- Wealth PMS
April 2020 and YTD 2020 Performance Recap The indices rallied sharply from March and gained 13%. The Momentum portfolio had a more sedate month and ended only +3%.
YTD we're marginally down (-1%) compared to -25% & -24% for the NIFTY and NIFTY 500 respectively.
What's happening in May Markets remain choppy, which is not a great time for Momentum. But given the stocks that have crossed key thresholds has gone up significantly from last month, we are doing a larger scale rebalance, and reducing cash to just under 10%.
We will continue to monitor and could well . . .