The key US market indices ended in a negative zone for the seventh consecutive week. This is the longest losing streak from over ten years. The S&P 500 approaches the territory of the bear market with its 17% decline. Investors remain worried for the potential impact of the inflation over the economy, the future aggressive increase of interest rates, and the slowdown of the growth in corporations’ profits.

According to MSCI EAFE and MSCI EM indices, international stocks rose this week. MSCI EM increased slightly. One of the reasons for this is that while most central banks are imposing tight regimes, because of their tries to fight the high inflation, the Chinese government does the exact opposite in order to support its economy. International stocks were also supported by the current weakening of the US dollar. 

Bonds
The Bloomberg Aggregate Bond Index ended higher for second consecutive week. Considered by the investors as a shelter, bonds were supported along the sales of stocks. As a result, the profitability of 10-year bonds continues to decline. 
Corporate bonds with high profitability, traced by the Bloomberg High Yield index, ended the week negatively, while continuing its downward trajectory for 2022.

Raw Materials
The price of natural gas continued to increase and ended steadily on a positive zone. The discussion about the implication of US tariffs, as well as EU sanctions on Russian oil, create an additional pressure on the price of energy. The prices of key materials like gold, silver, and copper performed well after their decline for the last three weeks.  

If you are interested in the investment opportunities which Compass Invest Management Company can provide to you, please contact us for a free financial consultation according to your personal financial situation here.



Disclaimer: 
This information is marketing material and does not present investment consultation, advice, investment research, or investment recommendation. The information is valid as of the issue date of the marketing material and may alter in the future. The value of the units in the collective investment schemes changes over time and it could be higher or lower from the value at the time of the investment. No profits are guaranteed and risk exists for the investors to not receive the full amount of their investments. Investments are not guaranteed by a guarantee fund which is created by the country or another form of guarantee. Information on the performance of the financial instruments in the past is not a reliable indicator for future performance. Therefore, it is recommended for investors to acquaint themselves with the Prospectus and the Document with key information for investors before making a final investment decision. You can find these documents in Bulgarian on the website of Compass Invest - www.compass-invest.eu, and you can request and get a free paper copy at the office of the management company at: Sofia, ul. George Washington № 19, 2nd floor, during every business day from 9 am to 5 pm. Future results are subject to taxation, which depends on the personal situation of each investor and may change in the future. A summary of the rights of the investors is available at the following hyperlink in Bulgarian: here. The mutual funds, which are managed by Compass Invest, are actively managed without following an index. We would like to inform you that Management Company Compass Invest can make a decision to terminate the offering of funds on the territory of the Republic of Bulgaria. The investment in units of mutual funds, in addition to benefits, carries certain risks like: liquid, operational, interest, currency, and political risk, as well as macroeconomical risk, currency risk, concentration risk, etc. The full information about risks can be found in the Prospectus of the respective fund.