2026 - ALTEX AM

16 Sep 26

August 2026- Tension in the bond markets impact small and medium-sized companies

FUNDS MTD YTD 12 months 3 years accum. Altex Momentum +1.92% -0.73% +2.24% 33.21% Altex Quality -1.23% +11.28% +16.60% 58.58% Altex Growth -3.07% +13.43% +17.30% 42.97% Altex Tactical +3.71% +8.29% +12.83% N/A It was a positive month for Altex Momentum (+1.92%) and Tactical (+3.71%), but less favorable for Quality (-1.23%) and Growth (-3.07%), that…

01 Sep 26

July 2026 – Fear leads to a correction, but the market remains strong

FUNDS MTD 2026 12 months 3 years Accum. Altex Momentum -6.66% -2.60% +3.24% 30.37% Altex Quality -12.62% +12.67% +19.54% 61.50% Altex Growth -8.74% +17.03% +24.12% 39.81% Altex Tactical -0.08% +4.42% +12.29% N/A In July the fears that had been building up during the last few days of June surfaced. The…

28 Jul 26

June 2026 – Geopolitical Optimism and Fears of Overinvestment in AI

FUNDS MTD 2026 12 months 3 years Accum. Altex Momentum +1.26% +4.35% +10.70% 41.26% Altex Quality +6.70% +28.93% +37.51% 88.48% Altex Growth +3.99% +28.24% +39.98% 55.49% Altex Tactical +2.40% +4.50% +15.88% N/A June was a good month for our funds, especially for Altex Quality and Altex Growth, that posted returns…

18 Jun 26

May 2026 – Tech Euphoria and FOMO

FUNDS MTD 2026 12 months 3 years accum. Altex Momentum -1.18% +3.05% +11.32% 46.79% Altex Quality +4.25% +20.84% +31.96% 80.53% Altex Growth +3.33% +23.33% +36.18% 57.56% Altex Tactical +5.24% +2.05% +15.54% N/A May was a very strong month for A. Quality and A. Growth, up +4.25% and +3.33%, respectively. A.…

21 May 26

April 2026 – Optimism returns to markets

FUNDOS MTD 2026 12 months 3 years Accum. Altex Momentum -0.20% +4.27% +18.85% 47.06% Altex Quality +10.12% +15.91% +36.84% 80.87% Altex Growth +6.32% +19.35% +39.42% 52.90% Altex Tactical +6.40% -3.03% +13.43% N/A The funds that saw the sharpest falls in March are rebounding. In April, Altex Momentum was down -0.20%,…

13 Apr 26

March 2026 – War sends oil prices soaring; stock markets, gold, and bonds correct

FUNDS MTD 2026 12 months 3 years Accum. Altex Momentum -3.01% +4.48% +18.81% 46.83% Altex Quality -5.10% +5.27% +25.47% 63.88% Altex Growth -10.09% +12.26% +29.87% 42.27% Altex Tactical -5.32% -8.86% +5.90% N/A Although the funds fell due to uncertainty surrounding the war in the Middle East, equity funds are still…

10 Mar 26

February 2026 – Drums of war drive gold prices up

FUNDS MTD 2026 12 months 3 years accum. Altex Momentum +6.45% +7.72% +18.63% 52.98% Altex Quality +5.53% +10.92% +24.07% 80.73% Altex Growth +16.96% +24.85% +41.25% 69.57% Altex Tactical -3.10% -3.74% +8.54% N/A Market: Spectacular rally of our equity funds in a month when the major indices underperformed. Altex Growth (mid-cap…

20 Jan 26

December 2025 – Good returns in a “Trump” l’oeil year

FUNDS MTD 2025 12 months 3-Y Accum. Altex Momentum -0.68% +9.12% +9.12% 52.57% Altex Quality -1.93% +10.36% +10.36% 80.97% Altex Growth -2.54% +7.23% +7.23% 48.00% Altex Tactical 4.73% +8.14% +8.14% N/A Markets: Despite profit-taking in the year end sprint, 2025 closed with very positive figures. Large companies –Altex Quality’s investment…