For a little over a year SIRA Group has been running an Income Portfolio designed to maximise the income and earnings to the investor whilst offering much lower volatility in the price. This portfolio invests in a variety of areas including preference shares, subordinated and/or convertible notes, corporate and government bonds and other traditional fixed income securities.
Over recent months, commodity prices and resource company share prices have fallen. What’s going on? Several factors are involved. Read on…
The US (22% of the world economy)
In the case of the US economy, we say ‘apparently slowed’, because the weather played a significant part. Unusually mild weather across the north and
Over the weekend, the “austerity” coalition in Greece won a majority of seats in the Greek Parliament in the second election in six weeks. However, as we have said before, the very high probability is that Greece will eventually default on its debts. Its debt equals 130% of GDP, even after previous “restructurings”.
From the beginning of the European crisis two years ago, it has been our conviction that Greece would be unable to pay its huge debts and would ultimately have to default. That is still our belief.