2020-Q4 Market Summary:
The US election, as the major event of Q4, is now behind us. The market reacted positively to the result and kept its strength afterward. Although the new and active cases of Covid-19 have been on the rise in the US and globally, the hope for vaccine development and more global economy opening have fueled the market to all the time highs on all major indices.
While still keeping the protections in place for any unexpected market activities, we also enjoyed the current momentum in the market. During the fourth quarter of 2020, Derivatix grew 6.5% in net profit after all fees. This helped the fund to stay at 10.3% net profit year to date after recovering the initial loss in Q1. At the same time, the S&P 500 was up 6.9% within the fourth quarter and 11.30% for the year to date. In the long run, Derivatix fund has made 18.5% net annual average return since inception 5 years ago compared to 11.3% annual return for the S&P 500 meanwhile.