Here you will find a chronological list of factsheets, The SUNARES Report as well as the issuing prospectus, original brochure and annual report.
There is a filter on the right-hand side so that you can request to see the list of any of these documents. For example, by selecting factsheets you will see only the list of factsheets.
For those readers who would like to see the German language version of these papers they are available by choosing to enter the German (Deutsch) version at the top-right hand of the site. Happy reading!
The market landscape received a significant jolt in the last quarter of 2018 and we thought it high time that we write one of our longer reports for investors. We hope this provides a useful insight into current and possible future changes. As we said when we wrote our last report, central bankers remain centre stage.
The Winds of Change – Trend Reversal
Since our last full SUNARES report all the way back in May 2015 (a technical review came in between in July 2015) the world has continued to be enthralled by the actions and words of our central bankers for it is they who dictate the direction of markets.
The successful campaign against the Swiss National Bank and the Saudi Arabians
In this report we wanted to take a look at two instances where our investment and thought process have worked well recently and to shine a light on one of the ways in which we conduct our business using the combined strengths of the teams based in London and Austria…
We have not published a report for some time but this update review's Japan’s extraordinary approach to monetary intervention. The scale of Japan’s quantitative easing (QE) programme is already extreme given that October’s QE announcement announced total debt monetisation.
However, there is a strong case to suggest that Japan has started along a road that can only lead to further QE intervention that in turn will lead to further weakness for the yen. There are significant implications for asset markets across the world if this scenario does indeed play out and investors need to be positioned for it.
This report looks back at a year that was dominated - once again - by central banks and we look at "easy money" and its influence on asset markets. We ask what changes we might expect from Janet Yellen who takes over from Chairman Ben Bernanke at the Federal Reserve and we contrast the US situation with the deflationary spectre that is very much evident in Europe. Monetary policy has to see a shift in Europe to avoid deflation taking hold. Following on there is a review of agriculture and the increasing frequency of abnormal weather patterns i.e. extreme cold in the US or the incessant rainfall and resulting flooding in the UK to mention just two recent examples. The final section looks at the precious metals and their current valuation levels and we look back at the Asia crisis in 1998 to see what might develop from here. We wish you pleasant reading!
The latest SUNARES report which takes a look at the global theme of water.
Our latest SUNARES report takes a detailed look at the current battle between deflation and inflation and why the size of the debt mountain ensures that this tug-of-war will continue. We also follow up on our November report’s look at China and how the latest economic figures are shaping up and finally we look at the US Department of Energy’s prediction for oil production and why their assumptions may prove hard to fulfil.
Our latest SUNARES report has a look at the current state of growth in China and what this means for the future price of commodities, we also review the latest round of central bank announcements and monetary policy decisions and why this is important for the inflation outlook, how tricky it is to stay invested in a bull market, the latest on gold and silver, why food prices are set to rise for years to come and finally a brief look at natural gas and in particular the impact of shale gas on supply and prices.
Our latest SUNARES report which covers the latest round of QE policies (money printing!), takes a look at gold as money and updates the picture for precious metal shares. We also share our thoughts about possible career choices for the young and energetic and finally we look at the falling price of tablet computers and why this is relevant to future productivity and freedom.
Our latest SUNARES Report covers the renewed risk-on appetite, gold movements and central bank accumulation as well as a regulatory filing from JP Morgan that has very serious implications for the valuation of derivative contracts and bank balance sheets in general.
Our latest SUNARES report which takes a look at the European conundrum, undeclared losses in the banking sector, a possible rebasing of the calculation method for index-linked bonds in the UK as well as other useful snippets!
Our latest SUNARES report which gives insight into the new European Stabilization Mechanism (ESM) – you may or may not have heard of it but we think you will be shocked by the way in which it has been set up – we certainly are. We also look at Spain’s difficulties and how this fits in with the ESM.