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: Fin-Tech-> August: 3.55% , QTD: 9.70% YTD: 11.99%
Benchmark (SOLFINT - Solactive FinTech Index) -> August: 3.88% , QTD: 10.39% YTD: 16.47%
Best Performer: $AFRM (Affirm) 55.57%
Worst Performer: $06060.HK (ZhongAn Online P&C Insurance) -24.10%
Portfolio Indicated Dividend Yield: 0.54%
❓ Check out the portfolio fact sheet by clicking the following link: bullaware.com/factsheet/Fin-Tech
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
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