Summary

Long term Performance of paper money recommendations and real money investment portfolios based on them

Past performance is no guarantee of future success but it remains our Best Guess until human behaviour changes.

Track record of recommendations and funds based on them

Track Records

This chart shows the results of both recommendations for the two stock market RouteMaps and two kinds of long-only investment portfolios based on them, together with a global benchmark index, since Investors RouteMap was launched in April 2000. All results are expressed as total returns in US$. Recommendations are gross but Portfolios are net of all charges. See Paper Money and Real Money for analysis and commentary of recommendations and investment portfolios respectively

Product Upgrades

Like much software, there have been successive upgrades to Investors RouteMap. The live track is therefore a record of what was recommended at the time, rather than a constant but hypothetical back-testing exercise carried out after the event, which may not be repeatable in future.

       
  Date Upgrade  
       
  Apr-00 Initial launch of Bonds, Forex and Shares RouteMaps. Value and Trend strategies covering 50 countries and regions  
  Oct-00 Launch of Styles RouteMap. Trend strategies covering 6 economic sectors and investing styles in 6 regions  
  Apr-01 Expansion of Styles RouteMap from 6 to 9 economic sectors and investing styles  
  Aug-02 Launch of Assets RouteMap integrating Bonds, Forex and Shares RouteMaps in 6 regions  
  Jan-04 China (A Shares) added to Shares RouteMap coverage, but not included in aggregates until foreign restrictions lifted  
  Apr-05 Value strategies added to Styles RouteMap  
  Apr-05 Investment Sentiment strategies added to all RouteMaps  
  Oct-06 Expansion of Bonds RouteMap to include local currency sovereign bonds in emerging markets  
  Jan-08 Econometric forecasting models extended to include Styles RouteMap  
  Feb-08 Liquidity strategy in Shares RouteMap converted from nominal to real interest rates  
  Dec-08 P/E ratios converted from single year to cyclically-adjusted basis  
  Oct-09 Bond Indices Upgraded to represent 10 Year Government Bonds  
  Jan-10 Styles RouteMap coverage extended from 9 to 11 economic sectors and investing styles