Members of The Globe and Mail Investing Club have weathered a difficult summer marked by inflation and disappointing results from China
Savvy investors who gorge on economic data have faced a difficult period this summer: Stubborn inflation has bolstered bond yields and disappointing readings from China have pointed to a tough stretch for the world’s second-largest economy.
Over the past month, the Readers’ Portfolio has gained 1.8 per cent – a fine performance that, if annualized, would point to a return that easily tops the historical long-term average for equity mutual funds. Since its inception six months ago, the portfolio is up 17.9 per cent, including dividends. This longer-term performance also tops the S&P 500 and the S&P/TSX Composite Index, which are up 15.5 per cent and 5.3 per cent, respectively .
As you may recall, we put out a request near the start of the year, asking for submissions of up to three stocks that would be held for one year.
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