08.10.2024 –

• September – things often turn out differently than expected!
• USA – Interest rate turnaround has begun, soft landing likely
• Sector Rotation – Defensive sectors continue to perform
• Belvoir Global Allocation II Universal Fund gained +0.8% in September and is up +7.9% YTD

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