Saxo, the online trading platform, revealed that its top performing equity-themed basket in July was ‘Cyber Security’, returning 5.1% last month.
An equity basket, according to Saxo, is a collection of stocks thematically identified by the company’s analysts to isolate an area of the market and act as inspiration for investors.
However, July was broadly a bad month for Saxo Group’s equity baskets with only two, ‘Cyber Security’ and ‘Battery’, outperforming the global MSCI World index.
July’s Saxo Group top performing Equity Themed Baskets
Equity Theme Basket
July Return (%)
Cyber Security
5.1%
Battery
3.1%
MSCI World (USD)
1.8%
India (GDRs)
1.3%
Financial Trading
-0.2%
Semiconductors
-0.4%
Green Transformation
-1.2%
Commodity Sector
-1.2%
Mega Caps
-1.7%
Logistics
-2.9%
Crypto & Blockchain
-5.0%
Travel
-5.6%
MSCI EM (USD)
-6.7%
Cannabis
-7.1%
NextGen Medicine
-7.2%
E-commerce
-7.3%
Gaming
-8.7%
Bubble Stocks
-10.7%
3D Printing
-11.1%
China Consumer & Technology
-11.9%
The low performance across the board came about mainly due to concerns over the Delta variant of Covid-19 and its impact on the global economy.
Peter Garnry, Head of Equity Strategy at Saxo Group, said the platform’s Cyber Security basket performed well in July for two key reasons: “The first was a strong earnings momentum for the industry. The second reason is that American President Joe Biden in July signed an official agreement, pledging to strengthen the US’ cyber security efforts and ensure that the country is prepared for future cyber attacks.”
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