Over the past four months, both the equity and bond markets have been on a tear. Thomas Becket, chief investment officer at Psigma and manager of the Higher Income portfolio, says: “It’s pretty obvious that the past six months have been a very easy time to be an investor.”
Over the four months between the end of February and the end of June, the portfolio returned 3.4%. Over the 12 months since its inception, it has yielded 3.5%. It is currently yielding 4.4%.