Robo War Experiment (RWE) Update – June 2023

This Opinion post first appeared in my blog here: https://pwlcm.wordpress.com/2023/07/05/robo-war-experiment-rwe-update-june-2023/

This is a performance update to my Robo War Experiment (RWE) posted here:
https://pwlcm.wordpress.com/2023/06/09/robo-war-experiment-rwe-update-may-2023/

Disclaimer: This post is just for educational sharing purposes. Please do your own due diligence on any products mentioned in this post.

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Performance Update

Here is the June 2023 Performance Update:

June was another month in 2023 where all 5 robo advisors and 3 benchmark indices have positive monthly performance. MoneyOwl portfolio and S&P 500 had the highest returns among the robo advisors and benchmark indices respectively.

In terms of XIRR since inception, Endowus portfolio went ahead to clock in a 2.62% return, almost matching MSCI World portfolio performance, and Syfe portfolio had just crossed the zero line to positive territory.

Key Observations

1. All 5 robo advisors and 3 benchmark indices have positive returns in June 2023.
2. MoneyOwl portfolio had the highest return of 6.21% among the robo advisors.
3. S&P 500 index took the crown among the indices with 6.53%.
4. Endowus XIRR since inception advanced to 2.62%, and Syfe just crossed the zero line to 0.28%.
5. June was the third month where all robo advisors have positive returns. The first and second were in January and April. Seems to be getting more frequent, perhaps signifying a return to bull market.

Referral Links

Endowus: https://endowus.com/invite?code=J6YV3
Syfe: https://www.syfe.com/invite/wealth/SRPTRJTFQ
StashAway: https://www.stashaway.sg/referrals/choonght43
MoneyOwl: https://moneyowl.com.sg/app/accounts/sign-up?referral_code=5FZY-58AG
SquirrelSave: https://app.squirrelsave.com.sg/Start/Referralcode?referralid=2996