SRI 22% Portfolio Performance
Portfolio Strategy: Balanced
If you’re looking for a balance between risk and returns, this portfolio might suit you best – equities provide room for growth, while fixed income assets and gold still give a defensive edge.
At an SRI level of 22%, there’s a 99% chance that this portfolio will not lose more than 22% of its value in any given year.
Historical performance details
Commentary for H1
The first half of 2024 continued to see divergence among global asset classes. Equity markets were lifted by mega-cap technology companies, while fixed income markets were weighed down by sticky inflation and expectations of US rates staying higher for longer.
Equities continued to see further gains in the latter part of H1 as concerns over stronger-than-expected economic data and the prospect of stickier inflation subsided. Mega-cap US technology companies in particular remained a key driver behind the rally.
In fixed income, ERAA®'s allocations to ultra-short-dated US Treasury bonds – especially in our lower and medium-risk portfolios – helped to offset the drag from longer-dated US bonds, which have been weighed down by sticky inflation and expectations of US rate cuts being pushed further out.
ERAA®'s overweight allocations to gold supported our portfolios’ performance in H1. This was driven by a combination of factors, including demand due to geopolitical tensions and global central banks’ purchases. Looking ahead, we see both cyclical and structural opportunities in gold.
Portfolio asset allocation
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