News & Resources
Global Market Review - June 2012

A relief rally on the last trading day of June managed to salvage an 'up-and-down' month across equity markets but failed to redeem a difficult quarter. The source of the relief was the relaxation of conditons on the 100 billion Euro loan to the Spanish banking system and the hope that Germany was softening in its opposition to collective debt issuance of Euro bonds. Less promising are signs that the US economy is rapidly weakening: the ISM manufacturing purchasing managers' index (PM) plunged to 49.7 from 53.5 in May, a reading which indicates economic contraction.

Read CFAL Global Market Review - June 2012
Global Market Review — May 2012
Global stock markets were routed in May in some of the worst monthly declines since the September/October flash crash of last year. As it did back then, the trigger came from Europe as Greek contagion spread to too-big-rescue Spain and as a series of weak data compnded signs that the U.S. economic recovery might be stalling. Click Global Market Review May to read more...
Global Country Review - Brazil

Over the next four quarters we will examine the economies and markets of the BRICs: Brazil, Russia, India and China. Coined by Jim O’Neil of Goldman Sachs in 2011, the acronym symbolizes the high growth economies of the emerging markets which are poised to eventually supplant the developed world as global economic leaders. In our series of articles, we will examine and often challenge the assumption that their ascendancy is inevitable. Click The Future is Now? to read more…

International Market Review & Outlook - March 2012 Pt. 2

Chances are some of you are reading this on an Apple iPad. Through April 12th, the world’ most valuable company had surged 653% since the market lows of March 2009, accounting for 8% of the S&P500’s climb. However, the S&P500 has almost doubled since that same time even when Apple is excluded. A look at the perfor- mance of the S&P500 Equal Weighted Index, which gives each com- pany the same contribution regardless of size, has returned 34% annualized over the same period, a full 5.8% more than the capitali- zation weighted S&P500. The conclusion: this has been a broad- based market rally based on strong profit growth. More than 57% of companies listed on the New York Stock Exchange (NYSE) were trading above their 200-day moving average, compared with 7% on October 3rd, the low point for 2011. Apple has no doubt added some excitement to the market but all market sectors have risen. Click on Global Asset Classes: Equities to read more...

International Market Review & Outlook - March 2012 Pt. 1

Global stock markets were a mixed bag in March, as gains in the US and Japan were offset by losses in the emerging markets and Europe (excluding Germany). Japan posted an unex- pected trade surplus for February after four straight months of deficits, driven by strong ex- ports to the US. In contrast, Euro-region unemployment rose to its highest level in more than 14 years (10.8%) while manufacturing contracted for an eighth straight month, adding to signs that the region probably slipped into recession in the first quarter. Click on CFAL Global Market Review - March 2012 to read more...

CFAL Global Market Review — April 2012

What do Slovenia, Italy, Czech Republic, Ireland, Greece, Denmark, Portugal, Netherlands, Belgium, UK and Spain all have in common? The answer is they are all in recession. Standard & Poor's (S&P) downgraded Spain by two notches on April 26th in a sign of persistent investor concern over the stability of the Eurozone. The debt dynamics of Spain are rapidly deteriorating as the nation’s bond yields rise. The yield on Spain’s 10-year bond approached 6% in mid-April, renewing concerns that they may be forced to seek an international bailout. CFAL's Global Market Review — April 2012 provides an analyisis of recent trends in the global market...

Quarterly Market Recap - Quarter 3 2011

The BISX All-Share Index declined this quarter, losing 32.44 points or 2.427 percent to close at 1,376.14. Trading volume increased over the quarter as 803,865 shares crossed the exchange over 298 trades to accumulate a value of $2,842,891.02 compared toQ2 when 586,291 shares crossed the exchange over 296 trades to accumulate a value of $3,567,894.45. Market capitalization increased fell over the quarter by 2.44 percent or $7.909 million to $2.910 billion

Family of Funds Quarterly Review

Find out more about the performance of the CFAL family of funds.  From our Money Market Investment to Global Equity Fund you can learn how your investments are performing.


Weekly Market Recap - 12/23/2011

The local market ended this week with 99,475 shares crossing the exchange over 27 trades to accumulate a value of $628,570.77. The BISX All-Share Index gained 6.21 points or 0.463 percent to end the week at 1,346.95. Year to date the Index is down 152.56 points or 10.174 percent. Eight of the nineteen publicly traded companies experienced activity, resulting in three advancers and two decliners. Advancers included Bank of the Bahamas Limited (BOB) up $0.24 or 4.00 percent, Commonwealth Bank Limited (CBL) up $0.07 or 1.08 percent and FOCOL (FCL) up $0.20 or 4.17 percent. Decliners included Consolidated Water (CWCB) losing $0.19 or 10.358 percent and Finco (FIN) losing $0.21 or 4.46 percent.

Market Recap - Fourth Quarter 2011

Markets improved appreciably after a dismal third quarter, alt-hough the elevated volatility made it difficult for most market participants, including supposedly savvy hedge funds, from cap-italizing on those gains. Investors ended the year frustrated and skeptical after a year in which many realized they had underesti-mated just how unpredictable investing will be in the aftermath of the credit crisis and in the face of ongoing deleveraging in the developed world.


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