April 2022 Market Commentary and Performance Portal Digital Fund and Horizon Index Fund
April 2022 Market Commentary and Performance Portal Digital Fund and Horizon Index Fund
| Portal Digital Fund | Horizon Index Fund |
April: -6.2%* | April: -26.7% |
| YTD: -13.9% | YTD: -43.6% |
| 2021: +83.1% | Since Inception: -43.6% |
| Since Inception: +160.6% |
Market Commentary from Mark Witten, CIO
April was a turbulent month across the entire investment landscape as US fixed income yields spiked and this caused monthly declines across all risk assets, most notably tech stocks as per the graphic below, which cryptocurrency and digital assets (“crypto assets”) continue to be correlated with in the short-term. The Portal Digital Fund was down -6.2% versus Bitcoin down -17.3% and the broader market as represented by the CCI30 Index down -25.3% in April. We are pleased that we have also reached the milestone of our full two-year audited track record for the Portal Digital Fund.
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Download Portal Digital Fund performance.
Download Horizon Index fund performance.