Continuously positive economic news in Q1 2017 saw global stock markets finish the quarter on a strong note. Q1 2017 proved to be the best start to the year for equities since 2012+. Over the quarter, bonds were flat reflecting positive economic data and the focus on rising interest rates. Stock markets did show nervousness in March at times after months of euphoria. This was driven by the failure of the Trump administration to push through healthcare reforms and the triggering of Article 50 by the UK.
It is within this context, that each iFunds generated positive returns in the first quarter of this year. Key contributors to performance have obviously been the equity exposure and the range of equity funds that iFunds has access to. All component funds however contributed positively to these numbers. Of perhaps more note, is the performance of the range, and in particular iFunds 3, during the market wobble in March. While March saw lacklustre performance, iFunds had a strong March, with all funds generating positive returns.
* Source: Investment Markets, BOI Group, April 2017.
Full detail of the report can be found here: New Ireland I Funds Quarterly Report
Warning: The value of your investment can go down as well as up.
Warning: iFunds may be affected by changes in currency exchange rates.
Warning: If you invest in iFunds you may lose some or all of the money you invest.
Warning: Past performance is not a reliable guide to future performance.
Inception / launch date of each iFunds is close of business 14/02/2014. Performance quoted to 31/03/2017 and is gross of tax and charges. Please refer to the final page of report for further information.
All volatility figures are annualised.