01/05/2022 –

• A very strong stock market year, driven by individual stocks
• Tesla exceeds all expectations
• Belvoir Global Allocation II Universal Fund returns +1.0% in December

The stock market month of December was characterized by strong rises until mid-month, whereupon these gains were almost completely sold off again within the following sessions. The reason for the high volatility is simple: the markets do not like uncertainty and since the crucial data on the severity of Omicron was limited, this resulted in corresponding volatility.

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