June 2022 Market Commentary and Performance
June 2022 Market Commentary and Performance
| Portal Digital Fund | Horizon Index Fund |
| June: -8.3%* | June: -27.9% |
| YTD: -33.7% | YTD: -71.6% |
| 2021: +83.1% | Since Inception: -60.6% |
| Since Inception: +100.6% | |
Please find below the performance review and market commentary for June 2022, including our global macroeconomic analysis given current turbulent market conditions.
Market Commentary from Mark Witten, CIO
The intense volatility we have experienced since November 2021 continued and increased in June across all capital asset markets globally. Bitcoin dropped -37% from nearly $32K to just below $19K in June bringing the total loss for 2022 YTD to -60% in its worst month since 2011. The overall market as represented by the CCI30 Index was down -33% in June and is down -69% YTD. The Portal Digital Fund finished June down -8.3% net of fees and is down -33.7% YTD
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