Portfolio Performance
| NAV | Year to Date | Since Launch | 2012 | |
| Beacon Cautious | 11.24 | +2.0% | +12.4% | +5.5% |
| Beacon Growth | 11.56 | +3.0% | +15.6% | +6.9% |
Both portfolios returned -0.3% over the period, underperforming their respective benchmarks, leaving relative year to date performance of +1.3% and +1.0%.
The period was one of weak economic data from the United States, and was intensified by poorer than expected Chinese GDP Figures. The Boston Marathon explosions also weighed on sentiment as markets sold off, and gold fell to its lowest price in two years, and had its biggest decline since 1983.
The Bank of Japan has increased both the quantity and pace of monetary easing as they seek to meet an inflation target of 2% over the next two years; further fuelling risk appetites and providing further liquidity to that from the Federal Reserve and Bank of England. Euro-periphery spreads continue to narrow as the search for yield endures; Ireland reaching multi-year low yields.
As at NAV Date 22nd April 2013.
The Beacon Trust Cautious and Growth Portfolios were launched on the 23rd November 2009.
