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: EmergingNations-> August: -2.75% , QTD: 2.95% YTD: 7.02%
Benchmark (M1CXBRV - MSCI Emerging Markets ex China Net Return USD Index) -> August: 1.81% , QTD: 2.67% YTD: 11.32%
Best Performer: $MELI (MercadoLibre) 23.53%
Worst Performer: $JMIA (Jumia Technologies AG-ADR) -59.11%
Portfolio Indicated Dividend Yield: 2.81%
❓ Check out the portfolio fact sheet by clicking the following link: bullaware.com/factsheet/EmergingNations
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
