06/30/2023 –

• Further interest rate hikes in the pipeline
• Bond markets are softening their response to central bank rhetoric aimed at fighting inflation
• Equity markets led by US equities continued to rise in June
• The equity allocation was increased to 67.78% once more during June

The overall performance of the fund YTD is 8.98% in CHF and 10.07% in EUR.

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