Weekly Market Comment – June 24th 2019

Last week was a risk on week for Global markets. In the US the FED primed investors for a rate cut this year. They removed the word ‘patient’ from their statement signalling a willingness to cut rates. This lifted the S&P 500 back to record levels, albeit on low volumes. Treasury yields traded lower, with the 10 year going below 2% for the first time since 2016. Sectors that are seen as being long duration such as Technology and Utilities outperformed. In Europe the story also revolved around central banks with the ECB President Mario Draghi signalling the bank could offer more stimulus as early as next month if growth continues to stall. Geopolitical tensions in the Middle East led to a rally in oil.

– Derek Heffernan

 

What Defines Us

Appian is a leading Irish based and owned asset manager, managing a range of funds which invest globally, to grow and protect our clients’ assets while generating sustainable income.

Established in 2003, we are active managers and all investment activity is carried out in house. Risk management and downside protection is a corner stone of our investment approach. We invest for both retail and institutional investors, delivering and compounding solid returns with low volatility.

Our clients include private clients, pension funds, endowments, charities and corporates.

Investment Style

 

Our Investments are driven by a focus on Risk and Return

 

Active Management is at the core of our Process

 

We believe in making the big decisions to protect our client’s assets

 

A Focus on Quality and Valuation underpins all our Investments

 

We invest with a long-term focus

 

We believe in what we do and invest beside our clients

Appian Funds

The Appian Value Fund is a Dynamic multi-asset fund. It has a long track record of low volatility and a focus on long term growth and capital preservation.

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The Appian Ethical Value Fund applies an ethical overlay to the Appian Value Fund.  It has the same focus as the Value Fund in terms of diversification of assets, low volatility in nature and focus on long term growth.

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The Appian Equity Fund is a Concentrated Global Equity Fund.   It is managed through a bottom-up approach, focusing on investing in companies that have strong values and quality characteristics.

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The Appian Liquidity Fund is an active fund which invests primarily in cash deposits with the objectives of achieving appropriate levels of return and preserving the value of the capital

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The Appian Small Companies Opportunities Fund is a Concentrated Equity Fund.   It invests in small and mid cap stocks, targeting well-managed, high quality, cash generative companies capable of delivering sustainable growth over time but who are undervalued.

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The Appian Burlington Property Fund invests in Irish commercial property with a focus on properties in the €5-15 million range with strong tenants and growth potential.

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5 Year Annualised Returns

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Equity Fund

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Small Companies Fund

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Value Fund