Investment Commentary – October 2013

October 7, 2013

The third quarter of 2013 finished with a flourish for equities, as markets globally posted gains. These gains were some way off the intra-month highs seen after the great tapering non-event of September, which was initially greeted warmly by global financial markets, but that enthusiasm soon waned and we have steadily traced lower since. Developed markets saw similar gains, with the major outliers being the FTSE 100 (underperforming its peers with a +0.88% rise) and the Spanish IBEX, which saw an impressive +10.80% gain, finishing the quarter up +18.34%.

Investment Commentary – October 2013


Associated Offices
Douglas
Knox House, 16-18 Finch Road,
Douglas IM1 2PT
London
7 Old Park Lane, London,
W1K 1QR
Manchester
Blackfriars House, Parsonage,
Manchester M3 2JA

Clients are advised that the value of investments can go down as well as up. Creechurch Capital Limited is licensed by the Isle of Man Financial Services Authority and registered in the Isle of Man, number 5267V.
VAT Registration No. 003 2910 30. Registered Address: Knox House, 16-18 Finch Road, Douglas, Isle of Man IM1 2PT. For your security communications may be recorded. Full product details including Terms & Conditions and Fee Schedule are available upon request.