Element ONE
Issuer: ELEMENT ONE LTD
ISIN Number: VGG299771086
Issue Description: USD CL B SHS
ISO CFI: CICXXX
SP500
In June, the US stock market showed almost neutral dynamics, increasing only by 0.47%. During that, the maximum was $3,227; the minimum was $2,988.Labor market
USA, unemployment rate (May): 11,1%
RUS, unemployment rate (May): 6,1%.
World trade
IMF: 2020 forecast for world trade is -11.9%.Oil
Sanctions
• The United States announced new sanctions against Syria.Trade wars
• US Treasury Secretary Stephen Mnuchin does not rule out a complete break in economic relations with China.Geopolitics
• Yemen army reports a massive attack on Saudi Arabia.Crisis
The Fed continues to print money to save the stock market. Trump approves the introduction of a new package of support for the US economy, which could go to Congress in July.Comments from the officials
• Jerome Powell, Fed Chairman:Gold
In June, the price of gold increased by 2.90% - from $1,749.8 to $1,800.5.COVID-19
In June, the number of infections increased worldwide as restrictions were lifted.Element ONE Fund
In June, public ideas of the fund analysts showed excellent returns.Element ONE
Issuer: ELEMENT ONE LTD
ISIN Number: VGG299771086
Issue Description: USD CL B SHS
ISO CFI: CICXXX
SP500
In May, optimistic mood prevailed in the markets against the backdrop of the incentive measures taken and the gradual release from quarantine. The SP500 index continued to grow, rising 6.35%. At the end of the month, the price of the index was $3061 - this corresponds to the level of November 1st, 2019. The index without correction rose from the March low, showing a V-shaped recovery.GDP
Labour market
USA, unemployment rate (May): 13,3%.
Russia, unemployment rate (May): 5,8%.
Crisis
• Japan approved a $1.1 trillion economic support package;Wars
World trade is setting anti-records.
Oil
Gold
Comments from officials
• Powell: the current balance of the Fed is not dangerous (recall, in May, the balance exceeded $7 trillion).Change in portfolio positions
The value of the fund's stock increased by $104.17 (+ 6.79%) and amounted to $ 1637.35. In May, we added VEON LTD (NASDAQ: VEON) at a price of 1.53 to the portfolio of a communications company, mainly operating under the brand Beeline. In the near future, we will publish a review of the company on our website. Disney (NYSE:DIS) and Restaurant Brands International (NYSE:QSR) showed positive dynamics in May and closed in early June with a result of + 23.76% and + 30.67%. In addition, on June 5th, with a small increase, a position was closed on the shares of Salmar (OSL:SALM). The company canceled the payment of dividends in March this year, which forced us to revise the prospects of profitability for this asset.