“People always overestimate the changes that will happen over the short term, and underestimate the changes that will happen over the long term” (Bill Gates) It has been a fascinating first quarter for the financial markets. Two major trends had a pronounced influence. Strong economic growth The first major trend was the surprisingly strong economic […]
CapitalatWork Foyer Group impressed again, at this year’s prestigious LSEG Lipper Refinitiv Awards ceremony in London last week, by winning 2 Lipper Awards and 3 certificates for some of our funds. The highly respected LSEG Lipper Awards, for over 30 years and in more than 17 countries, reward the fund managers as well as funds […]
The last quarter of 2023 has ensured another “grand cru” year. Many reasons can be cited for this, but let us focus on the two most important ones. First, US economic growth in the second half of 2023 was much stronger than expected. You should be aware that the companies we invest generate 50% of […]
It might seem to you that not much has happened in the past quarter about our portfolios. Actually, you should not overlook the fact that our portfolios have held up well over this period. Beneath the surface, there have been some developments that could have major consequences and we need to be prepared for them. […]
There is uncertainty but also opportunity in the financial markets. 1. Your assets are being managed at what is an uncertain time. Geopolitical developments continue to surprise, with the recent developments in Russia being the latest unexpected twist. It is impossible to predict which direction things will go in Ukraine. But even if this might […]
CapitalatWork won big at this year’s awards. No fewer than three Lipper Refinitiv Fund Awards and a Group Award were won. CapitalatWork, which operates in the Benelux, is as consistent as it is stubborn in its investment choices. “There is no secret behind our success. It is a combination of good preparation, dedication and a […]
2022 was an interesting year on financial markets to say the least. Over the years, we have become accustomed to volatility and falling stock prices, partly because the mood of the market verges on the pessimistic every so many years. A crucial event in 2022 that prompted a reversal of sentiment was, of course, Russia’s […]
After some very volatile summer months in the financial markets, we are back to where we were in June. At first glance, not much seems to have changed. The two most important risk-free interest rates are again at their highest level since the beginning of the year. The German 10-year government rate is around 2%, […]
In our previous newsletter, we informed you about the recalibration of our strategy following the war in Ukraine: international diversification, protection against inflation and active management. In fact, this meant a continuation of the strategy we had already embarked on in early 2020 when the corona crisis broke out, but with an even stronger conviction […]
Exactly two years ago, we were all together in the first general lockdown of our lives. Business almost came to a standstill, and the expectations were that the economic damage would be incalculable. However, the rapid response of both governments (fiscal stimulus) and central bankers (monetary stimulus) ensured that confidence in financial markets was quickly […]
Given the current turbulence in the financial markets, we believe it is important to let you know how we are dealing with the effects of this event in our investments. It must have been a very unpleasant awakening for European political leaders. They completely misjudged the developments that led to the Russian invasion of Ukraine. […]
“Buy on the sound of cannons, sell on the sound of trumpets.” We owe this wise and winged investor’s phrase to the legendary financier Nathan Rothschild, who, according to tradition, made a fortune during the Napoleonic Wars. With the phrase, Rothschild is suggesting that the beginning of a war is a good time to buy […]
As usual, this period provides an opportunity to reflect on what has been another eventful year. The year 2021 was largely back in full swing, thanks to the various major efforts and decisions made worldwide. 2021 was also the year of confirmation of our investment strategy, which we had rolled out in the second quarter […]
We wish you and your family a Merry Christmas and a particulary successful and healthy New Year! This year, as part of its philanthropic policy, CapitalatWork SA is pleased to support the non-profit organisation Forward Haïti.
We are very proud to announce our partnership with Red Lion, Alexander Hendrickx! Our ambassador for the next three years! Looking forward to a dynamic cooperation!
It seemed for a little while that the past quarter would be concluded in peace and quiet. In the past summer months, there was a low degree of volatility in the financial markets. Everything seemed to have been lulled to sleep by the central banks. But the collapse of China’s largest property developer, “Evergrande”, triggered […]
Slowly but surely, the coronavirus pandemic is being overcome thanks to the small miracle called “vaccine”. Our economy is also returning to full speed thanks to the massive fiscal and monetary stimulus. Very soon after the outbreak of the pandemic in 2020, we correctly assessed its unavoidable major impact on financial markets and your portfolios. […]
In the meantime, the equity markets have risen from their ashes. The presidential elections are over, we are hearing positive news about vaccines and the third quarter earnings season was particularly robust. Let us address this while sticking to the communication framework we have used since the beginning of this crisis and zoom in on […]
“The test of a first-rate intelligence is the ability to hold two opposed ideas in mind at the same time and still retain the ability to function.” (F. Scott Fitzgerald) The above quote by F. Scott Fitzgerald, originating from his collection of essays The Crack-Up published in 1935, is the perfect description of the mental […]
The investment landscape has changed drastically in recent months. The spread of the coronavirus has had a huge impact on economic activity around the world. This requires an extraordinary focus and concern for the investments we have made. Our analysts continue to carry out extensive research into the investments we have in our portfolios. In […]
The financial markets have, for some weeks now, been ‘healing’ from the Corona-crisis. The recorded lows of 23 March already lie some time behind us. However, the virus is currently in its most lethal phase. Let us review the situation on 3 battlefields: 1) The health war This is the most important one. Not only […]
The Central Bank of the world, the Federal Reserve, protects your portfolio. 2020 started out promising. The world was spinning at full speed. But the COVID-19 virus suddenly brought the world, as we knew it, to a standstill resulting in battles being fought on three fronts: 1) Firstly, this is a health crisis of unprecedented […]
The past few weeks have been severely impacted by the corona virus and our top priority is to guarantee the health and safety of our customers and employees. This is why, for some time now, CapitalatWork Foyer Group has taken internal measures and deployed the necessary IT installations in order to protect our employees and […]
We cannot repeat it often enough: corrections such as those we are seeing today are an inevitable part of investing. The average correction, the kind that we experience each year, is about 14%. The current fall of approx. -30% is exceptional. However, the speed at which it is happening is very exceptional. The reason, as […]
Following the outbreak of the Coronavirus, a shock-wave has hit the financial markets. In the past week, stock markets around the globe suffered as seldom seen before. During these dire times, we feel the need to share our views on the markets with you. We are faced with a ‘black swan’ effect, since nobody expected […]
For the first time in many years, investors are facing negative returns as the global equity market has fallen sharply.