Solidum Prime Monthly Report for August 2019

Key highlights

  • Performance in August 2019: -23.72%

  • Performance in the last three months: -46.85%

  • Performance in the last six months: -6.61%

  • Assets Under Management: $268,684

  • Solidum Prime maintains 25 assets in the portfolio

Solidum Prime performance overview

Below is a chart comparing the Solidum Prime and the market benchmark performances for August 2019.

Solidum Prime performance Vs. market benchmark performance | August 2019

In August, the crypto market marked its second consecutive month of negative returns. While the crypto market recorded a monthly performance of -18.1%, Bitcoin ended August among the top performers, with a monthly performance of -6.2%. Altcoins continue to consolidate, as the top 24 altcoins (by market cap) lost between 11.6% and 39.9% in the past month.

For a more in-depth review of the market, check our Market Crypto Commentary for August 2019.

Last month, Solidum Prime underperformed the market, with a loss of -23.72%. Since the market continues to be dominated by Bitcoin, the MVIS strategy (used in the chart comparison above) displays a higher allocation of Bitcoin in their index, compared to the equal weight strategy of Solidum Prime. Therefore, it is reasonable that MVIS is outperforming in the current market sentiment. We believe that once Bitcoin starts to lose its dominance, altcoins will again be the primary choice of the new investors, such as this was the case in the first quarter of 2019.

Portfolio changes

We did not make any changes to the Solidum Prime portfolio in August.

Portfolio rebalancing

Solidum Prime maintains the same rebalancing structure, with the portfolio being rebalanced once per month— every first Monday of the month.

Important update: As of 1 October 2019, Solidum Prime was changed into Solidum Cautus - our new crypto fund with an advanced investment strategy and a new fee structure. Learn more about Solidum Cautus.

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DISCLAIMER: This article is for informational and discussion purposes only and does not constitute a marketing message, an investment survey, an investment recommendation, or investment advice. The article was prepared exclusively for a better understanding of market dynamics.

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