Hello, dear participants of the WellMax international system, partners, clients and investors of IFC.

We continue keeping you informed on the results of our activities, and the IFC specialists’ take on the situation and processes in global and regional economies.

In September 2016, the assets value of the WellMax investment portfolio increased by 1.08% in USD and EUR, which is equivalent to 12.96% per annum. The annual yield amounted to 14.28% in rubles and 12.72% in yuans.

Our decision to issue September`s review in the second fortnight of the month had been determined by the necessity to wait for several important pieces of news. First, the end of TV debates in the USA which resulted in Hillary Clinton`s total victory in all the 3 rounds, according to the TV viewer polls.

As the results of WSJ/NBC News polls have shown, the US Democrats` presidential nominee is ahead of her opponent from Republicans by 11%. Thus, there are highest chances that the former State Secretary will become the next US President. Still, it`s early to eliminate the possibility of the billionaire’s victory due to Mrs. Clinton`s possible health problems and the readiness for action of Mr. Trump`s electorate.

The successful operations in the raw materials sector made a significant contribution to the growth of assets value of the WellMax investment portfolio. As we had predicted, the key event of the month was the informal meeting of OPEC`s specialized ministers at the International Energy Forum in Algeria where the agreements for restriction of oil extraction were reached. We had expected this agreement, that`s why it let us and our investors earn from the rise of “black gold” quotations.

However, the situation in the oil market remains unstable regardless of the decision to freeze oil extraction and the present up price trend. It is expected that the Algerian agreement will come into effect starting November after the cartel`s formal summit held in Vienna. These negotiations are supposed to determine the certain levels of production for each country member of the organization. The process may be complicated due to competing interests of some oil-exporting countries. In the next few weeks, the statements of the countries members of the agreement will cause a significant impact on oil price, as far as each of them will be trying to achieve the most convenient oil-producing conditions for itself.

A tense geopolitical situation creates additional instability in markets. The escalation of the conflict in Syria together with tough talks of the parties to the conflict may result in unpredictable consequences for the Middle East, the key region for oil market.

The news from the USA will play an important role in forming price trends in raw materials market. There is a high probability that the US Federal Reserve System will make a decision to raise the key interest rate by the end of the year, especially in the case of the high oil prices scenario. The raise of the key interest rate would result in the strengthening of the US currency and the following pressure on the quotations of oil and precious metals.

As we had forecasted, the tense geopolitical situation, competing trends of the world economy and internal contradictions of OPEC members led to the higher volatility of the oil quotations and the price exceeding the bounds of the price range that we determined in July. These factors continue influencing oil market; in accordance with our analytics, in October and November strong price movements will rule oil market, however, the most probable movement vector is upward.

As it was in August, in September the successful operations with silver, another commodity asset, contributed to the increase in the assets value of the WellMax investment portfolio. The volatility of silver quotation together with the common understanding of the downward price trend resulted in significant profit for our clients and us.

For the above-normal weather set at the East Coast and in the central part of the US in September, the prices of natural gas kept the high levels of August end and there were several times when they surpassed the mark of $3 per 1 million British thermal units. However, we are sticking to our forecast of the medium downward price dynamics of natural gas in October and the beginning of November due to some factors. They are the reduction of air temperature, closed for maintenance Sabine Pass, a largest export LNG terminal, and a new gas pipeline placed into operation for deliveries of the cheap natural gas from the North East of the US to the Gulf Coast.

The middle of autumn promises to be full of information: the tense geopolitical situation, OPEC agreements implementation, the end of electoral period in the US. Above all, at the end of October and the first part of November many companies publish their quarterly reports that will add to dynamics of the corporate securities market.

Most likely that there will be a rather unstable period of increased volatility. It will be necessary to make quick investment decisions based on deep and accurate analysis, i.e. those abilities which have always been the strongest points of the IFC team.

Respectfully yours,

The IFC team