Q2 2022
Sextant Mutual Funds, Quarterly Commentary - June 2022

During the second quarter of 2022, the Federal Reserve officially removed “transitory” from its dictionary, acknowledging that inflation remained higher and more persistent than expected.  Fears of further acceleration pushed the Fed governors to break out their bazookas, hiking the fed funds rate to 1.58% compared to less than a tenth of a percent at the start of the year.

Q2 2022
Saturna Sustainable Funds, Quarterly Commentary - June 2022

Anticipation of the rate spike helped push the stock market into bear market territory in June. Despite a few upticks, the market as of late has consistently trended down. We cannot say with certainty that the Fed’s actions inevitably imply recession, but history points to chances being more likely than not, while recessions inevitably lead to earnings reductions.

Saturna’s CIO Scott Klimo Contributes an Article to MoneyWeek
News & Announcements - June 2022

Financial website MoneyWeek featured an article written by Scott Klimo, CFA, Saturna Capital’s vice president and chief investment officer, about Islamic-compliant companies.

Beneath the Waves: An Overview of Saturna Capital's Sustainable Fixed-Income Investment Process
Saturna Capital, White Papers - June 2022

In this article, we provide investors with an overview of Saturna Capital's sustainable fixed-income investment process. We aim to help elevate investors' awareness of how we explicitly integrate environmental, social, and governance (ESG) considerations into our investment approach of constructing globally diversified fixed-income portfolios.

The Case for Global Bonds, 2nd Edition
Saturna Capital, White Papers - June 2022

When combined with environmental, social, and governance (ESG) integration, a global bond strategy can be on the cutting edge of sustainable finance by investing in companies and sovereign nations that embrace increasingly better policies and provide unique opportunities for positive impact. With the whole world to choose from, the discussion of global debt cannot be separated from the discussion of sustainability — climate-related risks, water, and carbon emissions are all factors to consider.