2021 - 'ALTEX AM V2'

15 Dec 21

November 2021 – The FED and Omicron shake markets

In November, despite market turbulences, we have successfully protected returns: • Sigma Fund Real Return reports MTD returns of +0.57% (+12.85% YTD) • Sigma Fund Prudent Growth reports MTD returns of +1.91% (+22.98% YTD) • Sigma Fund Quality Stocks reports MTD returns of +1.02% (+28.35% YTD) Indices performance was uneven: MSCI World ends down -0.33% in…

18 Nov 21

October 2021 – A month you won’t want to miss

If anything has improved over the last years, it has been our ability to capture market rallies. We’ve been worrying about falling markets our entire lives, but what we really need to do is focus on being in the market when it’s on the rise. Investments do entail risks, but…

25 Oct 21

September 2021 – Downturns in a market that remains bullish

September was volatile and with profit taking, but all within expectations. As atypical as a post-Covid year is for the markets, September is traditionally a negative month for the stock markets. This year has been no exception and the market started to retreat from the highs of September 6th. The…

20 Sep 21

August 2021 – Don’t limit markets

This year, August braved the traditionally high market volatility, returning to its bullish trend after a short-lived minor correction mid-month. Considerable rises in our three funds: • SF Real Return +2.13% (+9.78% YTD) • SF Prudent Growth +1.75% (+18.65% YTD) • SF Quality Stocks +1.69% (+22.38% YTD) • Vs MSCI World +2.80% in EUR…

08 Aug 21

July 2021 – China is scary, but markets look the other way

Our three funds report excellent returns this month, despite increasing tensions in markets. At month end, SFRR posts +1.95% (+7.49% YTD), SFPG returns +5.32% (+16.61% YTD) and SFQS rises +0.93% (+20.36% YTD), while the MSCI World reports month end returns of +1.64% in EUR, (+17.62% YTD in EUR). Brilliant performance…

08 Jul 21

June 2021 – Solid fundamentals shine bright

Spectacular month of June for our Funds and Portfolios: Sigma Fund Real Return posts month-end returns of +4.39% (+5.43% YTD), Sigma Fund Prudent Growth returns +7.51% (+10.72% YTD), and Sigma Fund Quality Stocks was up +7.72% (+19.25% YTD) vs. MSCI World +4.64% in EUR (+15.72% YTD in EUR). Only a…

11 Jun 21

May 2021 – Good opportunity to increase Growth investments

May closed with negative returns, although 2021 YTD data is positive: SFRR -1.23% (+1.00% YTD), SFPG -3.4% (+2.98% YTD) and SFQS -1.2% (+10.7% YTD), while the MSCI World closed at -0.41% in EUR. In May, the rotation towards cyclical and inflation-sensitive sectors has regained prominence (Eurostoxx 50 +1.63%). The excellent…

27 May 21

April 2021 – Our companies’ performance beats all expectations

April was yet another good month for our funds: SFRR reports MTD returns of +3.05% (+2.25% YTD), SFPG posts +5.27% (+6.61% YTD), and SFQS was up +3.8% (+12.05% YTD). The style and sector rotations that had begun on February 15, and continued throughout March, dwindled away in April, while our…

08 Mar 21

February 2021 – Rotation and high intra-month volatility

Mixed performance in February: our long-only unhedged Fund, SF Quality Stocks leads returns posting +4.07% (+3.86% YTD), followed by SF Prudent Growth with a raise of +.096% (+2.84% YTD), and SF Real Return – less benefited from the rally at the beginning of February– -2.13% (+2.11% YTD), while the MSCI…

23 Feb 21

Will inflation influence the Fed in 2021?

The United States is preparing for a year of return to growth: 4.2% is expected in 2021. Moreover, the US economic outlook for 2021 appears bright. With vaccines rolling out quickly now, there is reason for optimism that, by the third quarter, the Covid pandemic will have been brought largely under…