The Nova Investment Club has launched its new NIC Fund 2012 on February 24th. The main objective of this virtual fund is to stimulate and provide knowledge regarding empirical finance research and portfolio management skills. Every month we will provide a fact sheet with the performance of our strategic portfolio, as well as a brief market overview.

The NIC Fund performance commentary for the month February 2012 is now available here.

In Europe, this month’s performance was fairly good (around 5% return), with gains throughout the major stock markets (UK,France and Germany),  after Greece’s second bail-out package issue has been resolved, as well as the liquidity-induced euphoria, due to the Long-Term Refinancing Operation (LTRO) by the BCE which lead portfolio managers to jump in on equities.

Regarding the US’ stock market, February has been the month of the confirmation that the stock market could be in for a much better year, with the Dow Jones increasing 2,5% this month (6%YtD), S&P rising 4,1% (8,6% YtD) and finally Nasdaq up 5,4% (nearly 14% YtD).  It seems like the overall good economic data released has helped to push the investors’ sentiment higher and a pursuit for more risk-taking.

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