And the search for yield continues into 2020!
Ancoria Insurance
January 2020
Ancoria Insurance
And the search for yield continues into 2020!

In 2019 interest rates on deposits remained negative and investors with low appetite for risk continued to face the “permanent” problem of finding investments with positive yields. In this environment, two of our structured funds came to the rescue as they provided impressive equity-like returns and at the same time protected the initial capital of their investors from the volatile market conditions we experienced in the last two years. More specifically in the fourth quarter of 2019:

  • A structured Fund denominated in SEK and one in EUR were autocalled giving 12% and 10% return respectively!
  • A new structured Fund denominated in SEK, aiming for a gross return of 6.75% per year, was launched and was fully subscribed!

Going into 2020, we are aiming to launch more structured funds denominated in both EUR and SEK.

Global Market Snapshot
A brightened outlook for the global economy, a partial trade deal between US and China, a possible Brexit resolution and a loose monetary policy around the globe have buoyed equity markets during the fourth quarter. US and European equities were up by more than 25% for the year, while bond yields have rebounded from their lows despite the accommodative monetary policy, reflecting the improved sentiment among market participants.
Ancoria's Top Performing Funds
(as at 31/12/2019)
Fund NameYTD % (EUR)YTD % (SEK)
Real Estate40.2943.27
Ancoria/Carnegie Russia39.2442.20
Global Growth31.6034.40
Ancoria/Carnegie Sweden30.8333.61
Ancoria/Carnegie Small Cap Fund29.8432.60
About Ancoria Insurance
About Ancoria Insurance
Contact us
Telephone +357 22 551300 Email
Address 36 Laodikias Street, Strovolos, 2028 Nicosia, Cyprus
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