AS WE START A NEW DAY ON WALL STREET …. MAY THE INVESTMENT GOD’S BE WITH YOU ………          

Total returns for September Asset Performance…

Taking a step back, for Q3, the big winners during the quarter were commodities and EM markets. Of the top ten in local currency terms, seven fit one of these categories including the Bovespa (+18%), Brent (+15%), Micex (+14%), WTI (+12%), Copper (+10%), MSCI EM Equities (+8%) and the Shanghai Comp (+6%). The FTSE MIB (+11%), Hang Seng (+9%) and Portugal General (+6%) round out the other three places.