12/31/2022 –

• Year-end rally cancelled, tech stocks continue to suffer.
• Adjustments in the fund continue.
• Belvoir Global Allocation II Universal Fund records a minus of 5.8% in December.

While the first few days of December were still positive, heightened recession concerns in the US and negative statements by ECB chief Christine Lagarde on the economy and key interest rates made for a weak December.

Read more about the Belvoir Global Allocation II Universal Fund in the Monthly Update, written by the fund manager Steffen Bauke.