The race is even and both DAX as well as PIF B (composed of the ten DAX companies with the lowest P/E and P/B values) increased with around 5% during the quarter and are now only -1% in comparison to the creation in May 2014.
My hopes are now again increasing for that the PIF B will start to perform better than DAX and if not then I am looking forward to the next drop to see how the performance will be then. The last time it was a big disappointment.
For the previous report please click on PIF B: October 2014.
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