{"id":741,"date":"2019-10-11T17:33:52","date_gmt":"2019-10-11T15:33:52","guid":{"rendered":"http:\/\/kallistopartners.com\/eng\/?p=741"},"modified":"2021-07-09T11:19:29","modified_gmt":"2021-07-09T09:19:29","slug":"commentary-30-september-2019","status":"publish","type":"post","link":"https:\/\/kallistopartners.com\/it\/commentary-30-september-2019\/?lang=en","title":{"rendered":"Commentary 30 September 2019"},"content":{"rendered":"<div id='full_slider_1'  class='avia-fullwidth-slider main_color avia-shadow   avia-builder-el-0  el_before_av_section  avia-builder-el-first   container_wrap fullsize' style=' '  ><div   data-size='no scaling'  data-lightbox_size='large'  data-animation='slide'  data-conditional_play=''  data-ids='59'  data-video_counter='0'  data-autoplay='false'  data-bg_slider='false'  data-slide_height=''  data-handle='av_slideshow_full'  data-interval='5'  data-class=' '  data-el_id=''  data-css_id=''  data-scroll_down=''  data-control_layout='av-control-hidden'  data-custom_markup=''  data-perma_caption=''  data-autoplay_stopper=''  data-image_attachment=''  data-min_height='0px'  data-src=''  data-position='top left'  data-repeat='no-repeat'  data-attach='scroll'  data-stretch=''  class='avia-slideshow avia-slideshow-1  av-control-hidden av-default-height-applied avia-slideshow-no scaling av_slideshow_full   avia-slide-slider '  itemprop=\"image\" itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/ImageObject\" ><ul class='avia-slideshow-inner ' style='padding-bottom: 28.666666666667%;' ><li  class=' av-single-slide slide-1 ' ><div data-rel='slideshow-1' class='avia-slide-wrap '   ><div class = \"caption_fullwidth av-slideshow-caption caption_center\"><div class = \"container caption_container\"><div class = \"slideshow_caption\"><div class = \"slideshow_inner_caption\"><div class = \"slideshow_align_caption\"><h2  style='font-size:55px; color:#ffffff; ' class='avia-caption-title  '  itemprop=\"name\" >Updates<\/h2><\/div><\/div><\/div><\/div><\/div><img src='https:\/\/kallistopartners.com\/it\/wp-content\/uploads\/2016\/08\/test.png' width='1200' height='344' title='test' alt=''  itemprop=\"thumbnailUrl\"   \/><\/div><\/li><\/ul><\/div><\/div>\n<div id='av_section_1'  class='avia-section main_color avia-section-default avia-no-shadow  avia-bg-style-scroll  avia-builder-el-1  el_after_av_slideshow_full  avia-builder-el-last   container_wrap fullsize' style=' '  ><div class='container' ><div class='template-page content  av-content-full alpha units'><div class='post-entry post-entry-type-page post-entry-741'><div class='entry-content-wrapper clearfix'>\n<div  style='padding-bottom:10px; ' class='av-special-heading av-special-heading-h3    avia-builder-el-2  el_before_av_one_half  avia-builder-el-first  '><h3 class='av-special-heading-tag '  itemprop=\"headline\"  >Commentary 30 September 2019<\/h3><div class='special-heading-border'><div class='special-heading-inner-border' ><\/div><\/div><\/div>\n<div class=\"flex_column av_one_half  flex_column_div av-zero-column-padding first  avia-builder-el-3  el_after_av_heading  el_before_av_one_half  \" style='border-radius:0px; '><section class=\"av_textblock_section \"  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock  '  style='font-size:14px; '  itemprop=\"text\" ><div class=\"page\" title=\"Page 1\">\n<div class=\"layoutArea\">\n<div class=\"column\">\n<p>In the third quarter of 2019 the Aristea New Frontiers fund registered a performance of -2.3% in USD, higher than the benchmark -10.7%. The past quarter was a very volatile one for financial markets. Despite the negative result, it seems that the Frontier Markets are suffering less from the concerns regarding the trade war between the United States and China, which instead are having strong impacts on Emerging and Developed markets. Even in this uncertain scenario, the Frontier Markets are still proving to be a source of diversification of portfolio risk. In fact the operators are concentrated on their economies driven by solid macroeconomic fundamentals and more attentive to local growth drivers.<\/p>\n<\/div>\n<p>Finally it is worth highlighting how the fund, following the indications of our models based on behavioural finance studies, has avoided the turmoil in the Argentine market closing all the positions by the end of May.<\/p>\n<\/div>\n<\/div>\n<\/section>\n<p style=\"text-align: justify;\">\n<\/div>\n<\/div>\n<\/div>\n<div class=\"page\" title=\"Page 2\"><\/div>\n<\/div><\/section><\/div><div class=\"flex_column av_one_half  flex_column_div av-zero-column-padding   avia-builder-el-5  el_after_av_one_half  avia-builder-el-last  \" style='border-radius:0px; '><p><div  class='avia-image-container  av-styling-    avia-align-center '  itemprop=\"image\" itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/ImageObject\"  ><div class='avia-image-container-inner'><div class='avia-image-overlay-wrap'><img class='avia_image' src='https:\/\/kallistopartners.com\/it\/wp-content\/uploads\/2019\/10\/September_2019-300x216.jpg' alt='' title='September_2019' height=\"216\" width=\"300\"  itemprop=\"thumbnailUrl\"  \/><\/div><\/div><\/div><br \/>\n<div  class='avia-image-container  av-styling-    avia-align-center '  itemprop=\"image\" itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/ImageObject\"  ><div class='avia-image-container-inner'><div class='avia-image-overlay-wrap'><img class='avia_image' src='http:\/\/kallistopartners.com\/eng\/wp-content\/uploads\/2018\/11\/Paper.jpg' alt='' title=''   itemprop=\"thumbnailUrl\"  \/><\/div><\/div><\/div><\/p><\/div>\n","protected":false},"excerpt":{"rendered":"","protected":false},"author":3,"featured_media":2620,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[28,9],"tags":[],"_links":{"self":[{"href":"https:\/\/kallistopartners.com\/it\/wp-json\/wp\/v2\/posts\/741"}],"collection":[{"href":"https:\/\/kallistopartners.com\/it\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/kallistopartners.com\/it\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/kallistopartners.com\/it\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/kallistopartners.com\/it\/wp-json\/wp\/v2\/comments?post=741"}],"version-history":[{"count":5,"href":"https:\/\/kallistopartners.com\/it\/wp-json\/wp\/v2\/posts\/741\/revisions"}],"predecessor-version":[{"id":1843,"href":"https:\/\/kallistopartners.com\/it\/wp-json\/wp\/v2\/posts\/741\/revisions\/1843"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/kallistopartners.com\/it\/wp-json\/wp\/v2\/media\/2620"}],"wp:attachment":[{"href":"https:\/\/kallistopartners.com\/it\/wp-json\/wp\/v2\/media?parent=741"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/kallistopartners.com\/it\/wp-json\/wp\/v2\/categories?post=741"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/kallistopartners.com\/it\/wp-json\/wp\/v2\/tags?post=741"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}