Since 31 March 2020, QWI’s NAV has showed steady recovery, increasing by 13 percent from 95 cents to $1.07 as at 7 August.
QWI invests in a series of Blue Chip companies in Jamaica and a number of USA stocks. The Company’s US portfolio is up almost 34 percent in Jamaican dollar terms over the period up the end of July. This is better than the 2.7 percent loss in the main Jamaica Stock Exchange (JSE) index but below the 28 percent increase in the *MSCI ACWI.
During the period, the *S&P 500, which is a broader standard of the US market, fell by 30 percent.
* The MSCI ACWI is a market capitalization-weighted index designed to provide a broad measure of equity market performance throughout the world. The MSCI ACWI is maintained by Morgan Stanley Capital International (MSCI) and comprises stocks from 23 developed countries and 24 emerging markets.
*The S&P 500 is a stock market index that tracks the stocks of 500 large-cap U.S. companies. It represents the stock market’s performance by reporting the risks and returns of the biggest companies. Investors use it as the benchmark of the overall market, to which all other investments are compared.
As of 13 March 2020, the S&P 500 had an average 10-year annual return of 7.99 percent. S&P stands for Standard and Poor, the names of the two founding financial companies.