Conservative portfolios continue to deliver on their objectives despite slightly higher volatility at the end of June 2026

This article complements our recent series reviewing the performance of inbestMe’s investment portfolios as of the end of June 2026.

Here, we focus on the most conservative solutions within our portfolio range.

Overall, inbestMe’s conservative portfolios—Savings Portfolios, Target Portfolios and Bond Portfolios—continue to fulfil their purpose of delivering attractive returns with either virtually no volatility (Savings Portfolios) or low volatility (Bond Portfolios). They are particularly well suited to investors with a low risk tolerance or those saving towards short-term financial goals while keeping risk under control.

The Euro Savings Portfolio outperforms bank deposits by more than 2%

The Euro Savings Portfolio has continued to fulfil the role it was designed for: providing returns closely aligned with official interest rates while maintaining minimal risk, with virtually no volatility or drawdowns. It is therefore an ideal solution for managing short-term savings or an emergency fund.

Following the latest ECB rate review, the portfolio’s Yield to Maturity (YTM) has increased to 1.85%.

As of the end of June 2026, the portfolio has generated a 0.8% year-to-date return.

The Euro Savings Portfolio is an excellent alternative to traditional bank deposits thanks to its tax efficiency (tax deferral and transferability), its flexibility (available from €1,000, with no maximum investment and no withdrawal penalties) and its strong long-term performance. Since launch, it has delivered a cumulative return of 9.1%, outperforming one-year bank deposits by 2.1 percentage points (Source: Bank of Spain).

The USD Savings Portfolio has delivered an outstanding cumulative return of 16.3%

Since its launch, the USD Savings Portfolio has benefited from higher official interest rates than those prevailing in Europe.

The portfolio currently offers a Yield to Maturity of 3.25%.

By the end of June 2026, it had generated a 1.6% year-to-date return, in line with its current yield.

For investors with US dollar exposure, it provides an excellent opportunity to earn an attractive return with virtually no volatility. Euro-based investors, however, should not focus solely on the higher yield, as the portfolio is denominated in US dollars and therefore carries EUR/USD exchange-rate risk.

Since inception, it has accumulated a 16.3% return, outperforming one-year US dollar deposits by 10.3 percentage points.

It also offers an attractive 4.3% APY, largely driven by the higher interest-rate environment that prevailed during 2023 and 2024.

Euro Target Portfolios remain on track despite short-term volatility

As highlighted in previous updates, the Euro Target Portfolios continue to progress in line with their objectives.

At the beginning of 2026, we expanded the range with a new fund-based offering to complement the existing solutions.

During April 2026, the Target Portfolios experienced some short-term volatility, as shown in the chart.

However, they are specifically designed to deliver returns that remain very close to their target by the maturity date, and we do not expect the market volatility experienced during 2026 to alter that outcome.

USD Target Portfolios continue to meet their objectives with strong returns

We continue to offer USD Target Portfolios with maturities through December 2028.

Annualised returns remain highly attractive, with an APY (Annual Percentage Yield) of 4.4% for the December 2028 portfolio and above 5% for the December 2026 and December 2027 portfolios.

Cumulative returns currently stand at 14.8% for the December 2026 portfolio and 15.2% for the December 2027 portfolio. The December 2028 portfolio has generated a cumulative return of 7.5%, reflecting its more recent launch date.

Euro Bond Portfolios offer Yields between 3% and 4%

Fixed income markets have not been immune to volatility, particularly during the spring of 2026, which was marked by the conflict involving Iran.

This resulted in some volatility, especially in the Aggressive Bond Portfolio. As of the end of June 2026, the year-to-date return stood at 0.7% for the Aggressive Bond Portfolio and 0.9% for the Conservative Bond Portfolio.

Yield to Maturity remain above 3% for the Conservative Bond Portfolio and close to 4% for the Aggressive Bond Portfolio.

USD Bond Portfolios offer Yields between 4% and 6%, with cumulative returns of up to 18%

Volatility in fixed income markets has also affected the USD Bond Portfolios.

This has led to some volatility, particularly in the Aggressive Bond Portfolio. As of the end of June 2026, the year-to-date return stood at 0.4% for the Aggressive Bond Portfolio and 1.1% for the Conservative Bond Portfolio.

YTMs remain at very attractive levels: 4.6% for the Conservative Bond Portfolio and 6.2% for the Aggressive Bond Portfolio, which have delivered cumulative returns of 13.4% and 18.3%, respectively.

inbestMe’s conservative portfolios continue to deliver on their objectives as of the end of June 2026

Overall, inbestMe’s most conservative portfolios have once again demonstrated in 2026 that they consistently fulfil the role they were designed for: preserving capital, providing stability and efficiently capturing the opportunities offered by today’s positive interest-rate environment, both in euros and US dollars.

The Savings Portfolios and Target Portfolios continue to establish themselves as compelling alternatives to traditional bank deposits for short-term investment horizons, while the Bond Portfolios provide an additional source of return with limited volatility and modest drawdowns.

Together, they reinforce inbestMe’s value proposition for prudent wealth management, built on disciplined portfolio management, broad diversification and a close alignment between each investment solution and its intended financial objective.