08.31.2023 –

• 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.

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