03/31/2023 –

• Crisis of confidence due to bank bailouts
• By definition, we’re no longer in a bear market – true or false?
• Interest rates are falling
• Reallocations have borne their first fruits
• Belvoir Global Allocation II Universal records a plus of 4.0% in March

In this reporting month, the biggest winners are Adobe (+16.13%), Barrick Gold (+12.94%), Microsoft (+11.94%) und Apple (+8.28%).

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