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Monthly Bulletin of Mutual Fund Compass Global Trends and Mutual Fund Compass Euroselect as of June 31st 2020.

Aug. 13, 2020

MARKET COMMENT

The upward movement of leading stock indices continued in July thanks to the measures to support the economy by governments and central banks. The broad US S&P 500 index rose by 5.51% during the month, reaching its pre-pandemic levels. The technological NASDAQ rose by 6.82% in July and reached new historical highs, driven largely by the largest technology companies (Facebook, Apple, Amazon, Alphabet, Netflix, Microsoft). In European indices, we saw a mixed movement: the German DAX index ended the month almost unchanged from June, while the broad Euro Stoxx and the French CAC 40 decreased. During the month, the price of gold also rose sharply (11% for the month and 30% compared to the beginning of the year) amid the decline in the US dollar against all major currencies.

 

Presentation of Mutual Fund “Compass Global Trends”

With a share price of 1,365 BGN, MF Compass Global Trends reported a yield of 4.27% for the month and 8.48% since the beginning of the year. At the height of the reporting season for the second quarter of the year, the positive results of the companies in the selection of the fund's portfolio contributed to the increasing of the value of the fund's units.

Price for one unit of the fund for the period from April 1st 2014 until July 31st 2020.

Presentation of Mutual Fund “Compass Euroselect”

The price of one share of MF Compass Euroselect was 0.9344 EUR, which is a slight increase compared to the end of June and a decrease of -3.76% compared to the beginning of the year. The reported decline is smaller compared to the leading European indices, which remain in negative territory compared to the beginning of the year. The German DAX index lost -7.06% of its value compared to the beginning of the year, the broad European EURO STOXX index deepened its movement in the negative territory with a decline of -14.31% for the same period, and the French CAC 40 fell to -19.98%.

Price for one unit of the fund for the period from July 16th 2018 until July 31st 2020.

Read more about the presentation of Mutual Fund Compass Global Trends and Mutual Fund Compass Euroselect in April, and find out more about the development of the global financial markets and management expectations HERE.