Last week , from July 30 to August 6 , the markets continued to grow despite for some relaxation in the middle of the week
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S \u0026 P500 index could break through the level of 1000 points (maximum - 1008 points), adding up to a week, 1%. The dynamics of the other indices was as follows way: CAC40 +1, 2%, DAX +0, 2%, FTSE100 +1, 3%, Rs 8, 2%. At the end of the week growth supported by strong data on unemployment and labor market, the published Friday in the U.S.. Strengthening of optimism in Europe and the UK contributed to the decision of the ECB and the Bank of England left the base interest rate unchanged. The Russian stock market reacted to the rapid growth of quotations to changes in oil prices. Futures price for WTI crude oil in September at the New York Mercantile Exchange (NYMEX) rose for the week by 7, 47%. However, the main reason for the increase remained still optimistic investors which disappears with the growth of the markets. Already on Thursday the U.S. market closed below 1,000 points. One sign of a possible correction in the near future time is the rapid decline of the index Baltic Dry, who last week collapsed by 16% and reached 2900 points. However, this decline is not surprising as the remains of iron ore in Chinese ports to set new records, and demand for Brazilian iron ore from Europe falls. This may indicate a slowing of growth in production of steel products in Europe and in Ukraine. Despite the ongoing threat of a major correction Ukrainian market has continued to grow. Over the past week, the PFTS index grew 4, 85%, and the Ukrainian stock index (UXI) - 4, 98%. The fundamental tone of the exchange game is still asking local investors, and trading activity, as and last week was centered around a narrow range of companies, "Ukrnafta" Ukrsotsbank, "Azovstal" and Enakievo Steel. On Tuesday, the market has undergone a small technical correction. Under pressure from retailers have been the most liquid securities of mining and smelting, and banking sectors, "Ukrnafta". However, we have often made sure that even amid the correction of the world indices Ukrainian market is able to show positive results. Weekly result of collective investment institutions (CII) was similar to previous week. The weighted average yield was 1 1%, but many funds showed results closer to the stock market indexes and even surpassed them. Outflows of funds increased, investors selectively record profits for some ISI, which is why NAV as a whole grew only on days 0, 8%. The average mutual funds result of open-end funds for the week amounted to 1%. Almost all the funds This group showed gains, the best was "Yaroslav the Wise - Equity Fund" which added 3, 7%. Only one public fund ended the week in negative territory. As a result, spreads remained low at 3 and 8 ap main reason NAV falls to 0, 2% was the movement of funds. A week of open-end funds Investors took 2, 5 mln., the bulk of which was paid Fund "Sparta Balanced". In the last three weeks of outflows no more than a million hryvnia, and a sharp increase may signal its of a trend reversal. Interval Interval funds funds finished the week with a score of 0, 9%. However, the best fund of the week ("Premier Growth \u0026 Income Fund") showed the result is much higher than the market, gaining 13%. The second and third place on the profitability anchored foundations "Alternative" (2, 41%) and "Platinum" (1, 93%). Although this week came an interval period, but the outflows of the funds were small - 475 ths. For this reason, NAV rose only at 0, 6%. Only one interval fund ended the week with a loss. Sharp growth yield better fund led to an increase of spread to 14 pp Closed non-diversified funds Closed-end funds were the best this week with a score of 1, 5%. Three leaders as follows: "Premium Fund Energy "(6, 00%)," Amadeus-Index PFTS "(3, 93%) and" Aurum "(3, 39%). In Due to the fact that a small fund has fallen by 8%, the spread rose to 14 pp There were no movements were observed, NAV has grown as the 1, 5%. Bonds Bond funds are funds finally showed a positive result, earning week 0, 5%, on an annualized basis is 30%. All members of the this group ICI finished the week in positive territory. Cash flow was minimal, Net and grew well at 0, 5%. Left on Friday forecast strong data on U.S. labor market is likely to support the upward trend in the world market. The main part of the latest statistical data on U.S. shows about restoring the American economy that have a positive impact on oil futures and, as a consequence - to investors in the Russian market, followed by the last three months should be, and Ukraine. Expected correction if and the same occurs, it is likely to be short and shallow. The Main Event week, which many investors expect - it's shareholders' meeting "Ukrnafta". His results show how wrong were those who bought the paper pending payment of large dividends. We advise to keep the former strategy and invest funds in "blue chips" progressively, on the strong market pullbacks. Market Overview has been prepared by ICI AMC "Dragon Ecset Management"
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