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Portfolio Mix

Click on the dial to see the conservative, moderate & aggressive portfolio strategies.

Asset Allocation
10%
Equities
10%
Indices
10%
Forex
10%
Commodities
50%
Bonds
Note: This is for illustrative purposes only and there is no obligation to accept the asset allocation provided by this tool. The Portfolio Mix is neither investment advice nor a suggestion on asset allocation to be adopted by the investors.
Instruments
Description
Trend
Trading Range
equites
Coca - Cola
Trend
Range $62.26 - $68.85
The iconic beverage company Coca-Cola has given a 13.13% return year-to-date, recently reporting earnings above consensus estimates. The company clocked in a net revenue of $11.9 billion for the third quarter, along with updating its 2024 organic revenue guidance to a 10% rise over last year’s revenue. They also updated adjusted net income growth to come in at 5% over last year’s figures. The company’s strong earnings were a result of strategic price increases, showcasing its ability to raise prices in an inflationary environment. It also shows the strength of the Coca-Cola brand, which is only possible with a consistent and favorable product mix as well as effective marketing campaigns. Consequently, the company enjoys a 32.08% EBITDA margin, much higher than the industry median of 21.88%. The company stands as a durable investment offering a 2.96% dividend yield that faces almost no significant disruption threats as it operates in a stable industry with a strong and iconic brand, making it harder for new entrants to compete easily.
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indeces
Norway 25
Trend
Range $1,300 - $1,425
The Norwegian economy is exhibiting signs of improvement. Core inflation has been on a steady downtrend for nearly a year, easing to 3.1% in September 2024. This marks the lowest level since April 2022. The Norges Bank has trailed the ECB and the Fed in easing monetary policy, particularly due to high wage growth and a fiscal budget that is more expansionary than originally anticipated. However, the central bank is prepared to cut rates either later this year or in early 2025 if inflation recedes further. Overall, the purchasing power of households is increasing. This is because the average annual wage growth is above 5% for the second straight year. The country has made hefty petroleum investments, and the export and tourism sectors are expected to be profitable. Given the uptick in public spending, Norway’s economy is expected to grow over the upcoming quarters. Moving forward, even the unemployment rate is expected to remain stable.
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forex
EUR/USD
Trend
Range 1.0656 to 1.1034
From a technical standpoint, the currency pair is facing a trendline support on a weekly timeframe, suggesting a bullish bias. From a fundamental perspective, the eurozone economy grew more than expected in Q3, thanks to Germany, which defied analyst expectations and dodged a recession. The euro area grew by 0.4% in Q3, beating expectations, consequently, analysts expect the eurozone business activity and consumer confidence to increase in the coming months. In line with the GDP readings, the preliminary reading of the Harmonized Index of Consumer Price for October also clocked hotter-than-expected actuals. Looking at the US, according to the preliminary release, the US economy grew by 2.8% in Q3, falling short of analyst expectations of 3.1% and down from the Q2 reading of 3%. In line with the same, market participants are pricing in a 96.2% probability of a 25-bps rate cut in the November meeting.
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commodities
Gold
Trend
Range $2,704 - $2,854
Gold reached an all-time high of $2,781 per ounce in October, resulting in a 35% rally YTD. The strong momentum was driven by safe-haven demand arising from geopolitics in the Middle East. Moreover, the tight US presidential elections between Donald Trump and Kamala Harris has further heightened volatility and highlighted the bullion's role as a safety net for investors. Currently, according to RealClearPolitics, Trump is leading Harris from 48.6 to 47.6. A second Trump presidency could bring greater policy disruption, trade tariffs, and enhanced geopolitical risks, increasing the attractiveness of gold. A strong US economy has dampened the prospects of a 50-bps rate cut in November, pushing yields and the dollar up and resulting in a slight price decline in the third week of October. However, any pullback can be used to build a position in the precious metal. Meanwhile, the Fed will likely cut rates by 25 bps next week, which is expected to aid gold's cause and maintain its upward bias throughout the rate cut cycle.
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bonds
iShares Core U.S. Aggregate Bond ETF
Trend
Range $93.61 - $103.46
The iShares Core U.S. Aggregate Bond ETF (AGG) is a prominent fund that closely tracks the Bloomberg Barclays U.S. Aggregate Bond Index, offering a comprehensive snapshot of the U.S. investment-grade bond market. With a diversified portfolio of over 8,000 bonds—including government, corporate, mortgage-backed, and asset-backed securities—AGG provides extensive coverage of the U.S. bond market. The ETF is designed for cost-efficiency, boasting a low expense ratio of 0.03%, well below industry standards, and manages over $100 billion in assets. AGG has delivered a three-month return of about 1%, year-to-date returns of 2.04%, and a one-year return of 10.33%, with a 12-month dividend yield of 3.57%. This makes it an attractive option for investors seeking broad exposure to U.S. bonds with minimal costs, offering the potential for income and capital appreciation.
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iShares iBoxx $ Investment Grade Corporate Bond ETF
Trend
Range $103.88 - $114.81
The iShares iBoxx $ Investment Grade Corporate Bond ETF (LQD) aims to mirror the performance of an index composed of U.S. dollar-denominated investment-grade corporate bonds. It provides investors with exposure to the high-quality segment of the corporate bond market, offering broad diversification across various sectors, maturities, and credit ratings. With a low expense ratio of 0.14% and strong liquidity, LQD is an attractive option for those seeking income and stability in the fixed-income space. The ETF has posted a three-month return of 1.5%, year-to-date returns of 2.14%, and a one-year return of 14.7%, along with a 12-month dividend yield of 4.34%. It carries moderate interest rate risk and low credit risk, with the majority of its holdings rated A or higher by major credit rating agencies. LQD is an excellent choice for investors seeking a reliable and well-diversified investment in the investment-grade corporate bond market.
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iShares 20+ Year Treasury Bond ETF
Trend
Range $87.42 - $96.63
The iShares 20+ Year Treasury Bond ETF (TLT) is designed to track the performance of long-term U.S. government bonds, specifically those with over 20 years of remaining maturity. This focus makes the fund particularly sensitive to changes in interest rates and inflation expectations. TLT is often favoured by investors who anticipate shifts in the Federal Reserve's monetary policy, especially during transitions from quantitative tightening to quantitative easing. Such shifts usually boost demand for long-term bonds, driving up their prices and lowering their yields, which in turn enhances the value of TLT’s underlying assets. The ETF has delivered a one-year return of 13.42%. With a low expense ratio of 0.15% and a 12-month dividend yield of 3.97%, combined with a strong history of dividend growth, TLT is an appealing choice for investors who expect a policy shift from the Fed in 2024, potentially leading to the appreciation of long-duration bonds.
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Vanguard Short-Term Corporate Bond Index
Trend
Range $74.64 - $82.49
The Vanguard Short-Term Corporate Bond Index (VCSH) is a mutual fund that focuses on high-quality corporate bonds with maturities between one and five years. Its primary goal is to provide investors with a stable and moderate level of current income while minimizing exposure to interest rate risk. The fund closely tracks the Bloomberg Barclays U.S. 1-5 Year Corporate Bond Index, which reflects the performance of U.S. dollar-denominated, investment-grade, fixed-rate bonds issued by companies in the industrial, utility, and financial sectors. With a remarkably low expense ratio of 0.04%, far below the industry average, VCSH has consistently outperformed its benchmark. The fund has delivered three-month returns of 1.7%, year-to-date returns of 4.5%, and one-year returns of 8.89%, along with a 12-month dividend yield of 3.74%. It is well-diversified across various sectors, including financials, consumer non-cyclical, communications, and technology. VCSH is an excellent choice for investors seeking income generation while prioritizing risk management and liquidity in their portfolios.
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Data Source: Bloomberg
Date: 1st November, 2024

