- Reporting season dominates market movement
- Stocks hit new highs in USA and Europe
- Inflation falls gradually
- Sell in May and go away?
- Belvoir Global Allocation II Universal records a gain of 1.4% in April, +8.4% YTD
At the end of April, the fund’s equity ratio is 70% before hedging and 50% net after hedging. Bonds are weighted at 16% and cash at 13%.