MC Bolero Fund – Global Investment Framework

Posted on Leave a commentPosted in Uncategorised

Please find enclosed an update of the investment framework supporting the Asset Allocation of the MC Bolero Fund.   -> There is a lot to digest and it’s not easy to make up one’s mind on the implications for global markets. -> We keep a Neutral stance on Global equities (at 50%), but maintain an Overweight in […]

NHS Sicav – MC Bolero Global allocation – factsheet May 2016

Posted on Leave a commentPosted in Uncategorised

 Global equity markets posted mixed performance in May (MSCI AC World -0.19% in dollar terms). The American and European markets reacted positively to surprisingly hawkish FOMC minutes showing that most officials considered it appropriate to tighten policy in June if data continued to improve. The US economy appeared to have regained momentum early in Q2 […]

NHS Sicav – NOVACAP Global Strategy fund – Fact sheet – April 2016

Posted on Leave a commentPosted in Uncategorised

April was a neutral month for equities and positive for bonds. European equity markets have had a performance of + 0.8% in April. These have generally reacted to the new details of the asset purchase program proposed by the ECB and announced by its Chairman during the month. Although the ECB announced stronger than expected […]

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 […]

NHS Sicav – NOVACAP Global Strategy fund – Fact sheet – February 2016

Posted on Leave a commentPosted in Uncategorised

Equity markets remained under pressure in February after a month of January already heckled. There were two distinct phases in February, subject to a very high volatility. Most developed countries stock markets have experienced massive sales during the first half of the month and then recovered during the second half. In Europe, the reasons behind this significant decline […]