Temporary Correction or Bear Market?

Monthly Comment | Fixed Income

Turbulent month due to Russian-Ukraine war, however, still a lower magnitude vs. March 2020

Stagflation fear is looming, leaving the ECB with limited tools available.

Fund outperformed relatively vs. the generic universe; Fund betal risk sits at record low with elevated liquidity on hand – to be deployed slowly but surely.

No direct exposure to Russia within the portfolio. Some limited indirect exposure through western European companies acting in Russia (<4%) exists and we further reduced it as a good risk management practice.

Read the Article.

Reader Interactions

Get in touch

Type
SCHIPFE 2 CH-8001 ZÜRICH SWITZERLAND
ASSET MANAGEMENT: +41 43 888 45 60
WEALTH MANAGEMENT/ PRIVATE MARKETS: +41 43 888 60 60

Copyright Cape Capital © 2022. All rights reserved