Performance

Monthly and year to date portfolio performance

July 2022 performance

July brought some respite from the recent turbulence with markets rallying significantly across the board. Equity markets had a strong month with those sectors and regions that had suffered the most during the great rotation earlier in the year bouncing back the strongest. Small and mid-cap stocks had a good month relative to large cap stocks, and after being neck and neck last month, Growth significantly outperformed Value in July returning 11.3% vs 4.4%. Consumer Discretionary and Technology were the top performers sector wise, returning 15.2% and 12.9% respectively, a significant boost to our portfolios given our high weighting to Technology.

Bond markets also had a decent month, rallying as participants considered the increasing probability of future rate cuts on the back of an impending recession. Longer dated bonds performed better as yields at the longer end of the curve fell, nevertheless all maturities posted positive returns for the first time in months.

Combined, this resulted in a great month for our portfolios across the board. Our Sustainable models returned between 2.9% and 8.1%, outperforming both the Active and Passive ranges for the month and all ranges were ahead of their IA equivalents for the month.

July 2022 MPS Performance


Year to date 2022

A strong July has seen the improvement in relative portfolio performance continue. The Active portfolios have now joined the Passive portfolios in being ahead of their IA Sector counterparts YTD across all risk profiles.

The Sustainable range continues to experience the weakest performance due to the great rotation earlier in the year, however this underperformance has been chipped away by a positive June and July, and the Sustainable portfolios are now not too far behind their IA Sector counterparts YTD.

Similarly, YTD the Passives have outperformed the Active portfolios, but again the underperformance by the Active range has reduced given the strong performance over the last two months.

YTD - July 2022 MPS Performance

Our model portfolio service is designed to provide a balanced mix of growth and security to help clients meet their goals

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