- Endowus portfolios generally fared well compared to benchmark indexes and competitors in the third quarter, and further exemplifies the importance of strategic asset allocation.
- ESG equities portfolio generated another solid quarter with a +2.3% return, and was our best performing equities portfolio for Q3 2021. Year-to-date numbers are now +14.3%.
- Cash/SRS equities portfolio had a muted quarter and gave up gains in September after strong returns in July and August, ending the quarter -0.2%. Year-to-date numbers for equities held up at +15.5%. Our CPF equities portfolio returns were -0.1% for Q3 and +13.4% YTD.
- Fixed income portfolios generally corrected during September but managed to protect capital during Q3, ending the quarter largely flat. The Cash/SRS portfolio was +0.1% and CPF 0.0%, while the ESG fixed income portfolio again produced stellar results with a +0.2% return. These results compared favourably to the benchmark Global Aggregate Index which returned -0.5% for Q3.
Key Highlights
