{"id":19061,"date":"2024-11-15T15:22:11","date_gmt":"2024-11-15T07:22:11","guid":{"rendered":"https:\/\/www.syfe.com\/magazine\/?p=19061"},"modified":"2025-08-27T14:13:53","modified_gmt":"2025-08-27T06:13:53","slug":"core-portfolios-outperform-benchmarks","status":"publish","type":"post","link":"https:\/\/www.syfe.com\/magazine\/core-portfolios-outperform-benchmarks\/","title":{"rendered":"October 2024: Core Portfolios All Outperform Benchmarks following Strategic Equity and Bond Adjustments"},"content":{"rendered":"\n

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Whilst October saw global assets take a breather, with investors adopting a more defensive stance ahead of the US election, it was another great month for our flagship Core portfolios, with each one outperforming their benchmark and peers. <\/p>\n\n\n

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Source: Syfe, Bloomberg. As of 31 October 2024, in SGD, Syfe model portfolio performance net of fund level fees and may include point-in-time backtested historical data. Benchmarks: Equity100 (MSCI ACWI), Core Growth (S&P Target Risk Growth), Core Balanced (S&P Target Risk Moderate), Core Defensive (S&P Target Risk Conservative).<\/em><\/figcaption><\/figure><\/div>\n\n\n

Core Equity100 portfolio<\/a> delivered a solid 0.7% return in SGD for October,<\/strong> bringing its year-to-date (YTD) performance to a healthy 16.6%. This resulted in outperformance compared to the benchmark MSCI All Country World Index, beating it by 0.3% for the month and 0.6% YTD.  We’re also pleased to report that this YTD performance is better than any of our peers.<\/p>\n\n\n\n

In addition, Core Growth<\/a><\/strong>, Core Balanced<\/a><\/strong>, Core Defensive<\/a><\/strong> each outperformed their benchmark delivering 0.9%, 1.1% and 1.2% respectively.<\/p>\n\n\n\n

This outperformance reflects the effectiveness of our, recently enhanced<\/a>, factor-driven strategy \u2014focusing on value, quality, size, and growth factors \u2014alongside additions in fixed income to strengthen stability and income potential. These adjustments have enhanced the portfolio\u2019s resilience and growth potential amid evolving market conditions.<\/p>\n\n\n\n

<\/td>Oct 2024<\/strong><\/td>YTD 2024<\/strong><\/td>8Y Annualised<\/strong><\/td><\/tr>
CORE PORTFOLIOS (allocation in equity-bond-gold)<\/strong><\/td><\/td><\/td><\/td><\/tr>
Core Equity100 (100% equity)<\/td>0.7%<\/td>16.6%<\/td>10.8%<\/td><\/tr>
Core Growth (70-25-5)<\/td>0.9%<\/td>13.1%<\/td>8.6%<\/td><\/tr>
Core Balanced (40-50-10)<\/td>1.1%<\/td>9.8%<\/td>5.3%<\/td><\/tr>
Core Defensive (20-70-10)<\/td>1.2%<\/td>7.2%<\/td>3.5%<\/td><\/tr>
BENCHMARKS (allocation in equity-bond-gold)<\/strong><\/td><\/td><\/td><\/td><\/tr>
MSCI ACWI (100% equity)<\/td>0.4%<\/td>16.0%<\/td>10.4%<\/td><\/tr>
S&P Target Risk Growth (60-40-0)<\/td>0.4%<\/td>10.2%<\/td>6.7%<\/td><\/tr>
S&P Target Risk Moderate (40-60-0)<\/td>0.5%<\/td>7.7%<\/td>4.8%<\/td><\/tr>
S&P Target Risk Conservative (30-70-0)<\/td>0.5%<\/td>6.4%<\/td>3.8%<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n

Equity Performance: Capturing Key Factor Gains<\/strong><\/h2>\n\n\n\n

The strategic factor tilts that have historically driven long-term returns, backed by academic research<\/a>, have helped the equity portion of all portfolios outperform for both October and YTD.<\/p>\n\n\n\n

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Source: Dimensional<\/figcaption><\/figure>\n\n\n\n

In October, notable contributors included:<\/p>\n\n\n\n