11/01/2022 – What a month it was! In October, the high market fluctuations have continued. In the first two weeks of the month, especially the concerns of further rising interest rates drove the markets south. On October 13, then came the turnaround of the month. Check out the October 2022 market update from our CEO, Steffen Bauke, on YouTube.
10/31/2022 – Reporting season with mixed results. Tencent sold due to ARD risk. Belvoir Global Allocation II Universal Fund records a plus of 2.0% in October. October was another turbulent month on the stock markets with corresponding volatility. Read more about the Belvoir Global Allocation II Universal Fund in the Monthly Update, written by the fund manager Fabian Schenkel, Msc.
10/31/2022 – Once again a positive month of October, after eight of the last months closed in negative figures. The European Central Bank (ECB) and the FED continue to focus on fighting inflation. Eurozone equities therefore remain underweighted compared to Swiss equities and US equities. We remain cautious, but see a bottom forming. Read more about the Belvoir Global Allocation…
10/27/2022 – Due to misjudgments of the inflation trend and a delayed reaction to inflation dynamics, central banks are now forced to announce even more restrictive monetary policies – yet, the economic downturn is already entrenched. Interest rate hikes – both the expected and the ones which have already taken hold – are now affecting the economy, with a time…
09/30/2022 – Are we over the worst already, or is this 2008 Reloaded? Though capital markets began to rally at the start of the third quarter, unfortunately this turned out to be a bear market rally. In fact, by the end of September, almost all leading indices were well below levels from the end of June 2022. In particular, the…
09/30/2022 – Great Britain causes market turbulence. Reduction of the equity exposure in the fund. Belvoir Global Allocation II Universal Fund posts a negative performance of 7.0% in September. The negative mood on the stock markets continued in September, with the three major US indices all trading below their June lows. Read more about the Belvoir Global Allocation II Universal…
09/30/2022 – The major central banks are getting serious: interest rate hikes are now going to levels that imperil the global economy. In particular, the European Central Bank’s (ECB) radical prioritization of fighting inflation over ensuring a stable economy through the strongest ECB interest rate hike seen to date involves some risks. Eurozone equities therefore remain underweighted compared to Swiss…
09/19/2022 – Globalization has promoted greater price stability, alongside greater technological ad-vancement and international exchange. The relocation of manufacturing processes to countries with low wages and an oversupply of labor has further created competitive advantages. Many nations have benefited from this global division of labor and trade, as their development has largely remained unhindered by geopolitical restrictions. Read more in…
08/31/2022 – Fundamentally: not much positive news – technically: there are first rays of hope AMD exposure has been increased to 3% again Belvoir Global Allocation II Universal Fund posts a negative performance of -3.8% in August “The big picture is bad” and “the rally on the stock markets was on a shaky foundation” are the headlines at the moment.…
08/31/2022 – Central banks reaffirm their fight against inflation. This has not been well-received by the markets During the month of August, we again increased the equity exposure to 76.6% (previous month 68.2%) In August, the Belvoir Global Allocation Fund was down 3.28% and is down 19.03% year-to-date, both num-bers are for the EUR-shares Read more about the Belvoir Global…
