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FIMARGE Funds and SICAVs

INSTRUMENTS

Monthly comment (October 2021)

With the earnings season having kicked off and inflation figures coming in hotter than expected, stocks surged again, offsetting September declines and recording in many cases the best month of the year. Commodity prices also climbed (oil price jumped over 10%), as consumption and recovery from the pandemic continued to outpace supply.
As such, with all sectors finishing higher in October, Consumer Discretionary, Energy and Technology stocks led the advance. With that said, despite growth perspectives remain solid and progress in vaccination campaigns are broadly limiting risks of new mobility restrictions, fixed income markets were much disturbed.
The combination of persistent issues in the global supply chain and soaring commodity prices are driving concerns around inflationary pressures, leading markets to price in a faster than expected pace of tightening from central banks, causing yield curves in several developed regions to flatten, and credit spreads to widen across all tranches.

FIMARGE BALANCED PORTFOLIO FUND - CLASS I

year to date
5.40
%
net asset value
109.97
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
4.88
%
net asset value
108.17
risk scale
4
/
7
Details
legal form
Mutual Fund (FCP)
country
Luxembourg
ISIN
LU1753744009
currency
EUR

IRIDIUM FLEXIBLE EQUITY

year to date
13.38
%
net asset value
139.38
risk scale
6
/
7
Details
legal form
SICAV UCITS (LUX)
country
Luxembourg
ISIN
LU1244564792
currency
EUR

ALBA GLOBAL DYNAMIC

year to date
3.53
%
net asset value
111.52
risk scale
5
/
7
Details
legal form
Andorran law SICAV
country
Andorra
ISIN
0154-01 AFA
currency
EUR

ARMONY AGECA

year to date
6.96
%
net asset value
122.27
risk scale
4
/
7
Details
legal form
SICAV UCITS (LUX)
country
Luxembourg
ISIN
LU1388853720
currency
EUR

IRIDIUM BALANCED PORTFOLIO

year to date
4.65
%
net asset value
129.60
risk scale
4
/
7
Details
legal form
SICAV UCITS (LUX)
country
Luxembourg
ISIN
LU0792718537
currency
EUR
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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)