Well, let’s bring some excitements to the table by looking at the results:
Derivatix finished the 2nd quarter of 2016 with 11.7% net profit while S&P500 was up only 2% meanwhile. That helped us to land at +44% net profit since inception 10 months ago. An administrator third party that analyzes transactions and produces financial statements for several funds including Derivatix, has confirmed that our fund’s performance has so far exceeded all of their other funds significantly. Still thinking we are boring!?
The other winners in this quarter were Amazon and Oil each around 20% gain. Within the entire year, Gold is still the main runner with about 24.5% increase in its value in 2016 and Derivatix is just behind it with 23% net profit this year. As for the entire competition since inception, Derivatix is the first runner with more than 44% net profit following by the two giant Techs – Amazon at 39.5% and Facebook at 28% gain. They have been following us neck to neck in 2016. S&P500 is up 3% for the year and 6% since inception.
Who are the big losers? Apple and Netflix dropped more than 10% in this quarter. Netflix also shares the worst performers of the year title along with Bank of America each at 20% loss. More detail here.
We had a very good fund raising period in Jun. 2016 through additional contributions from our existing investors as well as new investors’ entrance. The fund is now about 8 times larger than was at inception 10 months ago, as a result of keeping our track record in a great shape and continuous trust from our partners.