07/31/2022 –

• Central banks raise interest rates again and is well received by the capital markets.
• We increased the equity ratio again in the course of July. As of July 31, this ratio was 68.2% (previous month 61.4%).
• In July, the Belvoir Global Allocation Fund was up 6.43% and is down 16.29% year-to-date, both figures in EUR.

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