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KTC Capital Management

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Falling Dollar, Rising Oil Helps KTC Capital Funds Regain Recession Losses


Weakened after sales of homes fell unexpectedly last month, the fall of the U.S. dollar spurs concerns about the longevity of the economic recovery. After a bigger than forecast drop in inventories, oil surged higher than any other month in 2009, driving KTC Capitalís portfolio of funds back to pre-recession levels.

London, United Kingdom, December 25, 2009 --(PR.com)-- The U.S. dollar lost as much as 0.7 percent to $1.4377 per euro, retreating from the highest level since September. Oil rose 3.2 percent to $76.76 a barrel. The U.S. Commerce Department said home sales declined 11 percent to an annual pace that was lower than economist’s expectations. The looming possibility that a government tax incentive would expire, in combination with a 10.5 percent jobless rate and competition from foreclosed properties will likely have hurt major U.S. builders.

Raw-materials and energy producers are enjoying the strongest gains as reflected in the KTC Capital portfolio performance, rising 1.5 percent and 0.5 percent, respectively. The Dollar Index, which gauges the U.S. Dollar against the currencies of its six major exchange countries, lost 0.5 percent to 76.843 as it pulled back from the strongest level since August.

Investment Disclaimer: This release is provided for general information only and nothing contained in the material constitutes a recommendation for the purchase or sale of any security. Although the statements of fact in this release are obtained from sources that KTC Capital Management consider reliable, we do not guarantee their accuracy and any such information may be incomplete or condensed. Also views expressed in this release are based on research materials available from sources considered reliable. Views are subject to change on the basis of additional or new research, new facts or developments. The investment risks described herein are not purported to be exhaustive, any person considering an investment should seek independent advice on the suitability or otherwise of the particular investment. Investment products are not bank deposits or obligations or guaranteed by KTC Capital Management or any of its affiliates or subsidiaries unless specifically stated. Investment products are not insured by government or governmental agencies. Investment and Treasury products are subject to Investment risk, including possible loss of principal amount invested. Past performance is not indicative of future results: prices can go up or down. Investors investing in investments and/or treasury products denominated in foreign (non-local) currency should be aware of the risk of exchange rate fluctuations that may cause loss of principal when foreign currency is converted to the investors home currency. Investment and treasury products are not available to U.S. persons. All applications for investments and treasury products are subject to Terms and Conditions of the individual investment and Treasury products. Customer understands that it is his/her responsibility to seek legal and/or tax advice regarding the legal and tax consequences of his/her investment transactions. If customer changes residence, citizenship, nationality, or place of work, it is his/her responsibility to understand how his/her investment transactions are affected by such change and comply with all applicable laws and regulations as and when such becomes applicable. Customer understands that KTC Capital Management does not provide legal and/or tax advise and are not responsible for advising him/her on the laws pertaining to his/her transaction.

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Contact Information
KTC Capital Management
Allan Winthorpe
+44 208 123 1282
Contact
www.ktccapitalmanagement.com

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