When I wanted to find out when this ISIN was registered and about the exchange it is listed, I didn't find any information about this ISIN outside of the Darwinex website, but the ISIN is valid."
INDX is also available through an institutional wrapper (ISIN CH1403552396) for investments over €100,000.
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So is it a real fund listed in Switzerland? 🤔
Has this 5 years performance been audited and tracked by a third party?
I don’t understand why you keep saying blackbox? In the YouTube webinar, it explains pretty much everything you’re questioning. Certainly more explanation than there is for any other single Darwin.When I wanted to find out when this ISIN was registered and about the exchange it is listed, I didn't find any information about this ISIN outside of the Darwinex website, but the ISIN is valid.
And there are 3 more net with 33k AuM for the blackbox.
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It is a blackbox as I understand it becauseI don’t understand why you keep saying blackbox? In the YouTube webinar, it explains pretty much everything you’re questioning. Certainly more explanation than there is for any other single Darwin.
Might be worth watching it all then - they did explain the drawdown (over exposure / correlation to NAS100 stocks via the Darwin holdings) and have since made adjustments to how the index is compiled to avoid this in future.It is a blackbox as I understand it because
- you don't see the price you get as they buy on the next day but investors have to order on previous day
- you don't see any of the Darwin's
- you do not even see the asset family (which shows the risk class) of the Darwins they are buying or holding
- you don't see the typical Darwin's key figures like the La attribute
They talk and explain a lot in the video which sounds nice, but IMO it is useless for getting an own opinion about the content of INDX.
I did not watch every minute, but from what I've seen there was no explanation for the DD and the monthly result in February 2025 which was the worst monthly loss in their monthly track record since 5 years.
Same with the max. DD since inception.
You only see the price of the previous close - you can't know what you buy.You can put an order in 1 hour before market close and it executes an hour later - is this really so bad? Buying an index fund such as SP500 (not ETF) is no different.
I think they did reduce the exposure to losing Darwins. They explain every Darwin in the index gets a 8.5% (or maybe it was 8%) stop loss, so I guess the exposure is reduced as the equities declined in Q1 - which is probably why INDX drawdown was not as severe as NAS100 (c.22%). Will be interesting to watch.You only see the price of the previous close - you can't know what you buy.
The minimum should be to show the asset family so also an investor can see the correlation between US indices (or stocks) and INDX.
As long as indices are rising, most stock Darwins follow this move - trading is not necessary.
As far as I can derive it from the performance chart, the max. DD also happened in the first quarter of 2025.
Why didn't or couldn't they reduce the share in the losing Darwins? They promised an adjustment - we'll see whether that works or not.
Another reason besides missing transparency and showing a realistic investor result (including fees) is the demand for a minimum investment of 10k - that is not an acceptable amount for the typical Darwin investor to try it out.
All explained in the INDX video. It’s an anti-martingale strategy to counter the martingale Darwins when their collective VAR reaches a high threshold. Rarely happens, but good hedge when it doesDWHV : 8 years and 160 trading days, strange stuff...
Trackrecords popping out of thin air.