Year: 2023

We closed November with strong performance and great news for the Funds. We have changed the name of our dear long-standing Luxembourg SICAV “Sigma Fund” to “Altex”, a more modern name that reflects our management style. The Funds will now be: Altex Momentum (formerly Sigma Fund Real Return): +7.01% (13.65%…

SFRR ends the month at -3.99% (+6.20% YTD) SFPG closes the month at -5.06% (+8.79% YTD) SFQS ends the month at -3.41% (+17.49% YTD) MSCI World ends at -2.80% in EUR (+7.41% YTD in EUR) In October markets corrected against an environment that had been bullish till now, encouraging investors…

SFRR MTD returns -2.54% (+10.61% YTD) SFPG MTD returns -1.76% (+14.59% YTD) SFQS MTD returns -3.79% (+21.65% YTD). In September, bond sales by the major central banks triggered large movements in asset prices. USD rose 2.5% against Euro, while the US 10-year bond fell -3.7%, the S&P 500 fell -4.87%…

SFRR closes the month at -0.72% (+13.49% YTD) SFPG ends the month at -6.15% (+16.65% YTD) SFQS closes the month at -0.07% (+26.41% YTD) August ended with generalised, although moderate, falls in US indices (S&P 500: -1.77%, Nasdaq 100: -1.62%) and somewhat larger falls in Europe and China (Eurostoxx 50:…

For the month:    Sigma Fund Real Return +1.14% (+14.31% YTD). Sigma Fund Prudent Growth +1.49% (+24.28% YTD) Sigma Fund Quality Stocks +1.98% (+26.53% YTD) while the MSCI World ends up +2.45% in EUR, (+14.57% YTD in EUR).   Markets:  July has been a month of continuity of June’s rally…

This month:   Sigma Fund Real Return +6.11% (+13.02% YTD) Sigma Fund Prudent Growth +5.54% (+22.47% YTD) Sigma Fund Quality Stocks +2.38% (+24.03% YTD),   while the MSCI World posts month end returns of +3.21% in EUR (+11.82% YTD in EUR). Looking back at June’s performance, saying that this would…

SFRR closes the month at -0.36% (+8.49% YTD) SFPG closes the month at -1.08% (+15.91% YTD) SFQS closed the month at -0.23% (+16.20% YTD) April has been a month of narrow sideways ranging markets with indices showing signs of exhaustion after the good start of the year. Despite the appearance…

SFRR closes the month at -0.80% (+7.83% YTD), SFPG at +1.66% (+9.85% YTD) and SFQS at -0.56% (+10.91% YTD). February started with rises in indices, that remained sideways until the middle of the month, falling into negative territory in the second half. S&P 500 posts -2.61%, Nasdaq 100 -0.49%, and…

SFRR closes January at +8.70%, SFPG at +8.05%, and SFQS at +11.56%, while the MSCI World ends at +5.49% in EUR, the S&P 500 at +6.17%, the Nasdaq 100 at +10.62%, and the Eurostoxx 50 at +9.75%. All 3 funds have performed very well this month. A good result to…