Dear Investors,
Here is your monthly update for August 2024 ✨
August 2024 started with extreme volatility in global markets, with fears of a hard landing in the US economy and the expectancy of bigger rate cuts. During the month, markets recovered most of the losses, leading to a powerfull rally in most stock indexes.
During the Jackson Hole meeting, Jerome Powell made it clear that interest rate cuts are coming soon.
Gold reached all-time highs, while Oil and cryptoassets fell.
💭 Find out more about what happened in August with eToro's Smart Portfolios Monthly summary here: etoro.turtl.co/story/etoros-investment-office-performance-report-aug24/
Performance Stats: FashionPortfolio-> August: 2.41% , QTD: 2.17% YTD: 10.60%
Benchmark (DJUSRA - Dow Jones US Apparel Retailers Index) -> August: 3.83% , QTD: 5.87% YTD: 21.06%
Best Performer: $VSCO (Victoria's Secret & Co.) 32.17%
Worst Performer: $URBN (Urban Outfitters Inc.) -21.13%
Portfolio Indicated Dividend Yield: 1.74%
❓ Check out the portfolio fact sheet by clicking the following link: bullaware.com/factsheet/FashionPortfolio
This Smart Portfolio is a long-term investment vehicle. Therefore, since market trends can change over time, you should set realistic goals and assess your investment performance over a prolonged period.
Please remember past performance is not indicative of any future performance.... Show More
