02/28/2023 –

• A trend reversal or a bear market rally?
• Interest rates continue to rise.
• Reallocations continue.
• In February, the Belvoir Global Allocation II Universal Fund recorded a minus of 2.5%.

At the end of February, the fund’s equity ratio was around 74.0%, with bonds at 17.2% and cash at 9.4%.

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