in value by 1.87% in November. Algorithms trading stock index futures contributed the most to the negative monthly result (-3.51%), lower losses were recorded in currency (-0.57%) and energy (-0.26%) asset classes. Bonds (+1.64%) and agricultural futures (+0.78%) were the two noticeably profitable sectors. Looking at the gains and losses filtered by individual instruments, the highest gains were earned using algorithms trading Euro Buxl (+0.70%), 30-year Ultra US (+0.54%) and Euro Bund (+0.51%) bonds. The most significant losses were in the German DAX (-1.53%), US S&P 500 (-1.52%) and Euro STOXX 50 (-0.96%) stock indexes.
Global stock markets have been spooked by a new strain of Covid 19. Major stock indexes, which started the month positive and broke their historical records, lost all the gains during the last week and ended the month with a negative result. Concerns over the new Covid variant had some impact on the energy sector as well. Most noticeable instrument was the crude oil where the maximum change in daily price was almost -12%, and the monthly result of November was below -20%.”, – commented fund manager Dr. Aistis Raudys.
Download the subfund M factsheet: