Market Perspective Running hot – or overheating? Issue 131 | December 2021 Page 2 | Market Perspective | December 2021 Foreword This last Market Perspective of 2021 does not contain dramatically new

MosaiqueViews December 2021 / January 2022 02 Foreword 03 Asset allocation overview 04 Equities regions 05 Equities: sectors 06 Fixed income 06 Currencies Asset allocation summary

Issue 32 | October 2021 Mixing art and science Quarterly Letter At first glance, art and science appear to occupy opposite ends of the intellectual spectrum. To many people, they are poles apart, as

Despite a modest setback in September, global markets continued their upward trend in the third quarter; the MSCI World Equity index returned +6.9% in local currency, or +3.7% in EUR terms, alongside

Despite a modest setback in September, global markets continued their upward trend in the third quarter; the MSCI World Equity index returned +6.9% in local currency, or +3.7% in sterling terms,

MosaiqueViews October/ November 2020 04 Asset allocation 05 Asset class 06 Fixed income 07 Equities: regions 08 Equities: sectors 09 Currencies Asset Allocation is to most, the

MosaiqueViews November / December 2020 04 Asset allocation 05 Asset class 06 Fixed income 07 Equities: regions 08 Equities: sectors 09 Currencies Asset Allocation is to most, the

Monthly Market Summary May 2020 Summary: Markets continue to climb as lockdown eases Global equities continued to rally in May (+4.8% in USD terms), regaining two-thirds of their March drawdown,

Commentaire mensuel des marchés Juin 2020 Résumé : Les marchés sont en hausse dans un trimestre record pour les actions Après avoir rebondi de manière significative depuis les creux de mars, les

Commentaire mensuel des marchés Août 2020 Résumé : Un mois d'août fort pour les investisseurs en actions mondiales Les marchés boursiers mondiaux ont poursuivi leur trajectoire ascendante en août,