It was a great start to the year for investors. Corporate earnings remained robust and equity markets, with only a few notable exceptions, charged ahead. With these stronger company results, good US employment data and some stickier inflation numbers, government bonds declined a little while corporate bonds did slightly better, but still suffered losses as bond markets cooled following the very strong rally they enjoyed in the last quarter of 2023. Against this backdrop, the CaerusSelect Portfolios generated strong returns right across the risk spectrum.
