Quarterly Update – Q1 2022
Global equities were the Listed portfolios’ main detractor from returns over the quarter. Although the BetaShares NASDAQ 100 and VanEck MSCI International Quality ETFs bounced back in March, both finished the quarter 10% lower, while the defensive sector exposures in Healthcare and Consumer Staples outperformed the broader market benchmark year-to-date. A number of portfolio changes were implemented in March, adjusting our global equities exposures to be better positioned for the current market conditions.
Dan Moradi, Portfolio Manager for Listed Products, provides an update on how the portfolios performed during the quarter and the rationale for the recent positioning changes. Dan explains that the Listed portfolios remain well-diversified and we continue to assess the threats of rising inflation, tightening monetary policy and potential expansion of the Russia/Ukraine conflict as new information comes to hand.
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