- The war in Ukraine is shaping market activities. However, the downward slide on the markets remains for the time being.
- Reduction of equity exposure to 77.9% and 100% hedging of EUR positions in the CHF share class.
- Bond ratio was slightly increased to 7.6%. Liquidity is at 14.5%.
- In February, the Belvoir Global Allocation Fund was down 4.43% in EUR and is down 11.73% YTD.
- In February, the CHF also corrected by 4.18% and is down 11.14% since the beginning of the year.