Global stocks rose in the quarter, with developed markets, particularly the United States, leading the way,
while emerging market equities trailed. AI (Artificial Intelligence) enthusiasm has lifted technology stocks.
Although the US Federal Reserve chose to remain on hold in June, major central banks boosted interest
rates over the time. Government bond rates increased, implying that prices declined.
Report 2 Q 2023
SFB SA
31/07/2023