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Market Insight – September 2022

It’s that time of the year again when Labor Day marks the end of summer and back to school for many delighted parents. But more importantly, for me and many likeminded individuals, it’s the unofficial kickoff of the NFL season! In retrospect this past summer was a roller-coaster ride for investors, inducing both that sinking feeling in your stomach as well as periodic screams of excitement.

NCB CHAIRMAN, MICHAEL LEE CHIN, SHARES THE SECRETS TO HIS SUCCESS WITH CPA MAGAZINE

In an interview with Canada’s CPA Magazine last month, NCB Financial Group’s Chairman, Michael Lee Chin, shares his wealth creation secrets. He explains how, despite coming from modest beginnings in Jamaica, he has learned a thing or two about creating wealth and how to weather a financial storm.

Market Insight – July 2022

July marks a welcomed end to what was a humbling first half of the year for investors. “The worst first half for the market in 50 years”, “Inflation highest level since late 1981”, “Fed hikes rates 75bps; biggest jump since 1994”…the market made headlines for all the wrong reasons. The heavily followed S&P 500 dropped…

NCB has two team members shortlisted in Citywealth Future Leaders Award

NCB Cayman is proud to announce that two members of its Cayman Islands team have been shortlisted in the international Citywealth Future Leaders Awards 2022. Alessandro Sax, CFA has been shortlisted in the Investment Director of the Year category and Cheyenna Calderon for Private Banker of the Year. The Future Leaders Awards is a programme…

NCB Sponsors Manchester United Youth Football Camp

NCB Capital Markets Cayman has partnered with Greenspace Cayman to support an elite football camp in the Cayman Islands led by world-class coaches from Premier League giants Manchester United. The ‘Learn to Play the United Way’ camp will include technical sessions with three coaches from the Manchester United Academy. The camps will be held July…

Market Insight – June 2022

It’s officially time to change the status of the market from “it’s complicated” to “bear”. After seven straight weeks of relentless selling, the S&P surrendered on May 20th dipping into bear-market territory (a 20% decline from its recent high). The selling intensified following huge missed earnings by retail bellwethers, Walmart and Target, which brought into…

A Look to the May Stock Markets

The April Fool’s Day rally was nothing more than a cruel joke as markets quickly turned red (downward), ultimately finishing the month with an atrocious sell-off across all three major indexes. Once again, the tech-heavy Nasdaq lead market declines by notching its worst month since 2008 falling a whopping 13.3%. What caught the attention of…

A Look to the April Markets

April marks the beginning of the second quarter in the financial markets and investors are hoping for a fresh start and some reprieve from the negative impact resulting from the Russian invasion of Ukraine. It’s disheartening that, after over a month into the conflict, a resolution is still clearly far from reach. Although my profession…

A Look to the March Stock Markets

February turned out to be all heartbreak with Cupid showing no love for the markets last month. January’s downward trend continued as Putin continued his saber rattling, positioning, and sending more troops to the Ukraine border. The Biden administration warned that the Russian invasion was all but certain. Unfortunately for the world, it didn’t take…

A Look to The February Stock Markets

The January winter blizzards were quite symbolic of the walloping the financial markets experienced last month. Unfortunately, market storms aren’t telegraphed by Doppler radar and aren’t broadcasted by your local meteorologist ahead of time. But like severe weather, market corrections (a 10%+ decline) are a fact of life and, although they are extremely difficult to…

A Look to the January Stock Markets

Although it’s the new year, it’s feeling a lot more like Bill Murray’s 90’s hit movie “Groundhog Day,” where he realizes he’s reliving the same day over and over. We’re not all waking up in Punxsutawny, but I’m sure the recent headlines of COVID cases surging have us feeling some level of Déjà vu. Despite…

ITM AG Investment LP and ITM AG Investment Trust

In light of the recent exciting and innovative developments in ITM Isotopen Technologies München SE (“ITM”), the underlying investment within ITM AG Investment LP and ITM AG Investment Trust, Portland Investment Counsel Inc. has created links to brief summaries for our investors to highlight some notable milestones and important progress. Within these summaries, we have…

