Fact sheets derivative funds
Three out of four indices in which the Active Leverage funds operate ended up in green in local currency. Converted to euro the Bovespa Index performed best, followed by the Nifty and HSCEI Index, while the Nikkei Index stepped back. The main move did not come from the stock markets, but from the US dollar.
The greenback is under pressure because of the possibility of further rate cuts and stimulus by the Fed, the difficulty of controlling the pandemic, the presidential elections in autumn and the ongoing trade war with China. This may be beneficial in the countries in which the funds invest.
For the latest developments in all four financial markets in which the Active Leverage funds invest and insight into economic data, please check the most recent fact sheet.