Portal Digital Fund Horizon Index Fund Radiance Global Fund February: +0.2% February: +2.7% February: 0% YTD: +10.7% YTD: +38.1% YTD: +30.9% Since Inception: +93.8% Since Inception: -56.6% Since Inception: -11.8% Market Commentary from Mark Witten, CIO In analysing the difficult year that was 2022 we believe that all the challenges faced by both the global […]
Tag Archives: MARKET COMMENTARY
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February 2023 Market Commentary and Performance
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March 2023 Market Commentary and Performance
Portal Digital Fund Horizon Index Fund Radiance Global Fund February: +3.2 February: +4.5% February: -0.87% YTD: +13.4% YTD: +44.3% YTD: +29.78% Since Inception: +98.5% Since Inception: -32.2% Since Inception: -17.13% March was a tale of two halves as the market initially feel around 15% in the first 10 days of the month before rallying 21% to […]
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December 2022 Market Commentary and Performance
Portal Digital Fund Horizon Index Fund Radiance Global Fund December: -3.4% December: -16.9% December: -14.27% YTD: -42.1% YTD: -77.7% YTD: -36.15% 2021: +83.1% Since Inception: -77.7% Since Inception: –36.15% Since Inception: +75.1% Market Commentary from Mark Witten, CIO December was a choppy month that saw the market initially rally 5% and then fall around 15% […]
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Portal’s May Market Commentary
INTRODUCTION This has been the strangest three months the world has witnessed since 9-11. The COVID-19 pandemic has triggered an extraordinary policy response globally due to the depth and magnitude of the economic drop-off due to the global lockdown. This has spurred quantitative easing (QE) and the direct monetisation of massive fiscal spending to levels […]
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Quarterly Update Digital Assets Market Commentary
INTRODUCTION As the saying goes: “A rising tide lifts all boats”. In this case it seems the tsunami of excess liquidity is pushing asset valuations globally as the Great Reflation injects unlimited QE and the search for yield continues. This is great for asset holders, but bad for inflationary expectations and main street. With oil […]
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October 2021 Market Commentary and Performance
October proved to be a massive month for the cryptocurrency and digital asset markets. Market Overview: October proved to be a massive month for the cryptocurrency and digital asset markets. After a weak September, Bitcoin (BTC) jumped 10% on the 1st of October, sparked by Federal Reserve Chairman Jerome Powell testifying before Congress that he […]
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January 2022 Newsletter and Market Commentary
January -11.7%* YTD 37.2% 12 Months -11.7% To view this email in PDF, click here. Market Commentary January continued the risk-off environment that began in mid-November 2021 across all asset classes. As we stated in our “Portal 2022 Outlook” report we believe that “Inflation is being vastly underestimated – rates are going to rise […]
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February 2022 Newsletter and Market Commentary
Portal Digital Fund February: -0.5%* 2021: 83.1% YTD: -12.1% Since Inception: 165.8% Horizon Index Fund February: -6.9% YTD: -35.5% Since Inception: -30.6% Market Commentary from Mark Witten, CIO Cryptocurrencies and digital assets (“crypto assets”) have now been embraced as a conventional asset class by most investment professionals and are now discussed daily in all major […]
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March 2022 Newsletter and Market Commentary
Portal Digital Fund Horizon Index Fund March: +6.1%* March: +19.1% 2021: 83.1% YTD: -23% YTD: -8.2% Since Inception: -23% Since Inception: 161.8% Please find below the March market commentary for Q1 2022, including our global macroeconomic outlook and recent relevant headlines. Market Commentary from Mark Witten, CIO Investors are facing a rising number of daunting challenges. These […]
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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 […]