– Global markets had a rollercoaster month in October. Equities started well on hopes of a solid Q3 results season and another fiscal stimulus in the US but eventually gave back all their gains as democrats and republicans couldn’t agree on a new package and faster-than-expected rise of Covid infections triggered more lockdown restrictions.  Since US Elections, vaccines press announcements and headlines have generated volatility.

 – Across the fund range, performance was challenged in October, nevertheless since the beginning of 2020, 100% of our funds are strongly outperforming their benchmarks.