Management Commentary for Retail Clients – April 4, 2025

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 and Germany’s 100-billion-euro climate package provided only temporary impetus, while political uncertainties surrounding new US tariffs and high market volatility weighed again. For full performance […]

Management Commentary – April 4, 2025

In March 2025, the fund price recorded a decline of 6.34% after a brief recovery of 10% from the low on March 12. However, this recovery proved to be short-lived – by the end of the month, the gains had been lost. The pattern is reminiscent of

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Management Commentary for Retail Clients – April 4, 2025

Management Commentary – April 4, 2025

Retail Investor

Professional Investor