Blokland Smart Multi-Asset Fund – April Factsheet: Modest Decline
Despite the turmoil in the markets, losses in April were limited to approximately -1%, entirely attributable to the weakening of the US dollar.
We have published the Blokland Smart Multi-Asset Fund Factsheet for April. Here are the key highlights from the past month:
📉 April Performance: The Blokland Smart Multi-Asset Fund delivered a return of -1.1% in April (Lead Series, net of fees), bringing the total return since inception in January 2024 to +21.1%.
🌍 Geopolitical Volatility: The trade war and aggressive import tariffs introduced by President Trump caused significant market swings, although conditions began to stabilise toward the end of the month.
💰 US Dollar Impact: The dollar weakened by 4.5% against the euro, which had a notable impact on the performance of US equities, dragging them down by around 4% in euro terms.
📈 Bitcoin: Bitcoin proved its worth, rising over 9% in euros and showing remarkable resilience compared to the downturn in equity markets.
🏅 Gold: Gold gained value in April, once again affirming its role as a robust diversifier within the portfolio.
🛑 The Emergency Brake: Thanks to the active deployment of the Emergency Brake, equity risk was significantly reduced. It helped protect the fund from steep losses by lowering overall portfolio volatility.
Please find the latest Factsheet here:
Interested in the Blokland Smart Multi-Asset Fund?
Contact me at jeroen@bloklandfund.com or visit the website.
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Kind regards,
Jeroen
