Markets | MitonOptimal CI

“The ECB is ready to do whatever it takes to preserve the Euro and believe me: it will be enough”.  European Central Bank President Mario Draghi’s pronouncement at a London investment conference on 26th July signalled a new phase in the Eurozone debt crisis, drawing a line in the sand for bond market speculators by promising unlimited support for “compliant” governments.  A game [Read More]

Our most recent Clarion Funds Performance Update report is now available online. Performance “On a 12-month view (Fig.1), the Fund has outperformed its main peer group the FE Offshore Flexible Universe and also the FE Offshore Balanced Universe, the latter of which is used by Argyll for internal performance monitoring purposes. Much of the relative out-performance has come from our [Read More]

Like our islands, global equity markets spent much of the late spring and early summer under inclement conditions, as darkening clouds over Europe and a steady drizzle of disappointing economic releases from every geographic region provided little for investors to cheer. A quite unexpected and sudden change in wind direction on the final day of the quarter saw the heavens clear and spirits [Read More]

Is it safe to come out now? “A favourable combination of improved economic data, more large-scale ECB lending, the Fed’s promise of low interest rates until 2014 and a successful Greek debt restructuring put investors onto the front foot throughout much of the period under review. This renewed appetite for risk gave equity markets their best start to a year since 1998, sent core [Read More]

“In another volatile quarter for financial markets, the Eurozone’s sovereign debt crisis remained the focus of investors’ attention to the exclusion of pretty much everything else. Despite a seemingly endless schedule of summits and crisis talks, new governments in Greece, Italy and Spain and a globally co-ordinated Central Bank liquidity programme, policy makers’ actions continue [Read More]

“History, according to Mark Twain’s oft-cited quote, doesn’t repeat itself, but rhymes. The behaviour of investment markets during the quarter under review was eerily reminiscent of the panic conditions that followed the rapid demise of Lehman Brothers in September 2008. An exodus from risk assets propelled equity markets down by double-digit percentages towards or into bear market [Read More]

Welcome to the Market Brief from the Investment Department of Argyll Investment Services Limited our monthly brief discusses the highs and lows across the market. “The rumblings of “will Greece default or won’t they?” continued during the month, with almost all commentators predicting, as a minimum, a restructuring of their debt. In reality, this is a technical default and the [Read More]

Welcome to the Market Brief from the Investment Department of Argyll Investment Services Limited our monthly brief discusses the highs and lows across the market. “Following a series of weaker than expected economic statistics released during the month, May saw investor confidence in the global recovery falter, which in turn led to a sell-off in the majority of risk assets.  In the US, [Read More]

Signs of recovery in Montenegro are good news for the Montenegro Investments Limited property portfolio.  According to Montenegro’s State Statistical Office, the Value of construction work in the first quarter of 2011 increased by 18.1% compared to the same quarter last year. Effective moments of the construction works in Montenegro for the first quarter of 2011 increased by 24.6% [Read More]

On April 29, 2011, the Executive Board of the International Monetary Fund (IMF) concluded the Article IV consultation with Montenegro. A tentative recovery is taking hold, following the global crisis that exerted heavy blows upon the economy. In 2010, a good tourism season was followed by resumed metal production, while heavy rains in the region boosted electricity production and exports. After [Read More]

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