iPRO Growth Fund is an investment fund combining a majority of Mauritian and foreign stocks, and a minority of fixed income investments aimed at reducing performance volatility.
IPRO Growth Fund Ltd. posted a 1.7% gain in October 2021, consolidating its 12-month performance to 21.9% with local and international assets both contributing to the fund’s growth this month.
Locally, SEMTRI has continued its momentum despite high debt levels, mainly in the leisure and tourism sector. However, given the worrying health situation prevailing on the island, market prices as well as liquidity could be affected in the coming months.
Internationally, equity markets rebounded this month. However, with the macroeconomic backdrop remaining uncertain, the market will face several challenges, including high inflation levels, supply chain disruptions and labor shortages in several regions of the world. The Fed has also announced that it will reduce its asset purchases in November. Therefore, we believe that a cautious approach should continue to be advocated.