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The best month ever!
With a plus of 13.11%, our fund set a new monthly record in November! Euphorized by the vote out of U.S. President Donald Trump and especially by positive clinical data on corona vaccines from Pfizer/Biontech and Moderna, global stock markets have skyrocketed this month. The study results so far are promising, but at the same time it will take months before the general population can be vaccinated. Nonetheless, the topic of corona seems to have been eaten by many investors and the economic recovery in 2021 is in the spotlight.
We have also increased the proportion of cyclical stocks over the course of the month, while at the same time slightly expanding our hedging. Our fund is quoted ytd. +3.11%.
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