News

12.02.2025 European markets performed strongly and reached new heights Portfolio adjustments: Equity investments increased to 71.49%, bond exposure decreased to 22.84% January returns: 3.2% in the EUR tranche and 2.95% in the CHF tranche Read more about the Belvoir Global Allocation Fund in the current Monthly Update written by the CFO Alexandre Weintraub.

09.01.2025 Markets trended sideways in December, with no year-end rally Trump euphoria lost momentum; Fed signaled to cut key rates less sharply from 2025 December returns and year-to-date returns: -1.32% and 7.89% for the EUR tranche and -1.58% and 8.51% for the CHF tranche Positioning for stability and growth in 2025 Read more about the Belvoir Global Allocation Fund in the current

04.04.2025 Macroeconomics – Weaker US, Recovering Europe, China acted. Tariffs’ war is on its summit, for now Equities – Second consecutive month of negative markets, with Asia ex-Japan in positive territory Bonds – Positive US Government bonds, steady Investment Grade Corporate bonds, negative High Yield bonds Currencies – Softer USD amid uncertainties and weaker macroeconomic data Other – Cryptos down, Gold hits all-time high Belvoir Global Allocation II Universal Fund at -4.8% in March, now -2.2% YTD Read more about the Belvoir Global Allocation II Universal Fund in the Monthly Update, written by the fund manager Steffen Bauke.

07.03.2025 Macroeconomics – Softer US, Recovering Europe, China ready to act. Tariffs’ war is here to stay, for now Equities – Profit taking and uncertainty in February, with Europe outperforming again Bonds – Rally in both Government and Corporate bonds Currencies – Softer USD amid uncertainties and weaker macroeconomic data Other – Sell off in Cryptos, Gold still close to all-time highs Belvoir Global Allocation II Universal Fund lost a mild -1.6% despite heavy market volatility, now +2.7% YTD Read more about the Belvoir Global Allocation II Universal Fund in the Monthly Update, written by the fund manager Steffen Bauke.

12.02.2025 – Macroeconomics – Strong US, Recovering Europe, China powering up. Tariffs’ war ahead Equities – Rally after a weak December, with Europe in the spotlight Bonds – Volatile but flat Governments, further yield spread tightening for Corporates Currencies – Mild strength in USD, JPY rally Other – Volatile Cryptos but slightly up, Gold at all-time highs Belvoir Global Allocation II Universal Fund gained +4.47% in January Read more about the Belvoir Global Allocation II Universal Fund in the Monthly Update, written by the fund manager Steffen Bauke.

09.01.2025 For most investors, 2024 was a good year. Depending on their positioning, investors enjoyed capital gains that were higher than we had anticipated at the beginning of the year… Read more in the Strategy Update from the 4rd quarter 2024. For further information, we are at your disposal in personal conversations.

09.01.2025 – December – Powell ends the year-end rally Interest rates – Europe down, USA up Sectors – No clear picture Inflation – remains sticky on both sides of the pond Belvoir Global Allocation II Universal Fund lost -2.4% in December, reaching +8.3% in 2024 Read more about the Belvoir Global Allocation II Universal Fund in the Monthly Update, written by the fund manager Steffen Bauke.

13.12.2024 Positive US stock markets in November, sideways to even negative stock markets in Europe Higher bond yields after the election of Trump have returned to normal levels Reduced equity exposure with stronger weighting in Swiss equities November returns: 2.5% in the EUR tranche and 2.3% in the CHF tranche Read more about the Belvoir Global Allocation Fund in the current Monthly Update written by the CFO Alexandre Weintraub.

13.12.2024 – November – Markets Influenced by Trump’s Election Europe: Weak and Weaker Sector Rotation: Once Again, a Major Reshuffle Inflation: Is the Ghost Returning? Interest Rates: Yields Rising at the Long End – Is Something Brewing? Belvoir Global Allocation II Universal Fund gained +4.3% in November, now +10.9% YTD Read more about the Belvoir Global Allocation II Universal Fund in the Monthly Update, written by the fund manager Steffen Bauke.