A Look to the December Stock Markets

I hope you all enjoyed your pumpkin spice lattes over Thanksgiving because year-end is quickly approaching! Unfortunately, this year’s festivities brought us a very unwelcomed guest, “Omicron”, which spoiled what was supposed to be a stress-free holiday weekend of overeating and watching endless hours of NFL football. The holiday-shortened trading session on Black Friday brought…

A Look to the November Stock Markets

What a difference a month makes (my go-to line, because it’s so true). We all survived last month’s dooms day calls of another Leman Brothers event spurred by Evergrande’s “looming” default and a market apocalypse prophesied, ironically, by my own actual brother in Canada. I’m allowed to tease because we’re related, right? All joking aside,…

A Look to the October Stock Markets

The USA Debt Ceiling – “The never ending story” As expected, the politicians in Washington waited until just before the stroke of midnight to prevent a government shutdown. As with countless issues, they agreed to kick the can down the road and have President Biden sign a bill that funds the government until December 3…

A Look to the September Stock Markets

Fed Chairman Powell – “When Doves Cry….Encore!” Harnessing his inner “rock star” Prince, Fed Chairman Powell kept pumping out the billboard hits. Last week, the Fed announced the tapering of its $120 billion in monthly bond purchases later this year. At the same time making it clear that interest rate hikes would not immediately follow…

A Look to the August Stock Markets

The Delta variant – “Bonus round for buying re-opening stocks” By now, we’re all very familiar with the most dominant strain of COVID-19 circling the globe. The initial unknown surrounding the variant spooked markets early in the month, but especially punished those stocks that are poised to benefit the most from the economic reopening. What…

An interview with Alessandro Sax on the Founders Fund

Through its partnership with parent company Portland Holdings Inc, and sister bank Clarien Investments Limited in Bermuda, NCB Capital Markets (Cayman) Limited is launching a unique, new fund in the Cayman market. Emma Parker chatted to Alessandro Sax about the newly launched Founders Fund.

Founders Fund

The Founders Fund holds a concentrated portfolio of high-quality, global businesses that are leaders within strong, long term industries and demonstrate what our Chairman, Michael Lee Chin, describes as a strong ‘founders mentality’.

A Look to the July Stock Markets

Summer forecast: Sunny with a touch of goldilocks”   It’s officially summer and there is no greater symbol than the upcoming 4th fourth of July celebrations! Even though it’s most likely the U.S. won’t hit President Biden’s goal of 70% of American adults with at least one vaccine shot, there is an overwhelming sense that…

A Look to the June Stock Markets

Volatility – “Awake from its slumber”  At first glance May initially appeared to falsely confirm the stereotypical adage of “Sell in May and go away”, with markets selling off in the early weeks. Which is just my luck, as I had just sent off my last newsletter preaching how ridiculous an investment strategy that was…

A Look to the May Stock Markets

Let’s begin with the usual recap of the last month, as April turned out to be a temperature check for markets and investors alike.   The Fed downplay: Thinking about thinking about it? April ended with the Federal Reserve Chair Jerome Powell leaving the US central bank rate unchanged at near zero, which was no…

A Look to the April Stock Markets

As always, we begin this month’s newsletter with a recap of the last month, and March was enough to make any investor nauseous!   March Recap – Feels a little like “Déjà vu” As the month began I got an eerie feeling that I’d seen this market scenario play out before. At first I couldn’t…

A Look to the March Stock Markets

As always, we begin this month’s newsletter with a recap of the last month, and considering how short it is, February was an action-packed month!   February Recap – A Market “Pause”, What the Heck! Since the March 2020 COVID market lows, it’s seemed that all the stock market did was go up and up!…

