11/30/2022 –

• The recovery on the stock markets continues in November.
• Decline in inflation causes price fireworks that could continue in December.
• Eurozone equities therefore remain underweighted compared to Swiss equities and US equities. We remain cautious and remain at an equity ratio of below 80%.

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