Fund Facts: August 2021 Update – Belvoir Global Allocation II Universal

09/07/2021 –

  • US stock markets go from all-time high to all-time high
  • Price target reached: Profit-taking in Advanced Micro Devices
  • Belvoir Global Allocation II Universal Fund posts +1.8% in August

The price target for AMD (Advanced Micro Devices) mentioned in last month’s update was already reached at the beginning of August and thus the accumulated gains of +89% on this position were taken. The title remains in the fund due to the positive prospects of the company. Furthermore, Tencent was added to the fund and the position 3D-Systems was rebalanced with a gain of +34.6%.

Read more about the Belvoir Global Allocation II Universal Fund in the Monthly Update of August 2021, written by our fund manager, Fabian Schenkel, Msc.

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