Altex Partners, autor en ALTEX AM

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…

19 Feb 21

Sustainability, key in Altex investments

Sustainability has of late become a defining feature in our daily lives, in the news, in the concerns of governments, as well as in companies, and this is even more so since the pandemic began. According to the “Vision on ESG matters from the Board of Directors’ point of…

05 Feb 21

January 2021 – Back to a volatile normality

Highlights In January returns once again beat expectations: SF Real Return +0.02%, SF Prudent Growth +1.86%, SF Quality Stocks –0.20% (vs MSCI World Index in EUR -0.30%). Market Commentary Our mid- and long-term scenarios are still positive Market background is positive, we are still in a recovery phase with volatility…

18 Jan 21

Two Altex funds, at the top of the Funds People rankings

Sigma Fund Real Return and Sigma Fund Prudent Growth occupy the top positions of the Funds People’s profitability rankings. On the one hand, the Sigma Fund Prudent Growth, with a profitability of 44.31%, occupies the second place among the most profitable funds of 2020 in the flexible allocation category. In…