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: Chip-Tech-> August: -3.32% , QTD: -8.21% YTD: 6.95%
Benchmark (ICESEMIT - ICE Semiconductor Index (TR)) -> August: -1.72% , QTD: -6.21% YTD: 21.04%
Best Performer: $MRVL (Marvell Technology Group Ltd) 13.83%
Worst Performer: $WOLF (Wolfspeed Inc) -48.28%
Portfolio Indicated Dividend Yield: 0.53%
❓ Check out the portfolio fact sheet by clicking the following link: bullaware.com/factsheet/Chip-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
