CURRENT MARKET COMMENTARY
Summer 2010
Newgate Emerging Markets Portfolio:
Newgate’s Emerging Markets Portfolio declined 10.1% in the second quarter and is down 8.6% for the year. The correction in emerging markets has been consistent with the pullback in other major market indices. (Read more)
Newgate Global Resources Portfolio:
The Newgate Global Resources Portfolio was
down 20.8% during the second quarter.
Despite the recent decline, the Portfolio is up
8.0% over the past 12 months, outperforming
the Dow Jones-UBS Commodity Index (2.8%). (Read more)
Newgate Global Fixed Income Portfolio:
Even as the global economic recovery slows,
investors have poured new money into the
fixed income markets. Newgate’s Global Fixed Income Portfolio gained 1.6% during the quarter and is up 8.4% year to date. (Read more)
Newgate Municipal Income Portfolio:
Newgate’s Municipal Income Portfolio rose 2.3% during the second quarter and is up 6.7% year to date, compared to 1.7% and 3.3% for the Lipper Municipal Fund Index. (Read more) |