Portfolio Performance
| NAV | Year to Date | Since Launch | 2012 | |
| Beacon Cautious | 11.04 | +0.2% | +10.4% | +5.5% |
| Beacon Growth | 11.37 | +1.3% | +13.7% | +6.9% |
The portfolios fell 1.6% and 2.1% over the period, ahead of their relative benchmark by 0.2% and 0.3% respectively over the NAV period; leaving both portfolios ahead by +1.1% year-to-date.
Markets were led lower across the board by the prospect of “tapering” of the QE programmes in the US by the Fed. Improved forecasts for economic growth allowed the FOMC open the possibility of beginning their tapering “later this year”, riling market participants facing the prospect of a reduction of the excess liquidity in markets.
Risk positions, which had been stretched, were cut sharply; US 10 year yields spiked to 2.53% from 2.17%, the first time above 2.5% since April 2011; Gold fell below $1300 for the first time since Sep 2010, and the S&P 500 by 3.6% over two-days after the announcement. Market movements were indiscriminate; only the USD and Japanese Equities provided positive returns across all asset classes.
As at NAV Date 21st June 2013.
The Beacon Trust Cautious and Growth Portfolios were launched on the 23rd November 2009.
