It continues to be true that ‘you can’t fight the FED.’ Quantitative easing has worked and we are seeing increasing signs that the US recovery is pulling out of soft ground onto a firmer footing.

In our last letter, we noted our expectations for 2013: that investors’ risk appetites would gradually return and become more discerning, lifting global stock markets generally.

In September last year, a co-operation agreement was signed in Hong Kong and Shanghai between Luxembourg's Sparinvest Group and one of China's leading securities companies, Haitong.

The German ratings agency, Telos has awarded Sparinvest Emerging Markets Corporate Value Bonds an AA+ rating.

Our macro-economic view is one of guarded optimism.
We do not envisage steep recoveries occurring anywhere in the world, but we do see scope for the US and China to make gradual ‘middle-of-the-road’ recoveries, leading to slow improvement globally.

After more than four years of hunting for value in the wake of the global credit crisis, the portfolio of our Global Value Fund is – unsurprisingly – overweight in the most neglected and unpopular areas of the market, where we see the most compelling bargains.

Funds responding well when fear loosens grip on markets.

We continue to find pockets of high-yielding value ex-index.

With sovereign ceilings rising, corporate governance and overall transparency improving, demand and liquidity high and returns ...

The last 18 months have brought an earthquake in Japan and a debt crisis in Europe, and during much of this time macroeconomic worries ...

Sparinvest Holdings SE has entered a Heads of Agreement with Hai Tong Asset Management Limited...

The German ratings Agency, TELOS has awarded Sparinvest SICAV European Value an AA+ rating, ...

Sparinvest's High Yield Value Bonds was rated AAA- by the German rating agency, TELOS. One of the main reasons ...

Ikano Funds in Luxembourg has decided to merge all existing sub-funds into Sparinvest SICAV ...

TELOS has rated the Sparinvest High Yield Value Bonds.

Sparinvest has been named as one of the best users of Sustainable and Responsible Investment and Corporate Governance research in the asset management industry.

Emerging Markets countries have seen a growth slowdown in the last quarter. But in these countries – unlike Europe or the US ...

As a value investor Sparinvest has built an investment process to capture opportunities in the corporate bond market by value screening.