Portfolio - Profit taking in long JPY/CNY
The best-trade portfolio generated positive performance in April, driven by all asset classes. The best performing trades were long JPY/CNY, long commodities as well as long IR and EQ in Brazil.
We took profit in long JPY/CNY, because the cyclical downside risk has increased in Japan’s economy, which has the potential to limit the upside in this trade.
ThirdYear Capital is a provider of global macro strategy and portfolios, focusing on systematic countercyclical investing.
For additional information and contact, please refer to our website: http://third-year.com/
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