Ultimate Stocks: 3rd quarter update
The Federal Reserve is on a rate hiking spree, the US government bond yield curve has inverted and the liquidity which drove US markets to record highs is being drained fast as investors seek safe haven assets. It's not surprising that even our high-quality companies have struggled in the circumstances.
In the year to date, to the end of September 2022 the S&P 500 had fallen 23%.
In light of the dreary headlines, the performance of Investor’s Champion’s Ultimate Stocks Portfolio is not too disappointing. A drop of 20.7% is slightly ahead of the market we benchmark it against.
Things are less rosy when we compare the performance of the portfolio to the FTSE All Share, which has held up far better than its counterpart in…
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