April 2023 Market Commentary and Performance
April 2023 Market Commentary and Performance
| Portal Digital Fund | Horizon Index Fund | Radiance Global Fund |
| April: -0.5% | April: -2.8% | April: -0.7% |
| YTD: +12.7% | YTD: +40.3% | YTD: +29.1% |
| Since Inception: +97.5% | Since Inception: -58.8% | Since Inception: -13.1% |
Download Portal Digital Fund Performance
Market Commentary from Mark Witten, CIO
April was a volatile month which began with a 10% rally in the first half and then suffered a sharp 12% fall into the second half on continuing concerns around inflation and further interest rate hikes, as well as hostility from the SEC. Bitcoin has been range-bound between $27k and $30k breaking through $30k for the first time since July 2021. The Portal Digital Fund finished April down -0.5% net of fees vs the market as represented by the CCI30 Index down -0.7%.