06.12.2023 November ended with strong gains in stock markets. Interest rates are slowly easing and are expected to continue to decline. The equity allocation was increased to 76.80% over the course of November. Read more about the Belvoir Global Allocation Fund in the current Monthly Update written by the fund manager Mauro Tempini.
03.11.2023 The correction in the global stock markets accelerated in October. Most stock indices have developed a worrying chart constellation. Interest rates are only relaxing very slowly and are likely to remain at a higher level for longer. The equity quota was slightly increased to 70.0% over the course of October. Read more about the Belvoir Global Allocation Fund in…
06.10.2023 – September lived up to its reputation as a volatile month in the stock market, presenting us with a range of challenges. In our latest market update for the end of September 2023, we analyze several factors that contributed to a decline in equity markets. This decline was notably influenced by significantly higher oil prices and an unexpectedly robust…
08.25.2023 – The US is experiencing surprisingly robust growth despite interest rate hikes and a frail global economy. On the other hand, Europe’s economy continues to weaken, evidenced by a renewed decline in the Purchasing Managers’ Index for the industrial and services sectors. However, the greatest uncertainty is currently emanating from China. Its export engine has begun to sputter due…
06.10.2023 Interest rates: “higher for longer” – markets are in a hangover phase. Anyone who thought that central banks would cut interest rates again as early as the end of 2023 or the beginning of 2024 has been proven wrong. Inflation figures are slowly improving in all industrialized countries but the economy remains especially robust in the US. The labor…
09.30.2023 – September – another seasonally weak month. Key interest rates – higher for longer. Oil price keeps rising. Stocks take a breather. Long-dated US Treasuries lose considerable value. The Fund lost 3.5% in September, and is now +3.9% YTD. Read more about the Belvoir Global Allocation II Universal Fund in the Monthly Update, written by the fund manager Steffen…
09.30.2023 Rising interest rates are putting pressure on stock markets. Further interest rate hikes in the pipeline. Stock markets, led by US equities, continued losing value in September. Throughout September, the equity ratio was slightly reduced to 66.6%. Read more about the Belvoir Global Allocation Fund in the current Monthly Update written by the fund manager Mauro Tempini.
08.31.2023 – Further interest rate hikes in the pipeline. Bond markets are softening their response to central bank rhetoric aimed at fighting inflation. Equity markets led by US equities continued to rise in June. The equity allocation was increased to 67.78% once more during June. Read more about the Belvoir Global Allocation Fund in the current Monthly Update written by…
08/31/2023 – Summer slump or trend reversal in equities? Interest rate peak in sight. “Earnings Recession” in Q2 – a challenging market phase ahead. Belvoir Global Allocation II Universal fund down 0.3% in August, YTD +7.7%. Read more about the Belvoir Global Allocation II Universal Fund in the Monthly Update, written by the fund manager Steffen Bauke.
06/02/2023 – Yesterday evening, Citywire Switzerland awarded the Top 50 Swiss Independent Asset Managers 2023. Belvoir Capital AG is once again among the winners, which makes us happy and proud. Many thanks to Citywire Switzerland for the award and the great event.