Baby Boomers and the Three Waves of Wealth Creation

Michael Lee Chin, and Portland Holdings, have a stellar track record when it comes to building billion dollar private entities. This success was built on Michael’s tried and tested ‘Laws of Wealth Creation’ and the application of this approach has enabled Michael and his team to identify what they believe is the next “wave” of…

A Look Ahead to February Markets

January 2021 has come and gone in what seems like an instant, and we move into the second month of the year. January, as expected, was an eventful time especially across the stock markets, and February promises to be equally as interesting. Let’s look at what February has in store!   GameStop….Please Stop! By now…

Loop Cayman Article: Global Finance: Butterfield, NCBJ & RBC top Caribbean private banks

In an article entitled “World’s Best Private Banks 2021: Caribbean,” released on December 9, Global Finance Magazine has named Butterfield Bank, National Commercial Bank, Jamaica and RBC as the top private banks in the Caribbean. Winners were decided by the magazine based on entries submitted by banks, company documents and public filings as well as…

Investor Insight – A Look to the January Markets

The New Year is upon us and for many, we will be saying goodbye to a difficult 2020 and hoping that 2021 proves to be more fortunate. For those that follow my monthly investment news, you will notice this is a few days late – one of the joys of New Year is that it…

FEED OUR FUTURE

NCB Cayman has this month made a donation to feedourfuturecayman.org. Since March 2020 and in immediate response to the Covid-19 school closures, FOF in collaboration with the Cayman Islands Government and the Kiwanis Club of Grand Cayman has been running ‘Buy a Kid Breakfast’ and launched the ‘Home School Lunch Program’ (HSLP) in lieu of the regular meal programs run in schools. At this time the programme provides sustenance for just under 500 vulnerable children in the Cayman Islands.

BYE BYE 2020! A LOOK TO THE DECEMBER STOCK MARKETS

What a month November turned out to be. In order to maintain consistency, I thought it would be good to do a quick recap before we dive into December! ·The US presidential election is still ongoing with no winner called officially by the electoral college. Although the transition is slowly taking shape for “president elect”…

NCB PORTFOLIO MANAGER FEATURES IN FINANCIAL ROUNDTABLE DISCUSSION

NCB Cayman Portfolio Manager, Alessandro Sax, took part in a financial planning roundtable discussion with Cayman daily newspaper, the Cayman Compass. Alessandro and the panel discussed saving, earning and planning for the future – a topic that is front of mind for many at a time when Covid-19 has shut down businesses and financial markets…

APRIL 2020 INVESTMENT UPDATE

While the circumstances created by the Cover-19 virus are truly concerning, as investors it is critical to avoid panic and short-term thinking. Many investment mistakes are made at extremes in the market as our emotions tend get the better of us. It’s our job to stay disciplined, lean on our investment process and assess the…

MICHAEL LEE CHIN HOSTS COCKTAILS AND CONVERSATION IN CAYMAN

NCB Financial Group Chairman, Michael Lee Chin, recently hosted an informal evening on his approach to wealth creation for clients and contacts in the Cayman Islands. Michael’s mission is to provide the same access to investment opportunities that are typically reserved for the institutional investor to all clients. During the evening, guests had the chance…

NCB APPOINTS CAYMAN-BASED PORTFOLIO MANAGER

NCB Capital Markets (Cayman) Limited has announced the appointment of Alessandro Sax as a Portfolio Manager in the Cayman Islands, giving a boost to the company’s offshore wealth management offering. Alessandro joins NCB with over 12 years’ experience in wealth management, gained in Canada and the Cayman Islands, working for top-tier international and Canadian asset…

NCB FINANCIAL GROUP POSTS SUPER PROFIT FOR 2019

NCB Financial Group (NCBFG), the parent company of Cayman Islands based bank, NCB (Cayman) Limited, and investment firm, NCB Capital Markets (Cayman) Limited, has this week posted record annual profits of US $219 million. Earnings for the Jamaican headquartered business have hit a record high and increased 6% when compared to last year. The company…

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