06/30/2022 –

• Central banks raise interest rates and thus burden capital markets
• In the course of June, we reduced the equity quota yet again. As of June 30, this ratio is 61.4% (previous month 68.4%)
• In June, the Belvoir Global Allocation Fund was again down 5.1% and is down 21.3% year-to-date, both fig-ures in EUR

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