Luxembourg, May 23, 2012 – Cardea International, a leading investment management company focusing on multi-asset fund of funds, recently released their market commentary for their Mosaic Global Fund for the month of April 2012. The market commentary is written by Per Olov Jansson, Owner and Director of Cardea International and the multi asset allocation fund of funds – Mosaic Global Fund.
“Global markets were mixed during the month of April, with stock markets in general being weaker together with commodities, but with stronger bond markets. The Mosaic Global Fund performance was, -0.26% for the EUR class, over the month. We reduced equity exposure during March together with strong positive performance in one of our hedge fund holdings focusing on credit markets. As well our managed futures holdings performed generally well.
Over the coming weeks we are preparing to take advantage of any weakening in global markets, especially the stock market, to again increase our holdings, particularly in the US. The US stock market has been very resilient and has performed among the best in the developed countries. We are maintaining our current allocation in emerging markets. When we look at the present statistics about investors being relatively negative in the short term, we feel that this is suggesting that the medium term uptrends in stock markets still have some way to go. In our view, investors need to be much more positive and fully invested before we see some dramatic moves to the downside again.
Finally, for all advisors worrying about the current RDR developments in the UK/Europe, and also for the ones who are not, but are interested in building some substantial trail from assets under management, we have a 2012 special offer in place that should be of interest to you. Please contact us at [email protected]
to find out more.”
About Cardea International
Cardea International is an investment management company based in Luxembourg. The company is currently managing its Mosaic Global Fund SICAV – a Multi-Asset Fund of Funds. Cardea envisions, launches and manages a range of wealth management funds targeted to Intermediaries, Individual Investors and Institutions. By combining investments across a wide range of asset classes, a highly diversified portfolio is achieved, which produces increased risk-adjusted returns and lower volatility.
For more information on Cardea International’s Mosaic Global Fund, visit the newly redesigned website at www.cardeainternational.com