🚀 April 2024: Performance Update
Traditional markets around the globe
At the beginning of the second quarter, market volatility increased amid rising inflation and uncertainty about Federal Reserve actions in the USA. Expectations shifted from anticipating multiple rate cuts to possibly only one by year-end, reflecting doubts about the timing of monetary policy changes. April saw hot inflation data and mixed economic performance, fueling discussions of stagflation. This consequently affected all global stock markets from the S&P 500 (-4.1%) to the SMI (-4.0%) all major indexes were on a downward trend.
And how did Splint Invest’s portfolio manage these turbulent times?
April 2024 proved to be an exceptional month for luxury investments offered by Splint. Follow Mario, Head of Investments at Splint Invest, and his overview of last month's performance.
Categories under the the spotlight in April 2024
In April, the Splint Invest portfolio showcased a strong performance across various categories. Precious metals, fuelled by economic uncertainty, led the way with an impressive 5.0% increase, followed closely by our latest added categories sneakers at 2.6% and sports memorabilia at 2.2%. The car category also showed positive growth at 2.0%, while trading cards and art saw gains of 1.8% and 1.5%, respectively. Despite some fluctuations, the overall portfolio recorded a solid 1.2% increase, reflecting the diverse and resilient nature of alternative investments.
The "Watches" category displayed mixed results. While the De Bethune DB25VTIS3 and F.P Journe Octa gained 3.5% and 4.5% respectively, higher-priced watches experienced slight declines. We see similar patterns in the “Wine” category. Our latest “Bordeaux Royalty” portfolio increased by 6.0% and the Charmes-Chambertin Grand Cru, Les Mazoyeres by 8.0%, while other releases slightly lost in value.
Among the assets that saw a significant increase in valuation in April 2024 are:
- Tulips Cut in Glass by David Hockney (Art): +9.1%;
- Silver (Precious Metals): +6.3%;
- Bordeaux Royalty Portfolio (Wine): +6.0%;
- Nike Court Flare Air Jordan1, Jordan & Williams (Memorabilia): +5.6%;
- The Ferrari 328GTS (Cars): +4.7%;
- Nike, Air Max 1 Patta x Parra “Cherrywood” (Sneakers) +4.0%;
- Hermès Kelly Permabrass (Bag): 2.8%;
- Lego Trains Bundle (LEGO): 2.2%;
- De Bethune DB25VTIS3 watch: 3.5%;
Regarding the standout performer in our portfolio (Tulips Cut in Glass), we want to add some context. We achieved this impressive return within a short period, thanks to an opportunity stemming from a below-market-value acquisition. A client of Maddox urgently needed to liquidate their art holdings, allowing us to acquire this exceptional piece swiftly.
Discover the highlights of Splint Invest’s November performance! This month, art, sneakers, and sports cards led the way, with standout assets delivering impressive returns. Meanwhile, categories like diamonds and wine faced challenges but represent only a fraction of our portfolio. Learn about exciting trends, including our latest successful exit with Salvador Dalí's Hidden Faces, achieving a net profit of 12.8%.
Since October has now passed and we’re already into November, we’re excited to share Splint Invest’s monthly performance update. While some asset categories experienced seasonal slowdowns, others remained steady, showing strong growth. This update provides insights into key asset pricing, highlighting top performers and new investment opportunities.
As we wrap up August 2024, it's time to look back at how Splint Invest's alternative assets performed over the past month. While some categories faced expected slowdowns due to seasonal trends, several key assets demonstrated resilience and even notable growth. In particular, Pokémon cards, sports memorabilia, and sneakers outshone many traditional asset classes.
