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  In the last three months equity markets declined in most parts of the world.
  The markets in Europe, Asia, North and South America, remained down after
  a good first half of year. The slow patch we are currently experiencing may

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Sparrow Capital Management, Inc - 211 N. Broadway, Suite 2080 St. Louis, MO 63102 - 314-725-6161

Website Disclosure: (1) Sparrow Capital Management, Inc. only transacts business in states where it is properly registered, or excluded or exempted from registration requirements. (2) Past performance may not be indicative of future results. Therefore, no current or client should assume that the future performance of any specific investment strategy (including the investments and/or investment prospective investment, strategies recommended and/or purchased by adviser), or product made reference to directly or indirectly on this website, will be profitable or equal to corresponding indicated performance levels. (3) Different types of investment involve varying degrees of risk, and there can be no assurance that any specific investment will either be suitable or profitable for a client’s investment portfolio. No client or prospective client should assume that any information presented and/or made available on this website serves as the receipt of, or a substitute for, personalized individual advice from the adviser or any other investment professional. (4) Historical performance results for investment indexes and/or categories generally do not reflect the deduction of transaction and/or custodial charges or the deduction of an investment-management fee, the incurrence of which would have [the] effect of decreasing historical performance results.