🚀 May 2024: Performance Update
Traditional markets around the globe
"Sell in May and go away" is a common investment mantra, but this year, investors following it would have missed a 4% rise in the S&P 500 in May. Historically, November through April sees higher average returns (7%) compared to May through October (2%). May's strong performance was driven by weaker labor reports, better-than-expected inflation data, and resilient corporate earnings. Notably, the technology sector saw over 10% returns. Lower bond yields and the Fed's stable rate policy also contributed to market gains. Despite typical seasonal patterns, the market often reflects a range of complex economic and geopolitical factors. The SMI gained 6.2% in the same month, whereas the EuroStoxx 50 index increased by 1.2%.
How did Splint Invest’s portfolio manage these turbulent times?
May 2024 proved to be another promising month for luxury investments offered by Splint Invest. Follow Mario, Head of Investments at Splint Invest, and his overview of last month's performance.
Categories under the spotlight in May 2024
In May, the Splint Invest portfolio showcased a strong performance across various categories. Precious metals, fueled by economic uncertainty, led the way for the second month in a row with an impressive 6.4% increase, followed closely by our latest added categories: sneakers at 3.8% and sports memorabilia at 2.7%. The LEGO category also showed positive growth at 2.0%, while trading cards and art saw gains of 1.8% and 1.4%, respectively. Despite some fluctuations, the overall portfolio recorded a solid 1.4% increase, reflecting the diverse and resilient nature of alternative investments.
The "Watches" category displayed mixed results. While the F.P. Journe Octa gained 2.5% and the Audemars Piguet Royal Oak gained 1.7%, other references experienced slight declines. However, we can observe increasing demand on the secondary market, which is a promising sign for the upcoming months. We see similar patterns in the “Wine” category. The value of the Dom Perignon P2 bottles increased by 4.1%, while one of last month's winners, the Charmes-Chambertin Grand Cru, Les Mazoyeres, decreased by 5.9%.
Among the assets that saw a significant increase in valuation in May 2024 are:
- Silver bars, 3 x 15 kg, 999.0 (Precious Metals): +13.0%
- Palladium, 1 kg (Precious Metals): +7.4%
- Dom Perignon P2 (Wine): +4.1%
- Worn Stanford Nike Polo signed and inscribed by Tiger Woods (Memorabilia): +6.5%
- Ferrari 328GTS (Cars): +2.6%
- Nike MAG Back to the Future (Sneakers): +7.1%
- Hermès Kelly Permabrass (Bag): +1.9%
- LEGO Crocodile Locomotive (LEGO): +5.5%
- De Bethune DB25VTIS3 watch: +1.1%
- Albert Willem, Welcome To The Hotel Villa D'Este, 2023 (Art): +4.7%
Some of these investment opportunities are not yet fully sold out and you can still get a Splint for 50 EUR and therewith at a discount. Check out the app now.
Additionally, two assets were exited in May, marking another milestone in the history of Splint Invest. On May 24, 2024, the artwork “A difficult moment during the driving test” by Albert Willem was sold to a private collector, leading to a net realized return of 26.2% for the investors within 11 months. One week later, on May 31, 2024, the Scotch Whisky Casks – Blue Hill (Craigellachie) were exited, resulting in a net realized return of 21.3% within just 1.9 years.
