– Pressure on financial markets showed no intention to ease in September: the sell-off spared no asset class, the MSCI World Index reported a 9% drop, on the bonds side, key indices plummeted by 5 to 8%. Inflation reports strengthened policy makers’ commitment to further raise interest rates. Chinese authorities maintain a more dovish stance, as they need to deal with the economic slowdown. Looking at the Russia-Ukraine war, Russia claimed annexations and the Nord Stream damages resulted in increased level of escalation of the conflict.

– On the back of this, all the funds ended in negative territory for the month. Given the uncertainty that dominates the current environment, market could be expected to remain quite volatile and extremely sensible to news, especially on the War front. However, it is in times like these, when prices severely drift away from fundamentals, that investors can lay the ground for future performance by focusing on the strength of the balance sheets rather than price action. For this reason, relying on active management with a solid bottom-up investment approach and diversification, will be key to generate appealing returns.

 – We organised a webcast on Hydrogen opportunities last month. The Webcast recorded high attendance, confirming the interest in this sector from investors.

– Finally in September we renewed our support to the French charity ‘La Chaîne de l’Espoir’, providing medical and surgery support for women and children around the globe (Afghanistan, Haiti, Mali,…).