Dear Investors,
Here is your monthly update for October 2023 ✨
October brought a wild ride for stocks. The month started with promise, driven by positive economic data and lower bond yields. However, things took a sharp turn with surging bond yields, the Middle East conflict, and mounting financial concerns. The S&P 500 and Nasdaq 100 fell into 'correction' territory, with the Dow Jones going negative for the year. Amidst this volatility, company earnings took center stage, with Big Tech companies in the spotlight due to their significant weight in the indexes.
💭 Find out more about what happened in October with eToro's Smart Portfolios Monthly summary here: etoro.turtl.co/story/etoros-investment-office-performance-report-oct23/
Performance Stats: ChinaCar-> October: -5.84% , QTD: -5.84% YTD: 6.87%
Benchmark (SOLCEVIN - Solactive China Electric Vehicle and Battery Index NTR) -> October: -2.50% , QTD: -2.50% YTD: -25.37%
Best Performer: $2333.HK (Great Wall Motor) 16.92%
Worst Performer: $NIU (Niu Technologies-ADR) -23.67%
Portfolio Indicated Dividend Yield: 4.85%
❓ Check out the portfolio fact sheet by clicking the following link: factsheets.fundpeak.com/Report/B15339EEF2BAE7C22A6EEA1901D688CB926956885F67F70545DAEFEC9C2972E0
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
