Equity markets stabilized in October to resume a positive trend after the low point of October 14, 2022. Equity exposure, after a low of 28% on October 19, perfectly accompanied the recovery of equity markets to rise to 40% on November 7, 2022, i.e. a risk recovery of + 43% compared to its low point in mid-October, demonstrating the responsiveness of Version 4 of the allocation methods. Exposures on the 3 rate curves ($/€/Y) remain very low.