In May the European markets put down a very solid performance. The STOXX600 YTD return increased from 15,5% to 16,7%. Our portfolio did much better and YTD return increased from 20,8% to 28,8%. Alpha is now 12,1%, a significant outperformance. In the US, the S&P YTD return increased from 1,3% to 2,4% while our portfolio declined from 5,3% to 3,9%...[more]

According to Ori Eyal, manager of the EVCM fund and protege of Guy Spiers, it's a great time to invest in Israel. With a population of 7,6 million, Israel enjoys a technologically advanced economy, brimming with entrepreneurial activity. It has been called the "start-up nation" since it has more start-ups per capita than any country in the world.

Ori explains:

Most of these start-ups are technology oriented. To some extent this has resulted in less focus on non-technology companies in Israel...[more]

After adding India a few weeks ago, we now added Russia, Brazil and China to complete the BRIC countries.

China adds 2.313 stocks with primary listing on the Shenzen and Shangai stock markets. This comes on top of the 1.555 stocks supported in Hong Kong and the Chinese companies listed on the foreign stock markets...[more]

What an exceptional first quarter it was. Most European indices increased by double digit figures spurred by the ECB’s stimulus program, which is driving down the value of the Euro and making European companies more competitive globally. The STOXX 600 is now 16% higher compared to the start of the year. Our European portfolio showed a positive alpha of 5.7, finishing the quarter with a gain of 21...[more]