The pendulum swung back and forth between fear and optimism

01.08.2018
During the last quarter, global developed markets gained a satisfactory 7.6% when measured in Euros – and that currency impact is significant.

The US Dollar gained more than 5% against the Euro, so once we strip out that effect, equity market gains were much more moderate. Global equity markets zig-zagged through the quarter. The pendulum rapidly swung from signs of relief, good corporate earnings and general optimism to fears for an escalating trade conflict and increasing political tensions. 

Read the full Quarterly report - click here.

Mission

Our mission is to deliver the best long-term performance with a strong emphasis on risk. Based on a systematic and objective approach to investment - and a great commitment.

 

Privacy policy   |   Cookie policy

Before continuing, please refer to the “Terms of use”. Availability of our products and services is subject to certain restrictions, products and services may be  excluded in some countries. Copyright 2012 by Sparinvest S.A. - all rights reserved.

Disclaimer:
Please read these conditions before continuing. The products and services offered on this website are not available to persons with residence in particular countries. Please take note of the currently valid sales restrictions for the respective services.