Altex Partners

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…

The September inflation data was released in October. Although the month started with positive expectations and a 6% rally in the S&P500, the disappointing US inflation data triggered an -8% plunge and the June lows were lost for a few days. However, the market rebounded strongly (11%) fuelled by oversold…

SFRR closes September at -7.15% (-31.04% YTD), SFPG -9.62% (-35.79% YTD) and SFQS at -9.56% (-28.93% YTD), while the MSCI World posts month end returns of -9.26% in USD, the S&P 500 closes at -9.34% and Nasdaq 100 at -10.6%. September Highlights: Strong ups and downs in sideways markets from…

SFRR closes the month at -3.69% (-25.73% YTD), SFPG closes the month at -5.33% (-28.96% YTD) and SFQS closes the month at -5.17% (-21.42% YTD). In the same period, S&P 500: -4.24%, Nasdaq 100: -5.22%. The month started well, continuing the rally that started in mid-June. The 100-day moving average…

June showed signs pointing to a market phase change. In July, those signs became clearer, we are now entering a market bottom formation phase. SFRR ends July at +3.31% (-22.88% YTD), SFPG at +8.68% (-24.95% YTD), and SFQS at +11.33% (-17.13% YTD), while the MSCI World posts MTD returns of…