Portfolio Performance
| NAV | Year to Date | Since Launch | 2012 | |
| Beacon Cautious | 11.24 | +2.0% | +12.4% | +5.5% |
| Beacon Growth | 11.68 | +4.1% | +16.8% | +6.9% |
The portfolios returned 0.7% and 1.1% over the period, +0.1% and -0.2% against their relative benchmarks. Year to date outperformance against their benchmarks stands at 1.1% and 0.6%.
Markets continue to be dominated by macro issues, Syria and Fed “tapering” being the two main drivers in recent weeks. Concerns over Syrian intervention by the US and its potential impact on the region caused some volatility in the region but was abated as the rhetoric coming from the US lessened. Non-Farm Payrolls came in weaker than expected, raising the prospect of slower than expected tapering of asset purchases by the Fed at their next meeting in mid-September.
Europe and the UK continue to show improved macro-data, while Chinese statistics also raised expectations of improved growth worldwide. Emerging Markets continue to lag on concerns over liquidity, particularly in countries with poor fundamentals and current account deficits.
As at NAV Date 9th Sep 2013.
The Beacon Trust Cautious and Growth Portfolios were launched on the 23rd November 2009.
