August monthly reports published
August was a bit of a roller coaster in the financial markets as Turkey initiated an Emerging Markets derisking. Flight to quality drove the dollar stronger and yields in safe haven markets lower. The risk sentiment returned somewhat by the end of the month but yields ended lower, especially in the long end.
Both Excalibur and Trude are positioned for higher interest rates and took a negative fund valuation from the lower yields. Excalibur returned -0,41% in August and Trude returned -0,40%. Log in with your password and read the entire monthly reports for Excalibur and Trude with market comments, numbers and thoughts ahead.