08/25/2023 – The US is experiencing surprisingly robust growth despite interest rate hikes and a frail global economy. On the other hand, Europe’s economy continues to weaken, evidenced by a renewed decline in the Purchasing Managers’ Index for the industrial and services sectors. However, the greatest uncertainty is currently emanating from China. Its export engine has begun to sputter due…
09/13/2023 – Interesting developments have taken place in the financial markets over the past two months. One particularly notable change has been the rise in interest rates in the U.S., with yields on ten-year Treasuries rising over 4%. This offers alternative investment opportunities beside the stock market. Quarterly corporate results were mixed, with most beating expectations, but year-over-year profits fell…
07/05/2023 – FOMO – Fear of Missing Out, that is how you can describe it when you have to buy into rising prices because you missed the rally in tech stocks. Much has been talked, reported and written about ChatGPT and AI in every conceivable channel. The hype has driven valuations to new heights, especially for said tech stocks. The…
07/04/2023 – FOMO – Fear of Missing Out, that is how you can describe it when you have to buy into rising prices because you missed the rally in tech stocks. Much has been talked, reported and written about ChatGPT and AI in every conceivable channel. The hype has driven valuations to new heights, especially for said tech stocks. The…
06/30/2023 – FOMO on the stock market – Fear of Missing Out 10% of stocks make 90% of the performance in the 1st half of the year Interest rates continue to rise Soft Landing in the USA – Recession in Europe Belvoir Global Allocation II Universal Fund up 1.5% in June, +8.6% YTD Read more about the Belvoir Global Allocation…
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.…
06/06/2023 – At the beginning of May, we reached new all-time highs in the DAX and CAC 40 (France) in Europe. The indices could not maintained the levels over the course of May and closed in the red for the month. Discussions about the debt ceiling in the USA weighed on investor sentiment. In May, only a few stocks were…
05/31/2023 – Anxiety about the debt ceiling in the U.S. Value Flop – AI Shares Top! Inflation continues to fall Summer doldrums ahead? Belvoir Global Allocation II Universal Fund down 1.2% in April, +7.0% YTD With just under 76% in equities, 16% in bonds and 8% in cash, we positioned ourselves in our neutral positioning. Read more about the Belvoir…
05/31/2023 – Debt ceiling showdown averted at the last minute Recession fears resurface in Europe and the US as growth slows Equity exposure increased to 54.6% in May Read more about the Belvoir Global Allocation Fund in the current Monthly Update written by the fund manager Mauro Tempini.
06/02/2023 – Yesterday evening, Citywire Switzerland awarded the Top 50 Swiss Independent Asset Managers 2023. Belvoir Capital AG is once again among the winners, which makes us happy and proud. Many thanks to Citywire Switzerland for the award and the great event.
