Quarterly Review
The Company announces that its quarterly review as at 31 March 2024 is now available, a summary of which is provided below.
- The Company announces that its quarterly review as at 31 March 2024 is now available, a summary of which is provided below.
- The full quarterly review is available on the Company’s website at:
The first quarter of the year saw further declines in inflation across most major economies, however with progress slower than expected, market sentiment turned to concern that the inflation fight would prove increasingly difficult for central banks over the final stretch. - The Company’s NAV total return in Q1 was +2.42% which outperformed the benchmark for the third consecutive quarter.
- In selling these bonds we were able to crystalise healthy capital gains which contributed to the Company’s outperformance versus the benchmark.