01/31/2023 –

• The main asset classes got off to a flying start in the new year, but investors are still holding high levels of liquidity.
• In the fixed-income area, we consider corporate bonds with good credit ratings and rather short maturities to be particularly attractive.
• After a good performance in January, we reduced the equity exposure again from 84.4% to currently 71.6%.

Read more about the Belvoir Global Allocation Fund in the current Monthly Update written by the fund manager Mauro Tempini.