Monthly Archives: May 2021

April Commentary

In April, our net weighted average return in was +3.45%. Our net average return for the month by strategy:

Conservative: +1.83%

Balanced: +2.61%

Growth: +5.96%

Through the first four months of 2021, our net weighted average return was +6.62%. Since 2015, we have generated a net weighted average return of +64.62%.

An optimistic earnings season

In the US, the strong improvement in the economic and business outlook has been a common theme in management earnings commentary. Depending on their state of reopening, managements range from optimistic that pent-up demand will jump-start growth to confident that the currently strong strides in recovery will continue. Even those in particularly COVID-sensitive sectors, like airlines, are confident that demand will bounce back once all restrictions are lifted.

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Copper – The Key to a Green Future

The Latvian version of this article is available in print in the May2021 issue of Forbes Latvia

Over the next seven years, the EU has budgeted 1.8 trillion euro – or 60 times Latvia’s current GDP – to help rebuild “a greener, more digital and more resilient” post-COVID-19 Europe. The largest share of this astounding amount of money, around 1 trillion euros, will go towards the fiscal embodiment of what the EU considers to be “cohesion, resilience and values.”

What does that mean? Well, according to the money pledged to the Recovery and Resilience Facility (RRF), in order for EU members to access the majority of this funding, a minimum of 37% must go towards climate investments and reforms, while a minimum of 20% must go towards fostering digitization.

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