Falcon Perspectives - October 2010
Investment Compass gives an insight into the investment decisions of our specialists.
Investment compass - October 2010
Investment Overview
Investment sentiment has improved a bit as of late, driven by the perspective of more US monetary easing, somewhat abated recession worries and the expectations of a market-friendly outcome of the US interim elections in early November. The positive mood could persist for some time.
Investment Overview
Falcon Swiss Equity Fund
Swiss equities are carrying a historically cheap valuation. The expected dividend yield is 3.0% compared to 1.36% for long-term government bonds. The relatively defensive stance of the Swiss equity market provides some protection against a sudden increase in global volatility. When purchasing Swiss equities, the investor gets one of the world’s strongest currencies. The Falcon Swiss Equity Fund is well suited to participate in the development of the Swiss equity market.