Performance review
The Cirilium Portfolios all delivered positive returns over the quarter. The Conservative Portfolio returned 2.0% and returns steadily improved moving up the risk levels to a 6.0% gain for the Adventurous Portfolio.
Positive equity market returns drove 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.
