Weekly Market Outlook: Pfäffikon SZ – Last week, the S&P 500 lost 1.97% and decreased only 0.39 % YTD. A different situation exists at the Russian RTS-Index, which already lost 26.36% this year caused by the turmoil in Ukraine. According to Goldman Sachs, investors already withdrew approximately 45 billion US dollars from the Russian stock […]
NAV March: – 1.24% NAV Since Inception: + 2.86% Value Participation: 102.86% Pfäffikon SZ – On March 15, 2014, the Net Asset Value (NAV) of Thirteen Diversified Fund is 102.86%. This NAV is calculated by Thirteen Asset Management AG on a weekly basis. The NAV of Thirteen Diversified Fund is also calculated by CACEIS Bank Luxembourg […]
Pfäffikon SZ, Switzerland – Market participants seem to have less of an eye for valuations, quality and the risks of certain business models. The S&P 500 has not budged lately and seems unbeatable. The German DAX and the internationally lesser-known Dutch AEX index seem to be experiencing a bit more trouble due to the political […]
Current Market Outlook: Pfäffikon SZ – Again, investors are worried about Ukraine. We can not predict how Putin will act in the coming months. We think that Putin is overreacting with respect to the issue in the Crimea. What we do know is that we have invested in two outstanding Russian companies – Magnit and […]