TSP rebounds from ‘Brexit’ slump in June

The Thrift Savings Plan posted across-the-board positive numbers in July, with some of the hardest hit accounts in June showing the highest returns.

July’s TSP report demonstrates a reversal of fortunes from June’s mostly negative numbers, which broke a three-month winning streak for the federal retirement savings plan.

The TSP took a hit in June after investors withdrew $2.1 billion from the stock-indexed C, S and I funds, due to perceived uncertainty in the market following the United Kingdom’s “Brexit” referendum to leave the European Union.

The international I fund rebounded from the worst performing account in June to the second-best performer in July at 5.07 percent. However, it remains in last place for the last 12 months, at -7.17 percent.

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The S Fund, which invests in small cap stocks, posted the highest monthly numbers at 5.40 percent, a dramatic improvement from June’s -0.13 percent. However, the F Fund, a fixed-income index investment fund, remains the best performer in the past 12 months at 6.30 percent.

The safe-and-stable G fund, which invests in government bonds, posted slightly lower numbers in July, at 0.13 percent, bringing its 12-month total down to 1.95 percent.

The L Income fund showed a 1.00 percent return, while the rest of the lifecycle funds all positive returns.

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