Elco Group custom tailors solutions for International Corporate clients. Elco Group utilizes both proprietary and partner supplied tools to accomplish client goals. Past clients have benefitted from corporate formations in multiple jurisdictions, international banking and transfer, currency swaps, intermediary and escrow services, and international market analyses.
Elco Group are delighted to be a sponsor at the forthcoming “China Offshore Summit Series’ being held in the Pudong Shangri-La in Shanghai on October 24th – 25th October
In addition our Managing Director – Mr Isaac Collie – will be in attendance and would welcome the opportunity to meet with you, please email him for more details on [email protected]
The two-day summit gathers China’s leading financial intermediaries in an in-depth and exclusive discussion forum with bankers, lawyers, offshore professionals, representatives from trust companies and corporate service providers.
Speakers will discuss the many opportunities and key challenges surrounding China’s future growth, and the development of investment, trade and wealth management sectors. China’s fruitful business landscape will also be analyzed and participants will have an opportunity to expand business relations as well as benefit from transparent conversation regarding future market trends with the relevant contacts.
- China Offshore Summit Shanghai: October 24th-25th 2012
Financial Portfolio Advice
Sell in May and go away?
The saying goes, “Sell in May and go away”. This strategy has been utilized by many individual investors looking to exit the securities market for the so-called, “slower months”. According to the Stock Trader’s Almanac, since 1950, the Dow Jones Industrial Average has had an average return of only 0.3% during the May-October period, compared with an average gain of 7.5% during the November-April period.
So is this the time to walk away from the markets?
2013 may be the exception to this dated-cliché-catch phrase. With half of the 2013 year behind us, we have seen recent events (and some pending) that can be an opportune time for investors to capture some profits. Here are a few headlines that should affect everyone’s portfolio:
– Crude oil at a 16-month high
– Gold hitting a one month high, rebounding from the atrocious performance last month.
– Detroit being the 8th – US Municipality to file for bankruptcy, owing over $18-billion dollars.
– Earnings season is here with approximately 1/3 of S&P500 companies expecting to report earnings this week.
– The G20 meetings this past weekend provided some positive markets. The move to place growth before austerity to revive the global economy, which was stated as being “too weak”.
With so much happening in the financial markets, leaving your portfolio by “going-away” until November may be working adversely to your investment strategy. The multiple earning’s reports’ due in the next 2 weeks will give investors an indication of where the US economy is headed.
This may be the best time to evaluate your portfolio.
David Hoang, Institutional Trader, The Elco Group
Bahamas Investment & Securities Business Association. Elco Securities is proud to be the newest member of the Bahamas Investment & Securities Association (BISBA). The purpose of BISBA is to promote a public and mutual understanding of the securities and investment management sectors of the financial services industry.
With this mutual goal in mind, the partnership of Elco Securities and BISBA is a significant alliance as both parties strive to inform the public of the ever-evolving financial markets. By joining BISBA, Elco Securities looks to assist in bridging the gap between local and international practitioners in order to create opportunities in business.
BISBA is the newly re-shaped successor association that was originally formed as the Bahamas Association of Securities Dealers (“BASDA”). Comprised of member firms from varies fields, the breadth of resources allows BISBA & Elco Securities to assess and provide business solutions from multiple aspects. Members include: Broker Dealers, Traders, Investment Managers, Lawyers, and Accountants.
For more information on the Bahamas Investment & Securities Business Association, visit http://www.bisba.org
Jim Flaherty, Finance Minister of Canada, announced his resignation today to explore the Private sector. This was made public today as the Prime Minister was informed the day prior.
Following the People’s Bank of Chinas’ credit tightening, the Shanghai Composite suffers its worst percentage loss since 2009. The sell-off triggered US markets to decline into the red as markets opened this Monday, with the Dow having an intra-day low of 14,551.
The falling markets comes less than a week of US Federal Reserve Chairman, Ben Bernanke’s, announcement of tapering off bond buying and stimulus spending. The bearish market continues as investors continue to grasp for some positive news.
David Hoang, Institutional Trader, The Elco Group
Elco Group is pleased to announce the appointment of Girdhar Exim Private Ltd as its representative, they are based in New Delhi in India. Girdhar Exim Private compnay preisident – Mr Gupta – has a wide experience in financial services, further complimenting the range of serivces porvided by the Elco Group
Elco Group continues to develop its services to its clients globally: