close button
Close
State-of-the-art securities

FIMARGE Funds and SICAVs

INSTRUMENTS

Monthly comment (October 2022)

Equities recovered some ground in October, as the bulk of the Q3 earnings season took place, and generally showing resilience. Unlike government bonds, it was a greater month for corporates, while upside surprise in CPIs again reinforced a hawkish response by Central Banks.
However, economic data is being mixed, with most industrial data looking set to weaken further during the coming quarters. The European Central Bank raised interest rates by 75 bps and acknowledged that the eurozone may be heading for recession.
That's maybe what Markets took as a sign of lowering the pace of rate increase. As we have discussed in several reports, the extent to which interest rates have risen is what has a disproportionate effect on long duration assets such as Quality Growth. However, despite some of our companies have seen negative earnings revisions, we have not seen factors that relate to a change in a structural growth driver or long-term prospects.

FIMARGE BALANCED PORTFOLIO FUND - CLASS I

year to date
-12.90
%
net asset value
97.44
risk scale
4
/
7
Details
legal form
Mutual Fund (FCP)
country
Luxembourg
ISIN
LU1892387462
currency
EUR

FIMARGE BALANCED PORTFOLIO FUND - CLASS A

year to date
-13.33
%
net asset value
95.33
risk scale
4
/
7
Details
legal form
Mutual Fund (FCP)
country
Luxembourg
ISIN
LU1753744009
currency
EUR

FIMARGE INTERNATIONAL EQUITY FUND - CLASS A

year to date
-1.18
%
net asset value
98.82
risk scale
6
/
7
Details
legal form
Mutual Fund (FCP)
country
Luxembourg
ISIN
LU2474268096
currency
EUR

IRIDIUM FLEXIBLE EQUITY

year to date
-22.38
%
net asset value
113.54
risk scale
6
/
7
Details
legal form
SICAV UCITS (LUX)
country
Luxembourg
ISIN
LU1244564792
currency
EUR

ALBA GLOBAL DYNAMIC

year to date
-18.44
%
net asset value
93.65
risk scale
5
/
7
Details
legal form
Andorran law SICAV
country
Andorra
ISIN
0154-01 AFA
currency
EUR

ARMONY AGECA

year to date
-12.19
%
net asset value
109.81
risk scale
4
/
7
Details
legal form
SICAV UCITS (LUX)
country
Luxembourg
ISIN
LU1388853720
currency
EUR

IRIDIUM BALANCED PORTFOLIO

year to date
-14.08
%
net asset value
113.21
risk scale
4
/
7
Details
legal form
SICAV UCITS (LUX)
country
Luxembourg
ISIN
LU0792718537
currency
EUR
GET in touch
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
Fimarge Societat Financera d’Inversió SA
C/ Bonaventura Armengol, 10
Ed. Montclar Bloc 1, 5è 1a
Andorra la Vella
Nº Registre Societat: 5711
Nº Registre Tributari: A-700866-T
Nº Autorització AFA: SFI-04/95 (20/04/1988)