Portfolio Performance
| NAV | Since Launch | Year to Date | 2012 | |
| Beacon Cautious | 11.13 | +11.3% | +1.0% | +5.5% |
| Beacon Growth | 11.42 | +14.2% | +1.8% | +6.9% |
The portfolios returned 0.2% and 0.3% over the period, resulting in new high valuations for both portfolios. The portfolios have outperformed by 1.1% and 1.0% respectively versus their benchmarks, year-to-date.
Political uncertainty in Italy and Cyprus caused some anxiety in European equity markets; which ended the phase in negative-territory for the year. European GDP Growth disappointed over the period; with both Germany and France positing declines for the 4th Quarter.
Stateside, the Federal Reserve minutes for January showed dissention over the pace of QE, which may prompt an earlier exit; a negative for equity markets which retreated from the recent highs. Gold too was a victim of this possible early exit, as well as reduced market fears, falling nearly $100 over the fortnight.
As at NAV Date 21st Feb 2013.
The Beacon Trust Cautious and Growth Portfolios were launched on the 23rd November 2009.
