– Equity markets continued their rebound in November on hopes that the Fed will moderate the pace of rate increases going forward and that China will soon relax its zero covid policy. The Q3 earnings’ season was another positive support as companies managed to release better-than-feared results.

– On the bond side the rapid pace of FED monetary tightening, combined with growth concerns and geo-political turmoil, has led to unprecedented outflows in the space, creating huge volatility and dislocations. These irrationalities provide a fertile soil to buy appealing bonds with a favorable risk/return.

– Across the range, most of the funds returned strong positive performance in November.

– We are preparing the agenda for 2023 and to kick off the year on a positive note, we will be hosting a K Women event in Paris on January 19th with another exceptional European leader