Investment Commentary – September 2013

September 17, 2013

Fears over the potential tapering of Quantitative Easing in the US took hold in August as developed markets saw pre-emptive selling, prompting the question of whether we will see the investment mantra of ‘sell the rumor, buy the fact’ in September as the Federal Reserve likely confirms its intentions. For the month the S&P500 fell back from record highs, sinking -3.13%. The FTSE 100 turned -2.45% lower and Europe fared best with the DAX and CAC losing -2.09% and -1.48% respectively.

Investment Commentary Sept 13


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.