The first months of 2019 were rich in developments at Evovest.
At the company level, the team is greatly enriched with the arrival of Benoit Robert as Director of Business Development. The entrepreneurial and institutional finance experience of this founding member of Newcrest Capital adds significant depth to the team’s talents. Evovest has also been active in many forums:
Finally, the highlight of this first quarter was undoubtedly the launch of the Evovest Global Equity Fund. The fund, which is administered by Majestic Asset Management, and where we act as the portfolio manager, allows accredited investors to gain exposure to global markets using our machine learning models.
You can follow our LinkedIn page for continuous updates on the state of our activities.
Our Global Equity strategy is equally invested in an average of 100 securities across the globe. The strategy has produced a 3.2% return since its launch on January 31, the same as its benchmark, the MSCI World Equal Weighted, but with reduced volatility.
|Daily Hit Rate||NA||47.7%|
Our North American Equities strategy is equally invested in 50 US and Canadian equities on an equal basis between the two countries. The strategy has produced a 10.7% return since its inception. This performance compares favorably with the benchmark, which performed 6.5%.
|Daily Hit Rate||NA||52.7%|
The neutral counterpart to the North American strategy has achieved a return of 4.3% since its launch on November 1, 2018, while having a Beta close to 0. The strategy is equally invested in 50 long and 50 short US and Canadian equities.
|Daily Hit Rate||52.0%|
Since the last quarter of 2018, our strategies have taken a more defensive stance against the market, favoring high dividend and low volatility stocks. This will have been beneficial over the period, despite the recovery experienced by the market at the beginning of the year.
For the current period, our strategies are now adopting a more optimistic positioning.
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