During February, the market was characterized by great uncertainty and rapid swings, making it challenging for managers to navigate. However, the Crescit funds, which are well-suited for this type of market, managed to capitalize on the movements and generate added value. The tactical overweight to European stock indices continued to be advantageous, while global equities struggled in the headwind. Crescit increased by +1.4% and is thus up +5.0% this year. Protect decreased only -0.3% while Global equities fell by -0.8%.
Looking ahead to 2025, the investor community anticipates some concern, as previously clear trends with a strong dollar and a strong US stock market appear to be changing. Crescit has adjusted its portfolio protections and has a relatively defensive stance going forward. The fixed income and credit markets continue to offer relatively good opportunities compared to the highly valued equity markets.