– Equity investors faced difficulties last month with only a select few companies supported by the “artificial intelligence” theme outperforming. While the broader market grappled with recession concerns and uncertainties surrounding US debt ceiling negotiations. Additionally, negative news persisted as China’s recovery is taking longer than anticipated, and Germany unexpectedly entered a technical recession in Q1, experiencing two consecutive quarters of negative growth. On the bonds side, major indices posted losses in May. The heated debate around the US debt ceiling fuelled volatility in rates and spreads.

– In the last few weeks we have noticed record attendances for some of our events, particularly on Equity Quality Growth. As we are heading into the summer, activities will slow down, nevertheless do let us know any interest to meet or for an update with the investment teams.