Market review & Performance contribution and portfolio changes

Global Macro posted a positive performance this month of July closing at +0.77 %, and INVESTO achieved a positive result of +3.08 %.
The Private Managed Portfolio, records a positive performance of +0.63 %, since January 2017 on a YTD basis.

Outlook and strategy

The month of August was strongly characterized by an upsurge of political risk—led by mounting US-North Korea tensions and terrorist attacks in Spain— that triggered investor nerves, boosting volatility and pushing some market returns into negative territory. tension between the U.S. and North Korea flared up, and Global stocks fell. Perceived safe havens such as the Yen, Swiss Franc, Gold, Government Bonds rallied. VIX trading volume hit a record high.

Stocks still look attractive to bonds over the medium term. Global bonds performed well, with a 1.0% return driven by a broad-based contribution from almost all fixed income asset classes.


A highly qualified and experienced management actively manages the accounts on the basis of a fundamental valuation approach. The objective is to identify the potential investments that, in the Investment manager’s opinion, are most attractive and to generate interesting and profitable opportunities for investors. The managed accounts invest in currencies and in indices in a broadly diversified manner and seeks opportunities for returns wherever they exist.


The investment strategies invest in derivatives, which are subject to the risks of their underlying markets or underlying instruments as well as issuer risks and often involve higher risks than direct investments.

  • This type of investment is more suited to investors with a medium/high degree of risk and a short to medium investment horizon.
  • The portfolio can suffer from short term losses and fluctuations.


Important legal information
The views expressed herein are those of the manager at the time and are subject to change. this is for professional clients only. Any disclosure, reproduction, distribution or other use of this information by an individual or entity, without previous written authorization by AFX Capital Markets Ltd, is strictly prohibited. AFX Capital Markets Ltd, trading as Quantic, is authorized and regulated by the Cyprus Securities and Exchange Commission (CySEC) with license no. 119/10 and registration no. 253014. The address for AFX Capital Markets Ltd is Gladstonos 116, Kyprianou House, 1st floor, 3032 Limassol, Cyprus. We provide portfolio management services to the remainder of the EU under the MiFID Passporting Regime on a Cross-Border basis. The content of this brochure is for informational purposes only and under no any circumstances can be considered to be a solicitation or an offer to sell / purchase the services offered by AFX Capital Markets Ltd. This brochure should not be regarded as a constituting investment, legal, taxation, or any other type of advice. It has been prepared by a team of professionals at AFX Capital Markets Ltd on the basis of the information available at the time of writing. This document is perceived to be reliable and it accurately reflects our team’s personal views. The company disclaims any responsibility for the correctness and accuracy of this content. Forex and CFDs are leveraged instruments, carrying a high degree of risk, and therefore may not be suitable for all investors. The value of investments and the income from them can go down as well as up and you may not recover the amount of your original investment. Past performance is no guarantee of future success. Seek independent financial advice if necessary. Please bear in mind that investing is not for everyone and the value of investments can fall as well as rise so you might get back less than you invest. The direct investing service doesn’t give personal advice on investments. If you’re unsure, seek independent advice. Tax rules can change in future. Their effects on you will depend on your individual circumstances.

FX and CFD trading are high risk and may not be suitable for everyone, ensure you fully understand the risks. You may sustain a loss of some or all of your invested capital.You may sustain a loss of some or all of your invested capital