Performance review
The Cirilium Passive Portfolios all delivered positive returns over the quarter. The Conservative Passive Portfolio returned 2.9% and returns steadily improved moving up the risk levels to a 9.0% gain for the Adventurous Passive Portfolio.
Positive equity market returns drove the performance, in particular from emerging markets, where large companies benefitted from optimism around all things AI – Asian companies are large providers of AI related chips, processors and infrastructure. More broadly growth companies outperformed value companies following strong earnings growth announcements during the quarter.
