Portfolio Performance
| NAV | Year to Date | Since Launch | 2012 | |
| Beacon Cautious | 11.41 | +3.5% | +14.1% | +5.5% |
| Beacon Growth | 11.84 | +5.5% | +18.4% | +6.9% |
The portfolios returned 1.5% and 2.4% over the period; leaving year to date performance of +1.2% and +1.0% against their relative benchmarks and broadly neutral over the period.
The ECB cut its refinancing rate by 25bps to 0.5%, and further action could be on the horizon as headline inflation falls, stating they are technically ready for negative deposit rates,. A coalition government formed in Italy was another positive occurrence within Europe. Stateside, the concerns over the recent soft-patch of economic data were eased with non-farm payrolls beating expectations at +165,000, with revisions to previous two months, resulting in an unemployment rate of 7.5%.
Markets reacted positively to these developments; the S&P continues to hit record highs, as did the DAX, while the Nikkei reached its highest level since 2008. Bond yields continue to fall, with 10 year German yields down, while Spanish yields fell below 4% for the first time since 2010.
As at NAV Date 7th May 2013.
The Beacon Trust Cautious and Growth Portfolios were launched on the 23rd November 2009.
