RAM Experts: Investors are eagerly anticipating upcoming June events

Specialists of the Rietumu Group have prepared monthly performance report of Rietumu Asset Management investment funds for May. The report contains an analysis of key economic data, monetary policy, developments in stock, bonds and commodity market as well as recent experts’ comments.

“Macroeconomic indicators from the Euro area and the U.S. positively surprised investors in May. Both economies showed strength in labour market, improvements in some economic indicators and further growth of consumer expenditures. The positive surprise on the released data portrays a tendency of some market participants to exaggerate risks and emphasizes importance of fundamental analysis,” say RAM portfolio managers.

“Oil prices continued slow, but steady recovery. In late May started Americas summer driving season, during which demand for oil historically increases. The U.S. Energy Information Administration expects a record level of oil demand this year,” note experts.

The report highlights that the key event of May was release of April FOMC minutes, according to which a probability of federal funds rate hike appeared to be higher than market participants previously thought.

Forthcoming month promises to be eventful. Investors are eagerly awaiting several significant events: OPEC meeting, FED meeting and UK referendum.

The latest RAM report and experts’ commentaries can be found here.

Rietumu Asset Management (RAM) is part of Rietumu Bank, the leading private bank in Latvia. The company provides professional asset management services. RAM’s products and services are intended for a wide range of investors and are designed to meet the specific demands and needs of each customer. In the current market conditions, RAM’s specialists offer their customers the ability to reach an effective yield to risk ratio.

DISCLAIMER: This overview (including any attachment (-s)) does not constitute a request, offer, recommendation or invitation of any kind to buy, sell or redeem any financial instruments or to conclude and/or to perform other transactions of any kind. The authors of the information presented in this overview, as well as JSC “Rietumu Asset Management" IMF, registered in the Commercial Register of Republic of Latvia on January 29, 2014, registration number 40103753360, legal address: 7 Vesetas Street, Riga, LV-1013, Latvia, hereinafter referred to as “RAM” , both together and individually, are not liable for possible use of the information presented in this overview, including any direct or indirect damages (including lost profits), as well as any penalties. Evaluations, opinions and forecasts presented in this overview are based solely on the RAM’s specialists' conclusions regarding financial instruments and issuers considered in this overview. While the information contained in this overview is obtained from sources believed to be reliable, the RAM does not guarantee its accuracy and completeness. Any of your investment decision should be fully based on your assessment of your personal financial circumstances and investment objectives. The RAM draws your attention to the fact that transactions in the securities and financial instruments market involve risk and require appropriate knowledge and experience.

Eleonora Gailisha
Mass Media and Public Relations
Phone: +371-67020506
Fax: +371-67020563
E-mail: egailisha@rietumu.lv