Dear Investors,
Here is your monthly update for January 2024 ✨
In January, the S&P 500 hit new all-time highs, a significant milestone since it marked the first time the index reached such levels since January 2022. This positive movement was buoyed by consumer discretionary and tech sectors, which were among the biggest gainers.
The US economy showed strong economic growth in the last quarter of 2023, with a GDP growth rate of 3.3%. Inflation data was promising, with the core PCE inflation running at the Federal Reserve's target of 2%. However, the Federal Reserve's tough stance towards the end of the month tempered expectations for a rate cut in March, contributing to a complex macroeconomic environment.
Additionally, cryptoasset market saw volatility following the US SEC's approval of Bitcoin ETFs. The cryptoasset was volatile, eventually closing the month stable.
💭 Find out more about what happened in January with eToro's Smart Portfolios Monthly summary here: etoro.turtl.co/story/etoros-investment-office-performance-report-jan24/
Performance Stats: AsianDragons-> January: -2.91% , QTD: -2.91% YTD: -2.91%
Benchmark (ACDAPR - FTSE Developed Asia Pacific All Cap Net Tax (US RIC) Index) -> January: -0.10% , QTD: -0.10% YTD: -0.10%
Best Performer: $TM (Toyota Motor Corporation-ADR) 8.90%
Worst Performer: $PKX (Posco - ADR) -17.99%
Portfolio Indicated Dividend Yield: 2.52%
❓ Check out the portfolio fact sheet by clicking the following link: factsheets.fundpeak.com/Report/B15339EEF2BAE7C22A6EEA1901D688CBEAFA5394E8CFA06250F2546A0E364CFD
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
