- 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.