Plenisfer Investments I Destination Value Total Return Fund Commentary Q2 2022

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Q2 2022 commentary on Plenisfer Investments Destination Value Total Return Fund

The second quarter of 2022 was negative for most asset classes: global equity markets experienced the worst quarter since the Covid outbreak and, at the same time, rates were raised dramatically across nearly all developed economies, causing steep losses in fixed-income markets.

Inflation continued to surprise markets on the upside with the latest CPI coming in at 8.6% (year on year) both in the Eurozone and the US, triggering the Fed to hike overnight rates by 75 basis points in June.

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Plenisfer Investments I Destination Value Total Return Fund Commentary Q2 2022
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