Fund Update – November 2018

The Strategic Europe Value Fund (EUR I Class) returned 0.13% in November, outperforming its index by 1% and the Strategic Global Quality Fund returned 1.20%, outperforming its benchmark by 0.06%.

The New Immigration Law – Another Step Towards New Japan

The domestic market recovered slightly in November despite the lack of any good news. Investors were disappointed about the lack of results from the APEC forum, with no notable progress made regarding the trade dispute between the US and China.

Ready for a Bond Rally by the end of the year?

During November, the main financial markets were driven by Brexit, the trade war between the US and China, the mid-term elections, the FOMC, the defeat of Ms Merkel’s party in local elections and the beginning of social troubles in France.

Strategic European Smaller Companies Fund – 2018 YTD Performance Review

Mid December, the Fund’s year to date performance stands at approximately -25% (as at 14/12/2018) while the Fund’s benchmark has lost ~8.5%. Since inception in May 2015, the Fund has returned +4% while the benchmark is down by -2%. Most of the outperformance created in 2015, 2016 and 2017 evaporated this year.

Sturdza Family Fund – Benchmarks

The Sturdza Family Fund launched on the 14th December 2018 with the aim of providing our investors with a solution within the multi asset space in light of increasing volatility, offering dynamic exposure to global markets.

Our commitment to charitable giving

EI Sturdza is proud to have worked with the Tumaini Fund in 2018, a charity which seeks to provide support...

Evolution in EI Sturdza’s Product Offering

EI Sturdza has determined, in consultation with the Board of Directors of the EI Sturdza Funds plc, to close four Funds in December 2018, whilst simultaneously launching two new funds, which we believe are better placed to provide value to our clients in the new market environment.

Season’s Greetings from EI Sturdza

We wish you, your family and colleagues a happy and peaceful festive season and a prosperous 2019. We invite you...

Seeking Excellence Across Global Markets

We form exclusive alliances with portfolio managers who are leaders in their sector and have solid, outstanding, demonstrable long-term track records. EI Sturdza provides its portfolio managers with an extensive infrastructure, supported by independent institutional-quality risk management and controls. Allowing the investment teams to focus purely on portfolio management.

Investor sentiment dominated by fear of Trade War

The hostile speech by Mike Pence, the Vice President of the US, in early October was a big blow to China stock markets. The MSCI China Index and CSI 300 Index tumbled -11.5% and -8.3% respectively during the month.

October update – A preference for defensive portfolio positioning

The Strategic Europe Value Fund declined -4.24% in October, outperforming its index by 1.07 percentage points. The best performing sectors in terms of alpha were Materials and Industrials, due to strong stock selection. The Fund’s overweight to the Consumer Staples and Health Care sectors and its slightly higher cash position also helped.

Japanese companies have strength to deliver profits

In October, the market declined due to rising interest rates in the US and increased fears about a future deterioration of the US and global economy. The market fell after the US market plummeted following the release of weak housing statistics amid a worrying quarterly earnings season.