Arun Leslie John
Chief Market Analyst

Deepa Sachanandani
Deputy Head - Research

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The product and investment ideas do not consider the risk profile and financial position of the recipient and may not be suitable for everyone.
Trading in financial markets involves a significant risk of loss, which can exceed deposits. Please read the complete disclaimer carefully.
DISCLAIMER: Century Financial Consultancy LLC (“CFC”) is Limited Liability Company incorporated under the Laws of UAE and is duly licensed and regulated by the Emirates Securities and Commodities Authority of UAE (SCA). This information is for illustrative proposes only and must not be construed to be an advice to invest or otherwise in any investment or financial product. CFC does not guarantee as to adequacy, accuracy, completeness or reliability of any information or data contained herein and under no circumstances whatsoever none of such information or data be construed as an advice or trading strategy or recommendation to deal (Buy/Sell) in any investment or financial product. CFC is not responsible or liable for any result, gain or loss, based on this information, in whole or in part. Please refer to the disclaimer section of the website for full disclosure of the terms and conditions.
Risks & Assumptions
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The strategy might suffer from look-ahead bias which occurs due to use of information or data in a study or simulation that would not have been known or available during the period being analyzed. This can lead to inaccurate results in the study or simulation.
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Future price movements may not be exactly the same as the historical price movements and this could lead to variation in performance.
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Testing can sometimes lead to over-optimization. This is a condition where performance results are tuned so high to the past they are no longer as accurate in the future.
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The model assumes no slippages in trading. Slippage refers to the difference between the expected price of a trade and the price at which the trade is actually executed.
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Drawdowns in actual trading can be higher than the tested system and loses could significant in the event of leverage.
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Unforeseen events can lead to variation in performance from the tested trading strategy.
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The tested result has been computed with price feeds available from Bloomberg.
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The testing environment has not considered transaction or any other costs.
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Trading indicators used for the purpose of testing has been provided by Bloomberg.
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The strategy might suffer from data mining fallacy, selection bias and backfill bias.