June Performance Update: Riding The Risk-On Rebound
June was a softer month for the portfolio, as both Tactical ETFs and US Growth pulled back after a strong run earlier in the year. SG Dividend provided some stability and remained the only strategy in positive territory for the month.
Despite the June pullback, H1 remained a strong period overall. US Growth led the way with a 38.9% return, followed by SG Dividend at 21.0% and Tactical ETFs at 8.3%. The portfolio continues to benefit from a balanced mix of growth and dividend exposure, even as monthly volatility remains part of the journey.
Macro And Markets
From a macro standpoint, June was still dominated by inflation and central bank uncertainty. Reuters highlighted that investors were closely watching policy direction as inflation stayed elevated and rate expectations kept moving around. At the same time, geopolitical shocks and energy-price concerns continued to feed a more cautious tone in risk assets.
Markets themselves were split rather than uniformly weak. AI-linked names continued to support parts of global equities, especially in Asia, while some rate-sensitive and lower-quality risk assets remained under pressure. That kind of backdrop tends to favour selective positioning over broad beta, which is one reason a mixed portfolio structure still makes sense.
Closing Paragraph
Overall, June was a reminder that markets do not move in a straight line. The portfolio saw some giveback during the month, but the first half still ended with positive returns across all three sleeves, led by US Growth and supported by SG Dividend’s consistency.
Disclaimer: This article constitutes the author’s personal views and is for entertainment and educational purposes only. It is not to be construed as financial advice in any form. Please do your own research and seek advice from a qualified financial advisor. From time to time, I have positions in all or some of the mentioned stocks when publishing this article. This is a disclosure - not a recommendation to buy or sell stocks.