Market update

This is surely the most difficult report to do. The elections are seen as the most important in years.

The fact of the matter is that the returns we have received so far this year are astonishingly good amidst the very difficult investment environment.

Good news and a clear indication are the fact up to 65% of our portfolios are invested in foreign companies. The exchange rate helped a bit as well. The Balanced Fund got a return better than the bank investment rate.

What became very clear recently is the portfolio managers look through all the noise, good and bad, as well as election promises before they shift funds.

The lesson inside this still is: Stay in the market!

Stay put and enjoy the new phase in our country.