RMI Austria Worst 20

The Worst 20 style is about selecting the worst 20 percentile components from the Universe, which is ATX Prime here. This is a 6 month rebalanced portfolio and is more about worst outperforming the best and the universe. This style is not a cash conserving absolute return model, but about beating its respective peer universe. The Austrian Worst 20 delivered 12% annualized from September 2008, compared to -6% annualized for the respective benchmark (ATX PRIME). The WORST 20 also had a lower volatility (Standard Deviation @ 21%) compared to the benchmark ATX PRIME at 30%.