NHS Sicav – MC Bolero Global allocation – factsheet April 2016

Posted on Leave a commentPosted in Uncategorised

 The fund registered a small gain during the month (+0.16%) penalized by an Underweight in commodity stocks and in bonds, and a partial hedge of the Euro exposure against the dollar. Some individual stocks also underperformed during the month (Apple, Carnival, Nike, AB Inbev). In terms of activity, we cut Japan equities to zero as […]

MC Lambin Fund Manager of the Year – Luxembourg – The Global Business awards

Posted on Leave a commentPosted in Uncategorised

Dear partners, investors and friends, I am pleased to announce that The European Magazine has granted me with the Award of Fund Manager of the Year – Luxembourg. I kindly invite you to read the online edition of the magazine with the link below, and more particularly pages  43-44 for The Global Business Awards and  pages 52-53 for […]

NHS Sicav – MC Bolero Global allocation – factsheet March 2016

Posted on Leave a commentPosted in Uncategorised

 Equities bounced higher in March (MSCI AC World +5.25% in dollar terms, +2.19 in euro terms), after “dovish” comments from US Fed chair Yellen prompted investors to scale back expectations over the pace and scale of future rate hikes. A further rally in oil prices together with improvement in US economic indicators and diminished fears […]

NHS SICAV – MC Bolero Global Allocation Fund – Investment strategy update 16/03/16

Posted on Leave a commentPosted in Uncategorised

Improvement in US macro data, including signs of stabilization in manufacturing sector together with some evidence of inflationary pressures make us feel more confident that the US economy can escape a recession for now, a positive signal for the rest of the world as well.  The latest ECB’s measures also bolstered investors sentiment as the […]

MC Bolero Global Allocation fund – Investment strategy update – 11/03/16

Posted on Leave a commentPosted in Uncategorised

Markets volatility around central banks’ comments and decisions remain elevated. We think the latest ECB’s actions should be supportive for risky assets and justify an Overweight in equities, at least for now. A rebound in oil prices has also contributed to a shift in sentiment. In this context, we have increased the net equity exposure […]

MC Bolero Global Allocation Fund – Global Investment strategy update – 24/02/2016

Posted on Leave a commentPosted in Uncategorised

• In line with our expectations highlighted in our 17th February edition, markets enjoyed broad based gains last week. • The global macroeconomic backdrop however is not encouraging. Signs are increasing the US will fall into recession in the next 6 to 12 months. Disappointing euro zone PMI data is adding to doubt the region can withstand […]