At Serenis, we are pleased to share our comprehensive monthly financial analysis. This document is the fruit of the rigorous work of our investment committee, combining our collective expertise and in-depth understanding of the markets.

After a one-month exclusivity period reserved for our clients, we are pleased to make these analyses available to everyone. This approach enables us to offer an exclusive service to our clients, while at the same time sharing our perspectives with a wider audience.

In the following pages, you will discover our analysis of the past month, our current positioning, and our thoughts on future trends. Our ambition is to provide you with concise, clear and informative content. In this way, we hope to help you gain a better understanding of today's and tomorrow's financial environment, explained in simple terms to stimulate your thinking about the current and future financial environment.