07/31/2022 –

• It’s the year of extremes – best start to Q3 since 1980.
• Positive corporate figures fuel the markets.
• Belvoir Global Allocation II Universal Fund records an increase of 6.9% in July.

Somehow, it is the year of extremes: The worst half-year since 1928 was followed by the best start into the third quarter since 1980 and the strongest monthly performance in the S&P 500 since November 2020.

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