Managersichten SJB Liquidität: KBC Canarenta WKN A0HM8Q März 2013

teaser_logo_kbc_300_200The Canadian economy continued to grow steadily in the first half of the financial year, underpinned by strong domestic demand. The strength of the Canadian dollar, however, continued to weigh on exports. As a result, the central bank held its key rate at 1%. Bond yields there fore tended to mark time. The sub-fund was nevertheless able to benefit from the positive spread between government paper and semi-government bonds and Eurobonds. Having appreciated substantially against the euro in previous financial years, the Canadian dollar depreciated slightly, which was to the disadvantage of European investors. As for the coming financial year, we expect the central bank to await further recovery in the US before raising its key rate. Both short and long rates could therefore remain low for some time yet, and we only expect a slight increase toward the end of the financial year. The positive spread between government bonds and semi-government paper/Eurobonds ought to contribute, however, to the return over the financial year as a whole.

Siehe auch

SJB Kurzportrait.

Die SJB FondsSkyline 1989 e.K. aus Korschenbroich bietet Anlegern drei aktiv gemanagte Vermögensverwaltungsstrategien mit offenen Investmentfonds an, die allesamt nach antizyklischen Investmentprinzipien gemanagt werden: SJB Substanz, SJB Surplus und SJB Nachhaltig. Der Ansatz der Antizyklik ist dabei so einfach wie wirkungsvoll. Der Braunbär als erfahrener Jäger dient als Vorbild und zeigt das Prinzip: Er wartet …

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