
Management Commentary for Retail Clients – June 5, 2025
General Development In May 2025, the fund price rose by 2.23%, but was only able to retain a portion of the gains, which had reached up to 10% in the

General Development In May 2025, the fund price rose by 2.23%, but was only able to retain a portion of the gains, which had reached up to 10% in the

General Development In April 2025, the fund price recorded a 1.2% decline, after having previously recovered 13% from its monthly low in the short term. The market turbulence was primarily

General Development In March 2025, the fund price recorded a moderate decline of 6.34% after initially recovering by 10% from its interim low. As in previous months, positive corporate news

General Development In February 2025, the fund price recorded a decrease of 5.18% after initially showing an increase of around 5%. Geopolitical factors, inflation concerns, and President Trump’s announcement of

General Development Market Update January 2025: A Turbulent Start to the YearJanuary 2025 started promisingly for our fund with an increase of around 10%, but ended with a decline of

The fund price gained 3.88% in December 2024. This gives us confidence for the new year, as we firmly believe that our portfolio’s current valuation does not reflect its true worth, but rather offers promising recovery potential in the coming year.
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