Portfolio Performance
| NAV | Year to Date | Since Launch | 2012 | |
| Beacon Cautious | 11.30 | +2.5% | +13.0% | +5.5% |
| Beacon Growth | 11.76 | +4.8% | +17.6% | +6.9% |
The portfolios added 0.8% and 1.3% over the period, -0.6% and -0.2% versus their relative benchmarks. Year to date performance stands at 2.5% and 4.8%; outperforming the benchmarks by +1.2% and +1.1%.
Markets continued the positive tone on the back of sustained improvements in Jobless Claims figures in the US, tied with assurances from Bernanke during testimony to congress that tapering is not predetermined and will continue to be dependent on economic conditions. Bond, commodity and FX markets continue to retrace recent moves; US 10-year yields fell from 2.64% to 2.48% while Gold finished back above $1330.
In Japan, the LDP won the majority of seats as expected; giving Prime Minister Abe three years to implement his structural reform policies, which we should expect to hear more of in the coming months. Three such uninterrupted years of government has only happened once in the last 25 years in Japan.
As at NAV Date 22nd July 2013.
The Beacon Trust Cautious and Growth Portfolios were launched on the 23rd November 2009.
