RIT Capital Partners PLC Fund Data

Global equities were mixed in September as bond yields rose materially and oil prices remained elevated. The notable exception was the technology sector, with gains led by a narrow group of semiconductor and AI infrastructure companies. Against this backdrop of concentrated market leadership, performance of our globally diversified portfolio was modestly lower over the month. As a reminder, our principal exposure to technology and AI is via our Private Investments pillar. Overall, we retain a balanced allocation, mindful of the risks building in markets whilst remaining selective in our exposure to leading themes and alert to emerging value opportunities.

Global equities were mixed in September as bond yields rose materially and oil prices remained elevated. The notable exception was the technology sector, with gains led by a narrow group of semiconductor and AI infrastructure companies. Against this backdrop of concentrated market leadership, performance of our globally diversified portfolio was modestly lower over the month. As a reminder, our principal exposure to technology and AI is via our Private Investments pillar. Overall, we retain a balanced allocation, mindful of the risks building in markets whilst remaining selective in our exposure to leading themes and alert to emerging value opportunities.