April update

BY WILLEM VINKE

23 May 2018

BY WILLEM VINKE

In April, NYMEX WTI CRUDE rose 5.59% to finish at $68.57. At the same time, the US 10y treasury yield increased by 7.82%, closing the month at 2.9531.

The German 10y treasury yield rose by 12.51%, finishing at 0.559%, while the Swiss 10y treasury yield increased by 224.57%, closing at 0.088%.

Throughout the month, the UK 10y gilt yield increased by 5.03% to finish at 1.418%. Gold decreased by -0.76% to finish at $1,315.39, with silver declining by -0.22% to close at $16.3318. In April, the Euro weakened against both, the US$ (down 2.00%) and the sterling (down 0.18%), finishing at 1.2078 and 0.87754 respectively.

STRATEGIC EUROPE VALUE FUND

The Fund* returned +3.06% in April. Energy, Telecoms & Consumer Discretionary were the best performing sectors in the benchmark, whilst the worst performing were Consumer Staples, Healthcare & Industrials. The Fund’s top performing stocks were Wirecard, Safran & ASR Nederland, whereas the worst were Philip Morris, Orkla & Reckitt Benckiser.

* EUR I Class

STRATEGIC GLOBAL QUALITY FUND

The Fund lost -0.75% in April. Energy, Utilities & Consumer Discretionary were the best performing sectors in the benchmark, whilst the worst performing were Consumer Staples, Industrials & Technology. The Fund’s top performing stocks were Wirecard, Safran & McDonalds, while the worst were Philip Morris, Clorox and Altria.
 

 

The views and statements contained herein are those of Lofoten Asset Management in their capacity as Investment Adviser to the funds as of 10/05/18 and are based on internal research and modelling.