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FIMARGE Funds and SICAVs

INSTRUMENTS

Monthly comment (August 2023)

The Federal Reserve decided to raise its reference rate by 25bp, taking it to the 5.0%-5.25% range, its highest level since 2001. Although Jerome Powell left the door open for further rate hikes,he added that the Fed economists, who had predicted a recession, now favored a soft landing for the economy. The ECB raised interest rates for the ninth consecutive time, placing the Refi rate at 4% and the deposit rate at 3.75%, its highest level since 2000. Plus, after the conference there was a perceived upward bias of the rates. Most of the portfolio companies posted good Q2 results, both in terms of revenue growth and profit margins, showing resilience in this uncertain environment. We have not made any changes to the portfolio, but we are working on new ideas to continue with our policy of diversifying into resilient businesses with great revaluation potential.

FIMARGE BALANCED PORTFOLIO FUND - CLASS I

year to date
2.66
%
net asset value
97.71
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
2.25
%
net asset value
95.18
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
2.47
%
net asset value
96.85
risk scale
6
/
7
Details
legal form
Mutual Fund (FCP)
country
Luxembourg
ISIN
LU2474268096
currency
EUR

IRIDIUM FLEXIBLE EQUITY

year to date
1.85
%
net asset value
110.56
risk scale
6
/
7
Details
legal form
SICAV UCITS (LUX)
country
Luxembourg
ISIN
LU1244564792
currency
EUR

ALBA GLOBAL DYNAMIC

year to date
-0.06
%
net asset value
92.19
risk scale
5
/
7
Details
legal form
Andorran law SICAV
country
Andorra
ISIN
0154-01 AFA
currency
EUR

ARMONY AGECA

year to date
4.25
%
net asset value
110.75
risk scale
4
/
7
Details
legal form
SICAV UCITS (LUX)
country
Luxembourg
ISIN
LU1388853720
currency
EUR

IRIDIUM BALANCED PORTFOLIO

year to date
1.63
%
net asset value
112.32
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)
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)