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The CM-AM Global Gold fund is benefiting from the rise in gold and mining stocks, supported by strong results, silver/copper diversification, and active management focused on quality and positive outlooks.

After years in the shadow of large caps, US small and mid caps are regaining attention. With improving market conditions and supportive policies, this segment offers renewed potential for investors seeking dynamic and diversified exposure.

Politics dominate in the U.S. and Europe. France faces instability; the U.S. economy stays resilient despite inflation risks and the Eurozone shows gradual recovery, with Germany leading and the ECB remaining cautious.

The US administration's tariff policy is generating the first signs of an economic slowdown, although a major weakening in global growth is still absent, note Guy Wagner and his team in their latest monthly market report "Highlights".

CM-AM Convictions Euro is an actively managed, high-conviction fund managed on a discretionary basis that targets estimated value-creating companies in Europe.
It is aligned with four transformative mega trends that shape our future.

The gold market has risen sharply since the start of 2025, driven by favorable economic and political risks (inflation, geopolitical uncertainty, Trump’s return to power, massive central bank and investor buying, etc.)

Equity markets are undergoing a period of significant transformation, driven by changing monetary policies, persistent geopolitical tensions, and evolving economic conditions.

In the equity markets, which continue to experience evolving monetary policies, geopolitical uncertainties, and shifting economic dynamics, investors are increasingly interested in long-term strategies that create value