RIA: Portfolio Performance Review – June 2024

In June 2024, riskier portfolios continued to benefit from stronger equity market performances.

The Very Aggressive portfolio gained 3.22% month-on-month, driven by a strong return of 4.57% from ASN Equity Global.

On the other spectrum, the Very Conservative portfolio gained a modest 0.55%. All risk portfolios returned positively, given that all underlying funds saw positive monthly gains last month.

Market Commentary – June 2024

In June 2024, markets showed resilience despite sticky inflation and mixed economic signals. Developed market equities gained 2.8%, led by large companies, while rate-sensitive small caps and REITs struggled.

US tech stocks, particularly those involved in artificial intelligence, performed strongly. European equities faced volatility due to French election concerns, but Asia ex-Japan equities benefited from Chinese real estate support and strong Taiwanese performance.

The Federal Reserve’s hawkish stance contrasted with the European Central Bank’s rate cut, reflecting diverse global economic conditions. Despite some setbacks, overall market momentum remained positive.

RIA Reminder – The Power of Consistent Long-Term Investing

A key success factor for long-term investing is consistency. By regularly investing in a diversified portfolio, investors can leverage the benefits of compounding growth.

This strategy not only mitigates the impact of market fluctuations but also fosters steady wealth accumulation over time. Emphasizing patience and discipline, this approach aligns with the enduring principle that time in the market often surpasses timing in the market.

Consistent contributions, regardless of market conditions, pave the way for financial stability and growth

RIA Info

Ria is an automated investment application by ASNB licensed under the Digital Investment Management (DIM) framework by the Securities Commission Malaysia.

Ria works by using algorithms and Modern Portfolio Theory to create and manage personalized investment portfolios.

After assessing your risk profile and investment preferences, Ria allocates your investments across a diverse selection of ASNB unit trust funds, aiming to optimize returns while minimizing risk.