April 05 2017
The Italian stock exchange has gained 5.8% since the start of the year, perfectly in line with the performance of Euro Stoxx 50 companies. But if we broaden our analysis to consider the past few years, there remains considerable lost ground yet to recover and - as we’ve been saying for a few months now – we still favor cyclical sectors like financials, energy and industrials for 2017.
March 30 2017
Kairos Group reaches another important international recognition at the end of the first quarter. Kairos International Sicav KEY got on the London podium to receive the UCITS Hedge Awards in 2017 for Best Performance in three years in the Long/Short Equity - Regulated Utility Sector Specialist category.
March 08 2017
After a complicated start, the Italian stock exchange has regained lost ground and is now back in line with the prices seen at the start of the year: +0.75%. The macro scenario - with high debt and an uncertain political situation - does not make buying Italian very desirable. But if you focus on micro aspects, you’ll find that Borsa Italiana is a treasure trove of interesting names.
February 01 2017
It’s news to no one that politics affect the BTP/Bund spread, as we’ve seen in the past few weeks with the debate about whether early elections will be held: the spread rose to 184 bp, levels last seen in summer 2014. The current news from Greece, which isn’t very reassuring, has certainly not calmed concerns.