Portfolio Performance
| NAV | Year to Date | Since Launch | 2012 | |
| Beacon Cautious | 11.22 | +1.8% | +12.2% | +5.5% |
| Beacon Growth | 11.61 | +3.5% | +16.1% | +6.9% |
The portfolios fell 2.8% and 3.8% over the period, behind by 1.2% and 0.7% respectively over the NAV period; leaving both portfolios +0.9% year-to-date against their relative benchmarks.
Japanese equity markets fell by over 16% during the period when market participants were disappointed with the lack of details regarding Abe-nomics “third arrow” of structural reform. The knock on-effect lead the MSCI Europe down 4.6% and Asian Pacific markets down 7.2%.
Economic data in the US remains robust, with non-farm payrolls in the US providing a positive end to the period with labour growth continuing to improve. On the back of the relevant strength of the US economy, the S&P fell by just 1.4%, recouping much of the negative returns resulting from Bernanke’s discussion of the possibility of tapering of QE in his testimony before Congress as well as in the FOMC minutes
As at NAV Date 7th June 2013.
The Beacon Trust Cautious and Growth Portfolios were launched on the 23rd November 2009.
