The ECB’s January stimulus-initiative has resulted in sharp rallies in some of
the leading developed-world stock market indexes relative to the S&P 500
Index (SPX). The broadening relative strength (R/S) of the developed world stock
markets versus the SPX may be signaling brighter economic growth prospects &
strong improvement in corporate profits.
The Fed’s bold QE programs have resulted in lifting U.S. financial asset prices and provided support for the domestic economic recovery. With the launch of a bold QE program by the ECB, it would be natural to see a similar outcome for the European Union (EU) equities and prospects for economic growth.
The EU and Japan appear especially-well positioned given the large depreciation in their respective currencies. Many years of poor relative strength (R/S) in their stock markets, lackluster economic growth and low-investor expectations offer compelling risk/reward attributes. Even a modest allocation of global equity-market capital flows away from the SPX could result in worthwhile capital appreciation.”
* Minimum return of double the net capital invested if the global portfolio return is positive at the end of five years
* Significant capital protection (capital guaranteed up to negative 50% returns at the end of five years)
* Exposure to the performance of the European (70% Euro Stoxx 50) and US equity markets (30% S&P 500)
* Full currency protection
* Tax Efficient – 10% CGT within the endowment
* Zero % fund management fee
Please see attached: 3 YEAR GRAPH OF THE EURO STOXX 50 (with 50 and 200 day moving averages).
FINAL DATE TO
INVEST 20 MARCH 2015!!
Kind regards,
Tersia van Nieuwenhuizen
Independent Contractor to Discovery Life
Direct: +27 21 975 3199
Fax: +27 21 975 3995
Email: tersiav@ic.discovery.co.za
URL: www.discovery.co.za
An authorised financial services provider - FSP No. 18147
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