Happy New Year from all of us at First National Wealth Management! As the final quarter of 2024 drew to a close, markets experienced a blend of resilience and volatility, influenced by evolving monetary policy and global economic shifts. Despite persistent geopolitical uncertainties and varying sector performances, investor sentiment remained cautiously optimistic.
First National Wealth Management Fund Models Review:
- Growth Models: Tech-driven growth funds delivered robust returns, fueled by advancements in AI and cloud computing. However, valuations in this space warrant caution as market corrections could impact short-term performance.
- Income Models: Income-focused portfolios benefited from resilient dividend-paying stocks and improving bond yields as fixed-income markets stabilized in response to Federal Reserve actions.
- Balanced Models: Balanced funds provided steady performance, leveraging gains in equity markets while mitigating risks with fixed-income allocations.
These results reaffirm the importance of tailoring fund selection to individual risk tolerance and financial goals.
Read the full newsletter here: Fourth Quarter 2024 Market Update