June 3, 2026

Daily commentary

New attacks between the U.S. and Iran put markets on the defensive, with crude oil rising 2.5% (WTI $96, Brent $98), while global equities fell, accompanied by a rise in interest rates of up to 9 basis points in Europe and 6 basis points in the U.S.; U.S. interest rate futures continue to point...
June 2, 2026

Daily commentary

Equity indices were in positive territory across major markets, led by Hong Kong’s Hang Seng and the Euro Stoxx 50, rising alongside European government bonds (yields down 4 basis points) and U.S. Treasuries, which closed marginally higher. In commodities, crude oil rose 1.5%, while metals and agricultural commodities...
June 1, 2026

Daily commentary

Following reports that Iran would suspend negotiations with the U.S. over Israel’s attacks in Lebanon, Trump said the negotiations are moving forward “quickly,” causing further confusion in the market, which ended with oil up 5% after having risen as much as 8%, and Treasuries down (yields up 4–5 bps)...
May 28, 2026

AV Balanced Series 509

We are an international financial services firm with over thirty years of experience in the capital markets. We offer wealth management services for high net worth individuals by structuring discretionary investment portfolios. Our investment philosophy is to preserve and enhance our clients' purchasing power without exposing their assets to unnecessary risk. Investing with a long-term horizon results in lower fees, transaction costs and taxes. We believe in the power and inevitability of change, and recognize the cyclicality and volatility of the economy and capital markets. As a result, our investment process is proactive and responsive with different policies and strategies to achieve superior returns over the long term...
May 28, 2026

AV Total Return Fund

AV Total Return is an open-ended fixed income fund designed to seek attractive current returns and long-term capital growth, while maintaining a high level of diversification and liquidity. capital growth over the long term, while maintaining a high level of diversification and liquidity. The fund invests primarily in a diversified portfolio of Latin American dollar-denominated bonds, which it complements with small equity diversified portfolio of U.S. dollar-denominated Latin American bonds, which is complemented by small equity investments and cash reserves. This portfolio is actively managed actively managed for exposure to high-yielding investments with appreciation potential, adjusting its composition to market conditions. to market conditions. The fund has a variable dividend policy that currently aims to distribute 7% annually, paid out aims to distribute 7% per annum, paid quarterly...
May 26, 2026

Market Flash

The minutes released Wednesday from the Federal Reserve’s latest meeting showed that members considered keeping rates unchanged for longer than expected, and even discussed possible rate hikes if inflation remains high. Most agreed that a shift toward monetary policy...
May 25, 2026

AV Alternative Fund

Diversified open-end private credit fund with loans in the U.S. and Latin America. Loans are collateralized with different types of collateral, optimizing return and minimizing risk. Low correlation with financial markets, represents an interesting diversification in an investment portfolio. Semi-annual distributions (optional) of 11% annualized, US residents and citizens (W9) are NOT eligible to participate.
May 22, 2026

Daily commentary

Greater optimism regarding a deal between the U.S. and Iran led to a risk-on day for equities, with global indices rising, although trading volumes were low due to Monday’s holiday. Yields in Europe fell by 5–7 basis points, and in the U.S. by 2 basis points...