Another quarter has passed with trading our momentum models in the combined portfolio, and yet again we can look back at some very satisfying results.

The first three months of 2017 has resulted in a performance of more than 10% profit to date with January being a fantastic month generating more than +6%. If this kind of return can be continued we could look forward to more than +40% in performance in 2017.

However it’s clear from looking at performance statistics many years back that some years, we have a great start and a slow ending – or the other way around like seen last year. We are also looking at almost no draw-down up until now in 2017, which is a bit out of the ordinary.

We are expecting some sort of retracement in performance in the next months, since we are a bit out of the normal statistical range with the results up until now.