Introduction
In a sequence of articles, we analyzed the performance of some simple portfolios made up of two to four broad market global funds. Here, we analyze the performance of a portfolio of ten funds, including real estate, gold and corporate bonds. We shall use a dual momentum strategy very similar with the one used with all the other portfolios. The main difference is that instead of investing 100% in the top performing fund, here we invest equally in four funds. As we shall see, this portfolio has substantially lower volatility and lower drawdowns.
Here