Dear Investors,  

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.

Below is the detail of the equity exposure as of November 7, 2022

• Equity Europe Large Cap : 22.57 %
• Equity US Large Cap : 9.81 %
• Equity Asia : 7.18 % (Japan : 2.70%)

Reminder : the main characteristic of the V4 allocation method in the Seven Force range is its ability to take on risk on market lows but also to disengage from markets that go into correction or become deeply bearish.

This capacity for real flexibility is in the DNA of the Seven Force range and gives it this specificity of Absolute Return. The market sequence that we have experienced from June 2022 to today with the rise , then the fall of the markets then again the rise of the markets shows the full effectiveness of version 4 of the allocation methods implemented since March 2022. It represents a real technological advance in the field of allocation and risk management allowing Seven Capital to approach the future years with conviction and confidence.

We remain at your disposal for any further information.