PAANDA Small - Q1.21 Look Back

· View 1,301

Private AuM

Total (EUR): 37 617

Valuation per Segment

Physical assets: 11 000

Digital assets: 6 000

Liquid assets: 20 617

Growth (AuM)

Total (EUR): +27 714

Q1/21 (EUR): +2 759

Download the full trading history (liquid assets only)

waiting for FM to add EUR accounts so we can link the strategy


30% Indices: China, Europe

20% Metals: Gold, Silver

50% Cash

Risk Functions

Invests no more than 200% of the principal (leverage <= 2:1)

Value at Risk (Var) on open positions average 3%

Global Strategy

Macro with focus on demographic and capital flow events

The current main view and scenario is:

  • hyperinflation risks in the US (and USD drop)
  • slow and steady inflation trend in Europe
  • the shift in economic power and leadership from West to East

In the Markets

We currently play a:

  • USD neutral 91-89 on DXY, and breaking below,
  • US markets to remain stable, with a limited upside risk
  • EUR markets to remain stable, with a limited downside risk
  • ASIAN markets to remain volatile but stable, in consolidation of 2020 growth
  • COMMODITIES to remain stable or gradually trading higher

To sum up, we expect this boring market to remain boring in the next 3 to 6 months period if no huge event comes to precipitate the inflationist topic and narrative... that finally emerged!

Current Exposure

Indices > Long China A50 x Short EuroStoxx 50 (5:1 spread)

Metals > Long Gold x Short Silver (1:1 spread)

Note from the desk

Yes, China did it! 20.000 reached!

We sold most of our long between 19K and 20K.

Sellers were not that far, as the market already retraced back 15% of its gains at the moment I'm writing these lines. Chinese stocks are fantastic!

On stocks, we will be waiting for the price to come back between 17 and 15K / or trading above 20K, to re-engage in China.

On Metals, we will start to gradually turn our exposure from neutral to long during Q2.

On Cryptos, we have sold in:

ETH between 1250 and 1490 in EUR

CRO (partially) at 0.19 in EUR

Future will tell...


Edited 22 Jun 2021, 11:23

Disclaimer: The content above represents only the views of the author or guest. It does not represent any views or positions of FOLLOWME and does not mean that FOLLOWME agrees with its statement or description, nor does it constitute any investment advice. For all actions taken by visitors based on information provided by the FOLLOWME community, the community does not assume any form of liability unless otherwise expressly promised in writing.

Total 20 FCOIN reward


No older comments, be the first to grab the sofa.