July 2024 performance
It was a good month for bonds with longer duration holdings faring better than shorter dated ones. Global equities experienced more of a mixed month with UK and Japan positive over the month whilst the other regions posted negative returns. There was a rotation away from growth stocks (-2.5%) into value stocks (3.1%) throughout the month. Equity sector wise, Information Tech was the weakest performer (-3.6%) followed by Consumer Discretionary (-0.4%) and Financials (4.1%) and Utilities (5%) were the strongest performers.
All this resulted in stronger postive performance for our lower risk portfolios than our higher risk ones and in relative terms we lagged behind the IA Sectors slightly due to our overweight to US equities compared to peers. The Active range returned between 0.1% and 1.1%, the Sustainable range between 0.3% and 1.0%, and the Passive range returned between 0.3% and 1.2% across all three risk profiles. The Income portfolios enjoyed the strongest performance, due to the rotation into Value stocks, returning between 2.1% and 2.3% over the month.
Performance | YTD 2024
Year to date, all of our portfolios have experienced positive performance. The Passive range has experienced the strongest performance returning between 3.7% and 10.7%. The Sustainable portfolios have returned between 3.6% and 8.7% outperforming the Active and Income portfolios but sitting a little behind the Passive portfolios. The Income portfolios have experienced returns between 4.3% and 6.8% and are ahead of the Active range which has returned 3.3% to 6.9% this year so far. All ranges have enjoyed excellent relative performance, exceeding their comparative IA Sectors year to date.
Year to date 2024
Year to date, all of our portfolios have experienced positive performance. The Passive range has experienced the strongest performance returning between 3.7% and 10.7%. The Sustainable portfolios have returned between 3.6% and 8.7% outperforming the Active and Income portfolios but sitting a little behind the Passive portfolios. The Income portfolios have experienced returns between 4.3% and 6.8% and are ahead of the Active range which has returned 3.3% to 6.9% this year so far. All ranges have enjoyed excellent relative performance, exceeding their comparative IA Sectors year to date.
