03/13/2023 – The Fed is trying to prevent bank runs in the US by guaranteeing customer deposits at SVB respectively all other banks. It will also lend to banks to secure customer deposits against government bonds or other securities. Sectors to suffer most are technology, private equity and real estate. Markets will remain volatile and flight to quality continues. Actually…
08/03/2023- A great team is always behind the success of a company. We are proud to have such great women enriching and driving our business. Thank you for your creativity, inspiration and daily commitment to making a difference together. We wish you all the best on International Women’s Day!
03/02/2023 – At the beginning of the month, the S&P 500 and the Nasdaq in the US crossed the important 200-day line, but inflation and labour market figures in mid-February led to disillusionment. The global economy is proving to be more robust than expected at the beginning of the year, not least thanks to the opening up of China. In…
02/28/2023 – A trend reversal or a bear market rally? Interest rates continue to rise. Reallocations continue. In February, the Belvoir Global Allocation II Universal Fund recorded a minus of 2.5%. At the end of February, the fund’s equity ratio was around 74.0%, with bonds at 17.2% and cash at 9.4%. Read more about the Belvoir Global Allocation II Universal…
02/28/2023 – Consolidation in the second half of February due to renewed concerns about inflation. On the fixed income side, we continue to favor high quality corporate bonds with a medium duration. We have slightly increased our equity allocation, which currently stands at 74.25%. Read more about the Belvoir Global Allocation Fund in the current Monthly Update written by the…
02/26/2023 – The global economy is proving to be more robust than many had expected. Main reasons for this are the unexpectedly severe decline in energy prices, which have resulted in falling inflation rates, as well as a labor market that has stayed resilient despite a slowdown. China has ratcheted up renewed economic momentum by lifting its Zero-Covid strategy and…
02/02/2023 – Things don’t always turn out the way you think. Contrary to the expectations of many market participants, the markets performed very well in January. This was the best start to the year in many years. The reasons? Falling inflation rates, thanks in part to further declines in energy prices, a much more resilient economy than had been feared,…
01/31/2023 – Contrary to the expectations of many market participants, January showed distinctly positive market developments. Targeted adjustments were made to the fund to generate alpha. The Belvoir Global Allocation II Universal Fund recorded a rise of 5.4% in January. At the end of January, the fund’s equity ratio was around 62.2% net, after hedging. Read more about the Belvoir…
01/31/2023 – The main asset classes got off to a flying start in the new year, but investors are still holding high levels of liquidity. In the fixed-income area, we consider corporate bonds with good credit ratings and rather short maturities to be particularly attractive. After a good performance in January, we reduced the equity exposure again from 84.4% to…
01/27/2023 – Europe – The first weeks of the new year have brought positive surprises. Continued falling inflation rates, declining energy prices and the astonishingly rapid and complete lifting of China’s Covid-19 restrictions – these have all contributed to a more positive assessment of the global economy and boosted market outlooks. The fear of a European energy crisis has dissipated,…
