– 2023 started positively for Fixed Income as the combination of Central Banks tightening policies and the market sell-off generated unique opportunities for investors. On the equities side, the beginning of the year was also marked by a reversal of the trends that prevailed in 2022. All-in, the Nasdaq rose +10.6%, its best performance in January since 2001. Economic data do not point to any imminent major economic weakness, fuelling hopes of a “soft landing” for the global economy.

– Hence all funds in the range returned strong positive performances, from +2,6% to +14,6%.