Dear Investors,
Here is your monthly update for April 2024 ✨
April marked the start of Q2 2024 with negative returns in most equity markets, including pullbacks in the S&P 500 and Nasdaq-100.
Volatility was a key factor. With U.S. inflation continuing to report hotter-than-expected figures, market analysts remain uncertain about when the Federal Reserve will cut rates.
The earnings season began with mixed results, as some major tech companies posted two-digit performances, experiencing significant gains and losses. Bitcoin, gold, and other commodities also experienced a volatile month.
💭 Find out more about what happened in April with eToro's Smart Portfolios Monthly summary here: etoro.turtl.co/story/etoros-investment-office-performance-report-apr24/
Performance Stats: Chip-Tech-> April: -6.05% , QTD: -6.05% YTD: 2.16%
Benchmark (ICESEMIT - ICE Semiconductor Index (TR)) -> April: -5.26% , QTD: -5.26% YTD: 11.72%
Best Performer: $ALGM (Allegro MicroSystems Inc) 10.13%
Worst Performer: $INTC (Intel) -31.02%
Portfolio Indicated Dividend Yield: 0.46%
❓ Check out the portfolio fact sheet by clicking the following link: factsheets.fundpeak.com/Report/B15339EEF2BAE7C2902743AF8D338F39C0A33563AF61DEE588192731091E1EE7
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
