October was another month of strong movements in the financial markets. Global stock indices rose broadly on expectations of interest rate cuts and an improved trading climate. At the same time, long-term interest rates stabilized and in some cases fell slightly. In the US, the Federal Reserve cut interest rates by 25 basis points towards the end of the month, which was reinforced by signs of an upcoming Sino-US trade agreement. Crescit developed stably and now has a return of +8.43 % so far this year. Protect also delivers well with an increase of +11.50 %.