06/30/2022 –

• Will the bad first half-year now be followed by a good one?
• Innumerable future developments – deflationary tendencies are possible
• Belvoir Global Allocation II Universal Fund records a minus of 5.9% in June

June was another tough month on the stock market. Although there were occasional signs of stabilization, the American indices still closed the month with a negative sign.

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