The S&P 500 just experienced its sharpest two-day decline since March 2020. The sell-off was triggered by geopolitical tensions and tariff-related concerns, prompting a broad risk-off move across global markets. In this update, we take a closer look at how Syfe’s managed portfolios have held up, and how they are positioned to navigate the road ahead
Income+: Strong YTD Performance Amid Market Swings
| (Return in SGD) |
3-Apr |
YTD(as of 3 April) |
| Income Preserve |
+0.2% |
+2.3% |
| Income Enhance |
-0.1% |
+2.1% |
| Bloomberg Global Aggregate Total Return Index Hedged SGD |
+0.5% |
+1.5% |
Source: Syfe Research, Bloomberg, PIMCO. Returns are shown gross of Syfe platform fees. Mutual fund performance is updated with a one-business-day lag. As of 3 April 2025.
Key drivers: Both Income+ portfolios held up well, in
stark contrast to the -10.7% sell-off in the S&P 500 over 3 and 4 April.
- Demand for safe-haven assets such as US Treasuries drove bond yields lower, supporting fixed income performance.
- With strong credit quality—A+ for Preserve and A- for Enhance—the portfolios were well positioned to withstand the risk-off environment.
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