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: ShoppingCart-> August: 3.99% , QTD: 4.03% YTD: 16.50%
Benchmark (IBUYXT - EQM Online Retail Index) -> August: 0.49% , QTD: 2.36% YTD: 5.23%
Best Performer: $MELI (MercadoLibre) 23.53%
Worst Performer: $PDD (PDD Holdings Inc-ADR) -25.43%
Portfolio Indicated Dividend Yield: 0.50%
❓ Check out the portfolio fact sheet by clicking the following link: bullaware.com/factsheet/ShoppingCart
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
